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.
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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.
Hostess Brands (NASDAQ:TWNK – Get Rating) last announced its quarterly earnings results on Wednesday, November 2nd. The company reported $0.23 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.21 by $0.02. Hostess Brands had a net margin of 12.75% and a return on equity of 7.66%. The firm had revenue of $346.23 million for the quarter, compared to the consensus estimate of $322.43 million. During the same period in the prior year, the firm posted $0.21 earnings per share. The firm's quarterly revenue was up 20.2% compared to the same quarter last year. On average, analysts anticipate that Hostess Brands, Inc. will post 0.97 EPS for the current year.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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