Hostess Brands (NASDAQ:TWNK) Sees Large Volume Increase

Shares of Hostess Brands, Inc. (NASDAQ:TWNK) saw an uptick in trading volume on Tuesday . 708,817 shares were traded during trading, a decline of 50% from the previous session’s volume of 1,427,554 shares.The stock last traded at $33.38 and had previously closed at $33.37.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on TWNK shares. Jefferies Financial Group downgraded Hostess Brands from a “buy” rating to a “hold” rating and upped their price objective for the company from $30.00 to $34.00 in a research note on Thursday, September 14th. Deutsche Bank Aktiengesellschaft decreased their price objective on shares of Hostess Brands from $25.00 to $24.00 and set a “hold” rating for the company in a report on Wednesday, August 9th. Truist Financial cut shares of Hostess Brands from a “buy” rating to a “hold” rating and set a $34.25 target price on the stock. in a research note on Monday, September 11th. Stephens cut shares of Hostess Brands from an “overweight” rating to an “equal weight” rating in a report on Tuesday, September 12th. Finally, JPMorgan Chase & Co. lowered Hostess Brands from an “overweight” rating to a “neutral” rating and set a $28.00 price objective for the company. in a report on Thursday, August 31st. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and one has issued a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $29.03.

Hostess Brands Stock Performance

The company has a quick ratio of 1.47, a current ratio of 1.80 and a debt-to-equity ratio of 0.53. The company has a market capitalization of $4.44 billion, a PE ratio of 26.91, a PEG ratio of 3.27 and a beta of 0.61. The company has a 50-day moving average price of $25.81 and a two-hundred day moving average price of $25.51.

Hostess Brands (NASDAQ:TWNK) last issued its earnings results on Tuesday, August 8th. The company reported $0.28 EPS for the quarter, topping 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 quarter last year, the company earned $0.22 EPS. The firm’s revenue was up 3.5% compared to the same quarter last year. Analysts predict that Hostess Brands, Inc. will post 1.12 EPS for the current fiscal year.

Institutional Trading of Hostess Brands

A number of hedge funds and other institutional investors have recently bought and sold shares of TWNK. UMB Bank n.a. purchased a new position in shares of Hostess Brands during the 1st quarter valued at $28,000. Point72 Asset Management L.P. bought a new stake in Hostess Brands during the fourth quarter valued at $33,000. Harbor Capital Advisors Inc. purchased a new position in Hostess Brands during the second quarter worth about $47,000. West Tower Group LLC bought a new position in Hostess Brands in the 2nd quarter worth about $48,000. Finally, Captrust Financial Advisors raised its holdings 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 valued at $58,000 after acquiring an additional 647 shares in the last quarter.

About Hostess Brands

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.