Russell Investments Group Ltd. decreased its position in Hostess Brands, Inc. (NASDAQ:TWNK) by 10.5% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 613,230 shares of the company’s stock after selling 72,153 shares during the quarter. Russell Investments Group Ltd. owned 0.47% of Hostess Brands worth $8,377,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Janus Henderson Group PLC bought a new stake in shares of Hostess Brands in the 2nd quarter worth about $118,956,000. Vanguard Group Inc. grew its holdings in shares of Hostess Brands by 56.9% in the 2nd quarter. Vanguard Group Inc. now owns 6,695,119 shares of the company’s stock worth $107,791,000 after purchasing an additional 2,428,469 shares during the last quarter. Victory Capital Management Inc. grew its holdings in shares of Hostess Brands by 61.8% in the 2nd quarter. Victory Capital Management Inc. now owns 6,264,825 shares of the company’s stock worth $100,863,000 after purchasing an additional 2,393,253 shares during the last quarter. Franklin Resources Inc. bought a new stake in shares of Hostess Brands in the 2nd quarter worth about $87,922,000. Finally, Westwood Holdings Group Inc. bought a new stake in shares of Hostess Brands in the 2nd quarter worth about $27,074,000. 78.60% of the stock is currently owned by institutional investors and hedge funds.
Shares of Hostess Brands, Inc. (TWNK) opened at $14.37 on Thursday. Hostess Brands, Inc. has a fifty-two week low of $11.00 and a fifty-two week high of $17.18. The company has a debt-to-equity ratio of 0.77, a current ratio of 2.18 and a quick ratio of 1.88.
Hostess Brands (NASDAQ:TWNK) last issued its quarterly earnings data on Wednesday, November 8th. The company reported $0.14 EPS for the quarter, topping analysts’ consensus estimates of $0.13 by $0.01. Hostess Brands had a net margin of 2.58% and a return on equity of 1.16%. The firm had revenue of $192.30 million for the quarter, compared to analyst estimates of $198.42 million. The business’s quarterly revenue was down 2.0% on a year-over-year basis. research analysts expect that Hostess Brands, Inc. will post 0.6 earnings per share for the current year.
In other Hostess Brands news, Director Neil P. Defeo bought 10,000 shares of the business’s stock in a transaction on Friday, November 24th. The shares were bought at an average cost of $12.96 per share, for a total transaction of $129,600.00. Following the transaction, the director now owns 16,482 shares in the company, valued at approximately $213,606.72. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO William Douglas Toler bought 50,000 shares of the business’s stock in a transaction on Friday, November 24th. The shares were acquired at an average price of $12.88 per share, for a total transaction of $644,000.00. Following the completion of the transaction, the chief executive officer now owns 250,000 shares in the company, valued at approximately $3,220,000. The disclosure for this purchase can be found here. Corporate insiders own 25.50% of the company’s stock.
Several equities research analysts have recently weighed in on TWNK shares. Zacks Investment Research raised shares of Hostess Brands from a “sell” rating to a “hold” rating in a report on Wednesday, October 25th. UBS lowered shares of Hostess Brands from a “neutral” rating to a “sell” rating and decreased their price objective for the stock from $16.00 to $11.00 in a report on Friday, October 13th. Royal Bank Of Canada initiated coverage on shares of Hostess Brands in a report on Monday, September 18th. They set an “outperform” rating and a $16.00 price objective on the stock. J P Morgan Chase & Co initiated coverage on shares of Hostess Brands in a report on Wednesday, October 11th. They set a “neutral” rating and a $15.00 price objective on the stock. Finally, Morgan Stanley initiated coverage on shares of Hostess Brands in a report on Monday, September 25th. They set an “equal weight” rating and a $14.00 price objective on the stock. One analyst has rated the stock with a sell rating, three have issued a hold rating, four have given a buy rating and one has given a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average price target of $16.25.
About Hostess Brands
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.
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