Hostess Brands (NASDAQ:TWNK) Sees Strong Trading Volume

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Shares of Hostess Brands Inc (NASDAQ:TWNK) saw strong trading volume on Monday . 1,332,370 shares were traded during mid-day trading, an increase of 18% from the previous session’s volume of 1,131,734 shares.The stock last traded at $13.85 and had previously closed at $13.45.

Several equities analysts have weighed in on the company. Zacks Investment Research upgraded Hostess Brands from a “sell” rating to a “hold” rating in a report on Friday, November 15th. JPMorgan Chase & Co. reissued an “overweight” rating on shares of Hostess Brands in a report on Tuesday. SunTrust Banks cut their price objective on Hostess Brands from $17.00 to $16.00 and set a “hold” rating on the stock in a research note on Friday, September 20th. Morgan Stanley boosted their target price on Hostess Brands from $14.00 to $15.00 and gave the stock an “equal weight” rating in a report on Tuesday. Finally, BidaskClub raised Hostess Brands from a “strong sell” rating to a “sell” rating in a research report on Saturday, November 9th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and five have assigned a buy rating to the company’s stock. Hostess Brands presently has a consensus rating of “Hold” and a consensus price target of $15.63.

The stock has a market cap of $1.75 billion, a P/E ratio of 25.82 and a beta of 0.54. The company has a current ratio of 2.73, a quick ratio of 2.49 and a debt-to-equity ratio of 0.62. The firm’s fifty day moving average is $13.22 and its 200 day moving average is $13.78.

Hostess Brands (NASDAQ:TWNK) last issued its quarterly earnings results on Wednesday, November 6th. The company reported $0.13 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.12 by $0.01. The company had revenue of $227.21 million for the quarter, compared to the consensus estimate of $212.80 million. Hostess Brands had a return on equity of 4.19% and a net margin of 5.88%. The firm’s revenue was up 7.7% compared to the same quarter last year. During the same period last year, the business posted $0.10 earnings per share. Research analysts forecast that Hostess Brands Inc will post 0.61 earnings per share for the current fiscal year.

Several hedge funds have recently modified their holdings of TWNK. Maverick Capital Ltd. grew its stake in shares of Hostess Brands by 2,699.3% in the second quarter. Maverick Capital Ltd. now owns 267,610 shares of the company’s stock worth $3,864,000 after acquiring an additional 258,050 shares during the last quarter. Jefferies Group LLC increased its position in Hostess Brands by 96.4% during the second quarter. Jefferies Group LLC now owns 137,507 shares of the company’s stock worth $1,986,000 after acquiring an additional 67,507 shares during the period. Victory Capital Management Inc. raised its stake in Hostess Brands by 66.1% during the 2nd quarter. Victory Capital Management Inc. now owns 4,471,474 shares of the company’s stock valued at $64,568,000 after purchasing an additional 1,780,147 shares during the last quarter. California Public Employees Retirement System raised its stake in Hostess Brands by 73.7% during the 3rd quarter. California Public Employees Retirement System now owns 205,178 shares of the company’s stock valued at $2,869,000 after purchasing an additional 87,053 shares during the last quarter. Finally, Envestnet Asset Management Inc. boosted its holdings in Hostess Brands by 41.5% in the 3rd quarter. Envestnet Asset Management Inc. now owns 19,243 shares of the company’s stock valued at $269,000 after purchasing an additional 5,643 shares during the period.

About Hostess Brands (NASDAQ:TWNK)

Hostess Brands, Inc, a packaged food company, develops, manufactures, markets, sells, and distributes fresh sweet baked goods in the United States. It primarily offer a range of snack cakes, donuts, sweet rolls, breakfast pastries, snack pies, and related products. The company operates in two segments, Sweet Baked Goods and In-Store Bakery.

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