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.
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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