Great West Life Assurance Co. Can Buys New Position in Hostess Brands, Inc. (NASDAQ:TWNK)

Great West Life Assurance Co. Can bought a new stake in shares of Hostess Brands, Inc. (NASDAQ:TWNK – Get Rating) during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 153,275 shares of the company’s stock, valued at approximately $3,562,000.

A number of other hedge funds have also bought and sold shares of the business. James Investment Research Inc. bought a new stake in shares of Hostess Brands in the second quarter valued at $34,000. CoreCap Advisors LLC bought a new position in Hostess Brands during the 2nd quarter valued at approximately $40,000. C M Bidwell & Associates Ltd. bought a new position in shares of Hostess Brands in the 2nd quarter worth approximately $47,000. Captrust Financial Advisors raised its position in shares of Hostess Brands by 31.3% in the 2nd quarter. Captrust Financial Advisors now owns 2,711 shares of the company’s stock worth $58,000 after acquiring an additional 647 shares in the last quarter. Finally, Robeco Institutional Asset Management B.V. grew its stake in shares of Hostess Brands by 363.6% in the 2nd quarter. Robeco Institutional Asset Management B.V. now owns 3,449 shares of the company’s stock worth $73,000 after buying an additional 2,705 shares during the last quarter.

Wall Street Analyst Weigh In

TWNK has been the topic of several recent analyst reports. 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. Credit Suisse Group raised their target price on Hostess Brands from $26.00 to $29.00 and gave the stock an “outperform” rating in a report on Thursday, November 3rd. StockNews.com initiated coverage on Hostess Brands in a report on Wednesday, October 12th. They set a “hold” rating on the stock. Finally, Morgan Stanley cut Hostess Brands from an “overweight” rating to an “equal weight” rating and decreased their price target for the company from $30.00 to $25.00 in a report on Tuesday, December 20th. Three research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $26.71.

Hostess Brands Price Performance

NASDAQ TWNK opened at $22.27 on Tuesday. The firm’s fifty day simple moving average is $24.08 and its two-hundred day simple moving average is $23.85. The company has a current ratio of 2.08, a quick ratio of 1.81 and a debt-to-equity ratio of 0.61. Hostess Brands, Inc. has a 12-month low of $18.97 and a 12-month high of $29.00. The firm has a market capitalization of $2.98 billion, a P/E ratio of 18.56 and a beta of 0.60.

Hostess Brands (NASDAQ:TWNK – Get Rating) last announced its quarterly earnings data on Wednesday, November 2nd. The company reported $0.23 earnings per share for the quarter, beating analysts’ consensus estimates of $0.21 by $0.02. The firm had revenue of $346.23 million for the quarter, compared to analyst estimates of $322.43 million. Hostess Brands had a net margin of 12.75% and a return on equity of 7.66%. The business’s quarterly revenue was up 20.2% compared to the same quarter last year. During the same period in the previous year, the company earned $0.21 earnings per share. Analysts forecast that Hostess Brands, Inc. will post 0.97 EPS for the current fiscal year.

About Hostess Brands

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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.