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.
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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