Psagot Value Holdings Ltd. Israel purchased a new stake in shares of Hostess Brands, Inc. (NASDAQ:TWNK – Free Report) in the 1st quarter, HoldingsChannel reports. The institutional investor purchased 8,500 shares of the company’s stock, valued at approximately $206,000.
Several other institutional investors have also modified their holdings of TWNK. BlackRock Inc. lifted its position in Hostess Brands by 103.5% in the 1st quarter. BlackRock Inc. now owns 24,077,759 shares of the company’s stock valued at $528,266,000 after purchasing an additional 12,247,765 shares during the last quarter. Vanguard Group Inc. increased its stake in shares of Hostess Brands by 0.6% in the third quarter. Vanguard Group Inc. now owns 15,997,837 shares of the company’s stock valued at $371,790,000 after purchasing an additional 96,984 shares during the period. Dimensional Fund Advisors LP raised its holdings in shares of Hostess Brands by 0.5% during the first quarter. Dimensional Fund Advisors LP now owns 9,173,495 shares of the company’s stock valued at $228,234,000 after buying an additional 49,810 shares during the last quarter. State Street Corp boosted its position in shares of Hostess Brands by 1.1% during the second quarter. State Street Corp now owns 5,004,593 shares of the company’s stock worth $106,147,000 after buying an additional 55,673 shares during the period. Finally, Champlain Investment Partners LLC increased its position in Hostess Brands by 33.0% in the 1st quarter. Champlain Investment Partners LLC now owns 4,108,145 shares of the company’s stock valued at $102,211,000 after acquiring an additional 1,019,345 shares during the period.
Analyst Ratings Changes
A number of research analysts have issued reports on the company. Truist Financial lowered Hostess Brands from a “buy” rating to a “hold” rating and set a $34.25 price target for the company. in a research report on Monday. TD Cowen initiated coverage on shares of Hostess Brands in a research report on Wednesday. They set a “market perform” rating and a $34.00 price target on the stock. Consumer Edge cut shares of Hostess Brands from an “overweight” rating to an “equal weight” rating in a report on Tuesday. Deutsche Bank Aktiengesellschaft dropped their target price on Hostess Brands from $25.00 to $24.00 and set a “hold” rating on the stock in a report on Wednesday, August 9th. Finally, Stephens lowered Hostess Brands from an “overweight” rating to an “equal weight” rating in a research note on Tuesday. One analyst has rated the stock with a sell rating, nine have given a hold rating and one has given a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $29.03.
Hostess Brands Price Performance
NASDAQ TWNK opened at $33.50 on Thursday. The stock has a market capitalization of $4.45 billion, a P/E ratio of 27.02, a P/E/G ratio of 2.74 and a beta of 0.61. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.47 and a current ratio of 1.80. The business’s fifty day moving average is $25.30 and its two-hundred day moving average is $25.32. Hostess Brands, Inc. has a 1 year low of $21.59 and a 1 year high of $33.74.
Hostess Brands (NASDAQ:TWNK – Get Free Report) last announced its earnings results on Tuesday, August 8th. The company reported $0.28 EPS for the quarter, beating the consensus estimate of $0.27 by $0.01. Hostess Brands had a return on equity of 7.82% and a net margin of 12.28%. The business had revenue of $352.36 million during the quarter, compared to the consensus estimate of $359.24 million. During the same period in the prior year, the business posted $0.22 earnings per share. Hostess Brands’s revenue was up 3.5% compared to the same quarter last year. On average, research analysts forecast that Hostess Brands, Inc. will post 1.12 earnings per share for the current fiscal year.
Hostess Brands Company Profile
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.
- Five stocks we like better than Hostess Brands
- What Does a Stock Split Mean?
- Shutterstock is the Value Stock they don’t want you to know about
- With Risk Tolerance, One Size Does Not Fit All
- 3 Low-Cost ETFs That Are Crushing SPY
- How to Capture the Benefits of Dividend Increases
- Body Slammed Under $100, Is World Wrestling Stock an Opportunity?
Receive News & Ratings for Hostess Brands Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Hostess Brands and related companies with MarketBeat.com's FREE daily email newsletter.