California State Teachers Retirement System bought a new position in shares of Hostess Brands (NASDAQ:TWNK) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 141,800 shares of the company’s stock, valued at approximately $2,283,000. California State Teachers Retirement System owned approximately 0.14% of Hostess Brands as of its most recent filing with the Securities and Exchange Commission.
A number of other hedge funds and other institutional investors have also bought and sold shares of TWNK. BNP Paribas Arbitrage SA grew its stake in shares of Hostess Brands by 896.1% during the 2nd quarter. BNP Paribas Arbitrage SA now owns 9,881 shares of the company’s stock worth $159,000 after acquiring an additional 8,889 shares in the last quarter. Amalgamated Bank bought a new position in shares of Hostess Brands during the 2nd quarter worth approximately $170,000. KCG Holdings Inc. bought a new position in shares of Hostess Brands during the 1st quarter worth approximately $187,000. First Personal Financial Services grew its stake in shares of Hostess Brands by 76.7% during the 2nd quarter. First Personal Financial Services now owns 11,760 shares of the company’s stock worth $189,000 after acquiring an additional 5,103 shares in the last quarter. Finally, UBS Asset Management Americas Inc. bought a new position in shares of Hostess Brands during the 2nd quarter worth approximately $199,000. 75.60% of the stock is owned by institutional investors and hedge funds.
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Several brokerages have recently weighed in on TWNK. Zacks Investment Research raised shares of Hostess Brands from a “sell” rating to a “hold” rating in a research note on Tuesday, September 26th. Royal Bank Of Canada began coverage on shares of Hostess Brands in a research note on Monday, September 18th. They set an “outperform” rating and a $16.00 price target for the company. Morgan Stanley decreased their price target on shares of Hostess Brands from $14.00 to $12.00 and set an “equal weight” rating for the company in a research note on Thursday, November 9th. UBS AG began coverage on shares of Hostess Brands in a research note on Monday, July 31st. They set a “neutral” rating and a $16.00 price target for the company. Finally, J P Morgan Chase & Co started coverage on shares of Hostess Brands in a research note on Wednesday, October 11th. They set a “neutral” rating and a $15.00 price target for the company. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and an average price target of $16.25.
Shares of Hostess Brands (NASDAQ TWNK) opened at $12.64 on Tuesday. The company has a current ratio of 2.18, a quick ratio of 1.88 and a debt-to-equity ratio of 0.77. Hostess Brands has a twelve month low of $11.00 and a twelve month high of $17.18.
Hostess Brands (NASDAQ:TWNK) last released its quarterly earnings data on Wednesday, November 8th. The company reported $0.14 EPS for the quarter, beating the consensus estimate of $0.13 by $0.01. The company had revenue of $192.30 million during the quarter, compared to the consensus estimate of $198.42 million. Hostess Brands had a return on equity of 1.16% and a net margin of 2.58%. The business’s revenue was down 2.0% on a year-over-year basis. equities research analysts predict that Hostess Brands will post 0.6 EPS for the current fiscal year.
Hostess Brands Company Profile
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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