State Board of Administration of Florida Retirement System Reduces Stock Position in Hostess Brands, Inc. (NASDAQ:TWNK)

State Board of Administration of Florida Retirement System lowered its stake in shares of Hostess Brands, Inc. (NASDAQ:TWNKGet Rating) by 7.6% during the 2nd quarter, HoldingsChannel reports. The fund owned 27,891 shares of the company’s stock after selling 2,304 shares during the period. State Board of Administration of Florida Retirement System’s holdings in Hostess Brands were worth $592,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently made changes to their positions in the company. James Investment Research Inc. purchased a new stake in shares of Hostess Brands during the second quarter worth $34,000. Robeco Institutional Asset Management B.V. increased its holdings in shares of Hostess Brands by 363.6% in the second quarter. Robeco Institutional Asset Management B.V. now owns 3,449 shares of the company’s stock worth $73,000 after purchasing an additional 2,705 shares during the period. EverSource Wealth Advisors LLC increased its holdings in shares of Hostess Brands by 1,391.6% in the second quarter. EverSource Wealth Advisors LLC now owns 3,923 shares of the company’s stock worth $84,000 after purchasing an additional 3,660 shares during the period. Point72 Hong Kong Ltd bought a new position in shares of Hostess Brands in the first quarter worth $132,000. Finally, Nisa Investment Advisors LLC increased its holdings in shares of Hostess Brands by 36.0% in the second quarter. Nisa Investment Advisors LLC now owns 6,051 shares of the company’s stock worth $128,000 after purchasing an additional 1,601 shares during the period.

Hostess Brands Stock Performance

NASDAQ TWNK opened at $26.95 on Friday. The company has a 50-day simple moving average of $25.19 and a two-hundred day simple moving average of $22.92. The company has a quick ratio of 1.81, a current ratio of 2.08 and a debt-to-equity ratio of 0.61. Hostess Brands, Inc. has a 12-month low of $16.76 and a 12-month high of $29.00. The firm has a market cap of $3.61 billion, a price-to-earnings ratio of 22.46 and a beta of 0.59.

Hostess Brands (NASDAQ:TWNKGet Rating) last posted its quarterly earnings results on Wednesday, November 2nd. The company reported $0.23 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.21 by $0.02. Hostess Brands had a net margin of 12.75% and a return on equity of 7.66%. The business had revenue of $346.23 million during the quarter, compared to analyst estimates of $322.43 million. During the same period in the prior year, the business posted $0.21 earnings per share. The company’s revenue was up 20.2% on a year-over-year basis. On average, equities analysts forecast that Hostess Brands, Inc. will post 0.97 EPS for the current year.

Analysts Set New Price Targets

Several research firms have recently weighed in on TWNK. StockNews.com began coverage on shares of Hostess Brands in a report on Wednesday, October 12th. They issued a “hold” rating on the stock. Credit Suisse Group upped their price target on shares of Hostess Brands from $26.00 to $29.00 and gave the stock an “outperform” rating in a report on Thursday, November 3rd. Morgan Stanley increased their target price on Hostess Brands from $26.00 to $30.00 and gave the company an “overweight” rating in a research note on Thursday, November 3rd. Finally, JPMorgan Chase & Co. increased their target price on Hostess Brands from $26.00 to $29.00 and gave the company an “overweight” rating in a research note on Thursday, November 3rd. Two investment analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $27.43.

About Hostess Brands

(Get Rating)

Hostess Brands, Inc, a packaged food company, develops, manufactures, markets, sells, and distributes snack products in the United States. 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.

See Also

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Institutional Ownership by Quarter for Hostess Brands (NASDAQ:TWNK)

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