Hostess Brands, Inc. (NASDAQ:TWNK) insider Cdm Hostess Class C, Llc sold 25,752 shares of the firm’s stock in a transaction dated Tuesday, January 2nd. The shares were sold at an average price of $15.30, for a total value of $394,005.60. Following the sale, the insider now directly owns 25,752 shares in the company, valued at $394,005.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.
Cdm Hostess Class C, Llc also recently made the following trade(s):
- On Monday, December 18th, Cdm Hostess Class C, Llc sold 31,685 shares of Hostess Brands stock. The shares were sold at an average price of $15.30, for a total value of $484,780.50.
Shares of Hostess Brands, Inc. (NASDAQ:TWNK) opened at $14.91 on Friday. Hostess Brands, Inc. has a twelve month low of $11.00 and a twelve month high of $17.18. The company has a current ratio of 2.18, a quick ratio of 1.88 and a debt-to-equity ratio of 0.77.
Hostess Brands (NASDAQ:TWNK) last issued its earnings results on Wednesday, November 8th. The company reported $0.14 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.13 by $0.01. Hostess Brands had a return on equity of 1.16% and a net margin of 2.58%. The firm had revenue of $192.30 million for the quarter, compared to analysts’ expectations of $198.42 million. Hostess Brands’s revenue for the quarter was down 2.0% compared to the same quarter last year. analysts predict that Hostess Brands, Inc. will post 0.61 EPS for the current year.
A number of hedge funds and other institutional investors have recently modified their holdings of TWNK. Morgan Stanley increased its stake in Hostess Brands by 34.8% during the first quarter. Morgan Stanley now owns 80,034 shares of the company’s stock worth $1,270,000 after acquiring an additional 20,653 shares during the last quarter. Schwab Charles Investment Management Inc. increased its stake in Hostess Brands by 351.3% during the second quarter. Schwab Charles Investment Management Inc. now owns 358,087 shares of the company’s stock worth $5,766,000 after acquiring an additional 278,738 shares during the last quarter. Rhumbline Advisers bought a new stake in Hostess Brands during the second quarter worth approximately $1,531,000. Bank of New York Mellon Corp increased its stake in Hostess Brands by 304.3% during the second quarter. Bank of New York Mellon Corp now owns 379,911 shares of the company’s stock worth $6,117,000 after acquiring an additional 285,949 shares during the last quarter. Finally, Legal & General Group Plc bought a new stake in Hostess Brands during the second quarter worth approximately $312,000. 78.60% of the stock is currently owned by institutional investors.
A number of equities research analysts have commented on the company. Royal Bank of Canada reissued a “buy” rating and set a $18.00 price target on shares of Hostess Brands in a report on Friday, December 22nd. SunTrust Banks lifted their target price on Hostess Brands to $20.00 and gave the stock a “buy” rating in a report on Monday, December 18th. They noted that the move was a valuation call. Zacks Investment Research cut Hostess Brands from a “buy” rating to a “hold” rating in a report on Wednesday, November 15th. Morgan Stanley reduced their target price on Hostess Brands from $14.00 to $12.00 and set an “equal weight” rating on the stock in a report on Thursday, November 9th. Finally, UBS Group cut Hostess Brands from a “neutral” rating to a “sell” rating and reduced their target price for the stock from $16.00 to $11.00 in a report on Friday, October 13th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus price target of $16.89.
Hostess Brands Company Profile
Hostess Brands, Inc, a packaged food company, focuses on developing, manufacturing, marketing, selling, and distributing fresh sweet baked goods in the United States. The company operates in two segments, Sweet Baked Goods and Other. Its principal product lines include Twinkies, Zingers, Donettes, coffee cakes, cupcakes, cinnamon rolls, Ding Dongs, honey buns, fruit pies, Sno Balls, mini muffins, Chocodiles, Ho Hos, brownies, Suzy Qs, bread and buns, danishes, jumbo muffins, iced cookies, eclairs, and madeleines.