Shares of Hostess Brands, Inc. (NASDAQ:TWNK – Get 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.
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.
- Get a free copy of the StockNews.com research report on Hostess Brands (TWNK)
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