Hostess Brands Inc (NASDAQ:TWNK) Director C. Dean Metropoulos Sells 455,400 Shares of Stock

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Hostess Brands Inc (NASDAQ:TWNK) Director C. Dean Metropoulos sold 455,400 shares of the company’s stock in a transaction dated Thursday, August 15th. The stock was sold at an average price of $14.00, for a total transaction of $6,375,600.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

NASDAQ:TWNK opened at $13.96 on Friday. The company’s 50 day moving average price is $14.36 and its 200-day moving average price is $13.16. Hostess Brands Inc has a 52 week low of $9.86 and a 52 week high of $14.86. The company has a quick ratio of 1.96, a current ratio of 2.22 and a debt-to-equity ratio of 0.62. The stock has a market cap of $1.77 billion, a price-to-earnings ratio of 25.85 and a beta of 0.55.

Hostess Brands (NASDAQ:TWNK) last posted its quarterly earnings results on Wednesday, August 7th. The company reported $0.17 EPS for the quarter, beating the Zacks’ consensus estimate of $0.15 by $0.02. Hostess Brands had a net margin of 5.89% and a return on equity of 3.82%. The firm had revenue of $241.10 million for the quarter, compared to analysts’ expectations of $225.98 million. During the same quarter in the prior year, the company posted $0.14 earnings per share. The business’s revenue for the quarter was up 11.7% on a year-over-year basis. As a group, sell-side analysts anticipate that Hostess Brands Inc will post 0.62 earnings per share for the current year.

A number of equities research analysts have weighed in on TWNK shares. DA Davidson started coverage on shares of Hostess Brands in a report on Wednesday, June 19th. They issued a “buy” rating and a $16.00 price objective on the stock. Evercore ISI started coverage on shares of Hostess Brands in a report on Tuesday, June 11th. They issued an “outperform” rating and a $16.00 price objective on the stock. Morgan Stanley upped their price objective on shares of Hostess Brands from $13.00 to $14.00 and gave the stock an “equal weight” rating in a report on Wednesday, July 17th. JPMorgan Chase & Co. restated an “overweight” rating and issued a $14.00 price objective on shares of Hostess Brands in a report on Thursday, May 9th. Finally, TheStreet cut shares of Hostess Brands from a “b” rating to a “f” rating in a report on Thursday, July 18th. Five analysts have rated the stock with a hold rating and six have given a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus price target of $14.78.

Large investors have recently bought and sold shares of the company. Norges Bank purchased a new stake in shares of Hostess Brands during the fourth quarter valued at approximately $11,053,000. Two Sigma Advisers LP grew its holdings in shares of Hostess Brands by 71.1% during the fourth quarter. Two Sigma Advisers LP now owns 27,200 shares of the company’s stock valued at $298,000 after buying an additional 11,300 shares during the last quarter. Legal & General Group Plc grew its holdings in shares of Hostess Brands by 28.5% during the fourth quarter. Legal & General Group Plc now owns 45,898 shares of the company’s stock valued at $503,000 after buying an additional 10,189 shares during the last quarter. Wells Fargo & Company MN lifted its position in Hostess Brands by 6.9% during the first quarter. Wells Fargo & Company MN now owns 3,216,646 shares of the company’s stock valued at $40,209,000 after purchasing an additional 207,051 shares during the period. Finally, Bessemer Group Inc. lifted its position in Hostess Brands by 108.1% during the second quarter. Bessemer Group Inc. now owns 144,200 shares of the company’s stock valued at $2,082,000 after purchasing an additional 74,900 shares during the period. Hedge funds and other institutional investors own 85.48% of the company’s stock.

Hostess Brands Company Profile

Hostess Brands, Inc, a packaged food company, develops, manufactures, markets, sells, and distributes fresh sweet baked goods in the United States. It primarily offer a range of snack cakes, donuts, sweet rolls, breakfast pastries, snack pies, and related products. The company operates in two segments, Sweet Baked Goods and In-Store Bakery.

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