Strs Ohio lifted its position in shares of Hostess Brands, Inc. (NASDAQ:TWNK – Free Report) by 8.7% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 13,700 shares of the company’s stock after purchasing an additional 1,100 shares during the period. Strs Ohio’s holdings in Hostess Brands were worth $346,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also recently modified their holdings of the company. Point72 Asset Management L.P. purchased a new stake in Hostess Brands during the 4th quarter valued at approximately $33,000. Harbor Capital Advisors Inc. purchased a new stake in Hostess Brands during the 2nd quarter valued at approximately $47,000. Captrust Financial Advisors raised its stake in Hostess Brands by 31.3% during the 2nd quarter. Captrust Financial Advisors now owns 2,711 shares of the company’s stock valued at $58,000 after acquiring an additional 647 shares during the last quarter. First Horizon Advisors Inc. raised its stake in shares of Hostess Brands by 35.8% during the 1st quarter. First Horizon Advisors Inc. now owns 3,791 shares of the company’s stock worth $94,000 after buying an additional 1,000 shares in the last quarter. Finally, State of Wyoming increased its stake in Hostess Brands by 43.5% in the 4th quarter. State of Wyoming now owns 4,289 shares of the company’s stock valued at $96,000 after purchasing an additional 1,300 shares in the last quarter.
Wall Street Analyst Weigh In
Several research firms have recently issued reports on TWNK. TD Cowen began coverage on Hostess Brands in a report on Wednesday, September 13th. They set a “market perform” rating and a $34.00 price objective on the stock. Deutsche Bank Aktiengesellschaft decreased their price objective on Hostess Brands from $25.00 to $24.00 and set a “hold” rating on the stock in a report on Wednesday, August 9th. StockNews.com began coverage on Hostess Brands in a report on Monday. They set a “sell” rating on the stock. Truist Financial cut Hostess Brands from a “buy” rating to a “hold” rating and set a $34.25 target price on the stock. in a report on Monday, September 11th. Finally, Consumer Edge cut Hostess Brands from an “overweight” rating to an “equal weight” rating in a report on Tuesday, September 12th. One research analyst has rated the stock with a sell rating, ten have issued a hold rating and one has issued a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $29.58.
Hostess Brands Trading Up 0.1 %
TWNK opened at $33.40 on Wednesday. Hostess Brands, Inc. has a 1-year low of $21.59 and a 1-year high of $33.74. The company has a current ratio of 1.80, a quick ratio of 1.47 and a debt-to-equity ratio of 0.53. The company has a market cap of $4.44 billion, a P/E ratio of 26.94, a price-to-earnings-growth ratio of 3.26 and a beta of 0.55. The company has a fifty day moving average price of $31.69 and a two-hundred day moving average price of $27.38.
Hostess Brands (NASDAQ:TWNK – Get Free Report) last issued its quarterly earnings data on Tuesday, August 8th. The company reported $0.28 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.27 by $0.01. The firm had revenue of $352.36 million during the quarter, compared to analysts’ expectations of $359.24 million. Hostess Brands had a net margin of 12.28% and a return on equity of 7.82%. The business’s revenue was up 3.5% on a year-over-year basis. During the same period last year, the company earned $0.22 earnings per share. Analysts predict that Hostess Brands, Inc. will post 1.12 EPS for the current fiscal year.
About Hostess Brands
Hostess Brands, Inc develops, manufactures, markets, sells, and distributes snack products in the United States and Canada. The company provides a range of snack cakes, donuts, sweet rolls, breakfast pastries, cookies, snack pies, sweet baked goods, wafers, bread and buns, danishes, honey buns, coffee cakes, and sugar-free products.
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