Insider Selling: Hostess Brands Inc (TWNK) Director Sells 1,834,300 Shares of Stock

Hostess Brands Inc (NASDAQ:TWNK) Director C. Dean Metropoulos sold 1,834,300 shares of the firm’s stock in a transaction dated Friday, May 17th. The shares were sold at an average price of $13.31, for a total value of $24,414,533.00. Following the sale, the director now owns 458,939 shares in the company, valued at $6,108,478.09. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website.

TWNK stock traded up $0.06 during midday trading on Friday, hitting $13.60. 1,332,601 shares of the company’s stock were exchanged, compared to its average volume of 934,069. The company has a quick ratio of 1.91, a current ratio of 2.19 and a debt-to-equity ratio of 0.62. Hostess Brands Inc has a 12-month low of $9.86 and a 12-month high of $14.70. The company has a market capitalization of $1.75 billion, a PE ratio of 25.19 and a beta of 0.55.

Hostess Brands (NASDAQ:TWNK) last posted its quarterly earnings data on Wednesday, May 8th. The company reported $0.14 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.14. Hostess Brands had a return on equity of 3.60% and a net margin of 6.96%. The company had revenue of $222.74 million for the quarter, compared to the consensus estimate of $210.90 million. As a group, sell-side analysts anticipate that Hostess Brands Inc will post 0.62 EPS for the current year.

Several equities research analysts recently commented on TWNK shares. BidaskClub upgraded Hostess Brands from a “hold” rating to a “buy” rating in a report on Thursday, January 17th. Zacks Investment Research upgraded Hostess Brands from a “sell” rating to a “hold” rating in a report on Wednesday, January 30th. TheStreet upgraded Hostess Brands from a “c+” rating to a “b-” rating in a report on Monday, March 4th. Deutsche Bank upgraded Hostess Brands from a “hold” rating to a “buy” rating and raised their target price for the company from $12.00 to $15.00 in a report on Tuesday, April 2nd. Finally, JPMorgan Chase & Co. reiterated an “overweight” rating and set a $14.00 target price on shares of Hostess Brands in a report on Thursday, May 9th. Five investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus price target of $14.14.

Hedge funds have recently bought and sold shares of the business. Vanguard Group Inc. increased its holdings in Hostess Brands by 5.5% during the 3rd quarter. Vanguard Group Inc. now owns 8,190,752 shares of the company’s stock worth $90,671,000 after purchasing an additional 428,147 shares during the last quarter. Geode Capital Management LLC increased its holdings in Hostess Brands by 16.5% during the 4th quarter. Geode Capital Management LLC now owns 1,145,342 shares of the company’s stock worth $12,530,000 after purchasing an additional 162,039 shares during the last quarter. JPMorgan Chase & Co. increased its holdings in Hostess Brands by 51.8% during the 3rd quarter. JPMorgan Chase & Co. now owns 129,308 shares of the company’s stock worth $1,432,000 after purchasing an additional 44,106 shares during the last quarter. Rothschild & Co. Asset Management US Inc. increased its holdings in Hostess Brands by 0.7% during the 4th quarter. Rothschild & Co. Asset Management US Inc. now owns 1,955,010 shares of the company’s stock worth $21,388,000 after purchasing an additional 14,198 shares during the last quarter. Finally, Federated Investors Inc. PA increased its holdings in Hostess Brands by 4.0% during the 3rd quarter. Federated Investors Inc. PA now owns 497,587 shares of the company’s stock worth $5,508,000 after purchasing an additional 19,358 shares during the last quarter. Institutional investors own 84.42% of the company’s stock.

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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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