Insider Buying: Hostess Brands (TWNK) Insider Purchases 5,000 Shares of Stock
Hostess Brands (NASDAQ:TWNK) insider Michael John Cramer purchased 5,000 shares of the stock in a transaction dated Friday, August 11th. The shares were purchased at an average cost of $13.98 per share, for a total transaction of $69,900.00. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this link.
Hostess Brands (NASDAQ TWNK) traded up 1.51% on Tuesday, reaching $13.45. 1,618,178 shares of the company’s stock were exchanged. The company’s market capitalization is $1.34 billion. Hostess Brands has a 1-year low of $10.60 and a 1-year high of $17.18. The company has a 50 day moving average price of $15.50 and a 200-day moving average price of $15.74.
Hostess Brands (NASDAQ:TWNK) last issued its quarterly earnings results on Tuesday, August 8th. The company reported $0.18 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.19 by $0.01. The business had revenue of $203.18 million during the quarter, compared to analysts’ expectations of $205.41 million. On average, equities research analysts anticipate that Hostess Brands will post $0.60 earnings per share for the current year.
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A number of hedge funds have recently modified their holdings of TWNK. Apollo Management Holdings L.P. acquired a new stake in shares of Hostess Brands during the first quarter worth about $341,466,000. Wellington Management Group LLP raised its stake in shares of Hostess Brands by 73.2% in the first quarter. Wellington Management Group LLP now owns 12,404,218 shares of the company’s stock worth $196,854,000 after buying an additional 5,244,152 shares during the last quarter. Janus Henderson Group PLC acquired a new stake in shares of Hostess Brands during the second quarter worth about $118,956,000. Vanguard Group Inc. raised its stake in shares of Hostess Brands by 56.9% in the second quarter. Vanguard Group Inc. now owns 6,695,119 shares of the company’s stock worth $107,791,000 after buying an additional 2,428,469 shares during the last quarter. Finally, Victory Capital Management Inc. raised its stake in shares of Hostess Brands by 61.8% in the second quarter. Victory Capital Management Inc. now owns 6,264,825 shares of the company’s stock worth $100,863,000 after buying an additional 2,393,253 shares during the last quarter. 95.39% of the stock is currently owned by hedge funds and other institutional investors.
TWNK has been the topic of several recent research reports. Zacks Investment Research raised shares of Hostess Brands from a “sell” rating to a “hold” rating in a research report on Thursday, April 27th. Deutsche Bank AG set a $19.00 price target on shares of Hostess Brands and gave the company a “buy” rating in a research report on Wednesday, May 10th. Stephens initiated coverage on shares of Hostess Brands in a research report on Tuesday, May 16th. They set an “overweight” rating and a $20.00 price target on the stock. BidaskClub raised shares of Hostess Brands from a “hold” rating to a “buy” rating in a research report on Friday, June 9th. Finally, UBS AG initiated coverage on shares of Hostess Brands in a research report on Monday, July 31st. They set a “neutral” rating and a $16.00 price target on the stock. Two analysts have rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Hostess Brands currently has a consensus rating of “Buy” and an average target price of $17.83.
About Hostess Brands
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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