Hostess Brands (NASDAQ:TWNK) Sets New 12-Month High at $23.70

Shares of Hostess Brands, Inc. (NASDAQ:TWNKGet Rating) hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as $23.70 and last traded at $23.70, with a volume of 18151 shares traded. The stock had previously closed at $23.31.

A number of equities research analysts recently issued reports on TWNK shares. Truist Financial increased their price objective on Hostess Brands from $20.00 to $25.00 and gave the stock a “buy” rating in a research report on Wednesday, March 2nd. Zacks Investment Research downgraded Hostess Brands from a “buy” rating to a “hold” rating in a research report on Saturday, March 5th. Credit Suisse Group raised their price target on Hostess Brands from $22.00 to $25.00 and gave the company an “outperform” rating in a research report on Thursday, March 3rd. Deutsche Bank Aktiengesellschaft raised their price target on Hostess Brands from $21.00 to $23.00 and gave the company a “hold” rating in a research report on Wednesday, March 2nd. Finally, Morgan Stanley raised their price target on Hostess Brands from $22.00 to $24.00 in a research report on Tuesday, January 11th. Three equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Buy” and an average target price of $24.88.

The stock has a market cap of $3.30 billion, a PE ratio of 27.75 and a beta of 0.68. The company has a fifty day moving average price of $21.53 and a 200 day moving average price of $19.92. The company has a quick ratio of 2.11, a current ratio of 2.38 and a debt-to-equity ratio of 0.64.

Hostess Brands (NASDAQ:TWNKGet Rating) last posted its earnings results on Tuesday, March 1st. The company reported $0.25 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.23 by $0.02. The company had revenue of $297.20 million for the quarter, compared to analysts’ expectations of $282.89 million. Hostess Brands had a return on equity of 7.24% and a net margin of 10.45%. Hostess Brands’s quarterly revenue was up 16.1% on a year-over-year basis. During the same period last year, the firm earned $0.21 earnings per share. As a group, research analysts predict that Hostess Brands, Inc. will post 0.97 earnings per share for the current year.

Several hedge funds have recently added to or reduced their stakes in TWNK. Allspring Global Investments Holdings LLC purchased a new position in shares of Hostess Brands during the fourth quarter valued at approximately $72,570,000. abrdn plc purchased a new position in Hostess Brands in the 4th quarter worth approximately $42,237,000. Man Group plc raised its holdings in Hostess Brands by 50.6% in the 3rd quarter. Man Group plc now owns 4,238,709 shares of the company’s stock worth $73,626,000 after acquiring an additional 1,423,607 shares during the last quarter. Norges Bank purchased a new position in Hostess Brands in the 4th quarter worth approximately $27,320,000. Finally, Earnest Partners LLC purchased a new position in Hostess Brands in the 4th quarter worth approximately $26,680,000.

About Hostess Brands (NASDAQ:TWNK)

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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