Public Employees Retirement Association of Colorado purchased a new stake in shares of Hostess Brands, Inc. (NASDAQ:TWNK – Get Rating) in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 18,006 shares of the company's stock, valued at approximately $382,000.

Other hedge funds have also modified their holdings of the company. James Investment Research Inc. bought a new position in shares of Hostess Brands during the 2nd quarter worth approximately $34,000. CoreCap Advisors LLC acquired a new position in shares of Hostess Brands during the second quarter worth $40,000. C M Bidwell & Associates Ltd. purchased a new stake in shares of Hostess Brands during the 2nd quarter valued at $47,000. Robeco Institutional Asset Management B.V. boosted its position in shares of Hostess Brands by 363.6% in the 2nd quarter. Robeco Institutional Asset Management B.V. now owns 3,449 shares of the company's stock worth $73,000 after purchasing an additional 2,705 shares in the last quarter. Finally, EverSource Wealth Advisors LLC grew its stake in Hostess Brands by 1,391.6% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 3,923 shares of the company's stock worth $84,000 after buying an additional 3,660 shares during the last quarter.

Hostess Brands Stock Performance

TWNK opened at $24.68 on Monday. The company has a current ratio of 2.08, a quick ratio of 1.81 and a debt-to-equity ratio of 0.61. Hostess Brands, Inc. has a 12-month low of $18.42 and a 12-month high of $29.00. The firm has a 50 day moving average of $25.74 and a two-hundred day moving average of $23.35. The firm has a market capitalization of $3.30 billion, a PE ratio of 20.57 and a beta of 0.56.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on the company. StockNews.com assumed coverage on Hostess Brands in a research note on Wednesday, October 12th. They issued a "hold" rating for the company. JPMorgan Chase & Co. increased their price objective on shares of Hostess Brands from $26.00 to $29.00 and gave the company an "overweight" rating in a research report on Thursday, November 3rd. Morgan Stanley boosted their target price on shares of Hostess Brands from $26.00 to $30.00 and gave the stock an "overweight" rating in a research report on Thursday, November 3rd. Finally, Credit Suisse Group raised their price target on shares of Hostess Brands from $26.00 to $29.00 and gave the stock an "outperform" rating in a report on Thursday, November 3rd. Two investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company's stock. According to data from MarketBeat, Hostess Brands currently has an average rating of "Moderate Buy" and an average target price of $27.43.

About Hostess Brands

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Hostess Brands, Inc, a packaged food company, develops, manufactures, markets, sells, and distributes snack products in the United States. 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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