Phocas Financial Corp. trimmed its position in shares of Hostess Brands, Inc. (NASDAQ:TWNK – Free Report) by 19.9% during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 331,389 shares of the company’s stock after selling 82,304 shares during the period. Hostess Brands makes up approximately 1.1% of Phocas Financial Corp.’s holdings, making the stock its 19th largest holding. Phocas Financial Corp. owned approximately 0.25% of Hostess Brands worth $8,391,000 at the end of the most recent reporting period.
Other large investors also recently modified their holdings of the company. UMB Bank n.a. acquired a new position in shares of Hostess Brands in the 1st quarter worth approximately $28,000. Point72 Asset Management L.P. acquired a new position in shares of Hostess Brands in the 4th quarter worth approximately $33,000. Harbor Capital Advisors Inc. acquired a new position in shares of Hostess Brands in the 2nd quarter worth approximately $47,000. Captrust Financial Advisors boosted 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 worth $58,000 after acquiring an additional 647 shares in the last quarter. Finally, First Horizon Advisors Inc. boosted its holdings in shares of Hostess Brands by 35.8% in the 1st quarter. First Horizon Advisors Inc. now owns 3,791 shares of the company’s stock worth $94,000 after acquiring an additional 1,000 shares in the last quarter.
Analyst Upgrades and Downgrades
Several research firms have issued reports on TWNK. Consumer Edge downgraded Hostess Brands from an “overweight” rating to an “equal weight” rating in a report on Tuesday, September 12th. JPMorgan Chase & Co. downgraded Hostess Brands from an “overweight” rating to a “neutral” rating and set a $28.00 price objective on the stock. in a report on Thursday, August 31st. StockNews.com downgraded Hostess Brands from a “hold” rating to a “sell” rating in a report on Tuesday, September 12th. Deutsche Bank Aktiengesellschaft cut their price target on Hostess Brands from $25.00 to $24.00 and set a “hold” rating on the stock in a research note on Wednesday, August 9th. Finally, TD Cowen initiated coverage on Hostess Brands in a research report on Wednesday, September 13th. They issued a “market perform” rating and a $34.00 price target on the stock. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and one has assigned a buy rating to the stock. According to MarketBeat, Hostess Brands currently has a consensus rating of “Hold” and an average target price of $29.03.
Hostess Brands Stock Performance
Shares of NASDAQ:TWNK traded up $0.02 during trading on Tuesday, reaching $33.39. 3,360,740 shares of the stock were exchanged, compared to its average volume of 1,440,758. Hostess Brands, Inc. has a 12 month low of $21.59 and a 12 month high of $33.74. The firm has a market cap of $4.44 billion, a PE ratio of 26.94, a PEG ratio of 3.27 and a beta of 0.61. The stock has a 50-day moving average price of $25.81 and a 200-day moving average price of $25.51. The company has a current ratio of 1.80, a quick ratio of 1.47 and a debt-to-equity ratio of 0.53.
Hostess Brands (NASDAQ:TWNK – Get Free Report) last issued its quarterly earnings results on Tuesday, August 8th. The company reported $0.28 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.27 by $0.01. The business had revenue of $352.36 million during the quarter, compared to analysts’ expectations of $359.24 million. Hostess Brands had a return on equity of 7.82% and a net margin of 12.28%. The firm’s revenue for the quarter was up 3.5% compared to the same quarter last year. During the same period in the previous year, the company posted $0.22 earnings per share. Research analysts expect that Hostess Brands, Inc. will post 1.12 EPS for the current fiscal year.
Hostess Brands 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.
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