17,486 Shares in Hostess Brands (TWNK) Acquired by Janus Capital Management LLC
Janus Capital Management LLC acquired a new stake in Hostess Brands (NASDAQ:TWNK) during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 17,486 shares of the company’s stock, valued at approximately $278,000.
Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Parametric Portfolio Associates LLC acquired a new position in Hostess Brands during the first quarter valued at approximately $5,720,000. Ameriprise Financial Inc. boosted its stake in Hostess Brands by 194.2% in the first quarter. Ameriprise Financial Inc. now owns 343,026 shares of the company’s stock valued at $5,444,000 after buying an additional 226,424 shares in the last quarter. First Personal Financial Services purchased a new stake in Hostess Brands during the first quarter valued at about $106,000. TD Asset Management Inc. purchased a new stake in Hostess Brands during the first quarter valued at about $31,586,000. Finally, Sei Investments Co. purchased a new stake in Hostess Brands during the first quarter valued at about $166,000. 95.39% of the stock is owned by institutional investors.
Hostess Brands (NASDAQ TWNK) traded up 2.63% during trading on Friday, hitting $13.68. 1,072,226 shares of the company traded hands. The company’s 50 day moving average is $15.24 and its 200-day moving average is $15.69. The stock’s market capitalization is $1.37 billion. Hostess Brands has a 52 week low of $10.65 and a 52 week high of $17.18.
Hostess Brands (NASDAQ:TWNK) last released its quarterly earnings results on Tuesday, August 8th. The company reported $0.18 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.19 by $0.01. The company had revenue of $203.18 million for the quarter, compared to the consensus estimate of $205.41 million. Analysts predict that Hostess Brands will post $0.59 earnings per share for the current year.
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Several research firms have issued reports on TWNK. Zacks Investment Research upgraded shares of Hostess Brands from a “sell” rating to a “hold” rating in a research note on Thursday, April 27th. BidaskClub upgraded shares of Hostess Brands from a “hold” rating to a “buy” rating in a research note on Friday, June 9th. Stephens started coverage on shares of Hostess Brands in a research note on Tuesday, May 16th. They issued an “overweight” rating and a $20.00 target price on the stock. UBS AG started coverage on shares of Hostess Brands in a research report on Monday, July 31st. They set a “neutral” rating and a $16.00 price objective on the stock. Finally, Deutsche Bank AG set a $19.00 price objective on shares of Hostess Brands and gave the company a “buy” rating in a research report on Wednesday, May 10th. Two analysts have rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company. The company presently has an average rating of “Buy” and an average target price of $17.83.
In other news, insider Michael John Cramer bought 5,000 shares of Hostess Brands stock in a transaction dated Friday, August 11th. The shares were acquired at an average price of $13.98 per share, with a total value of $69,900.00. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider William Douglas Toler bought 50,000 shares of Hostess Brands stock in a transaction dated Wednesday, May 31st. The stock was purchased at an average cost of $15.85 per share, for a total transaction of $792,500.00. Following the purchase, the insider now owns 485,000 shares of the company’s stock, valued at approximately $7,687,250. The disclosure for this purchase can be found here. In the last ninety days, insiders have purchased 130,000 shares of company stock worth $1,901,900. 25.50% of the stock is owned by insiders.
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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