Stifel Financial Corp Buys Shares of 88,849 Hostess Brands (TWNK)
Stifel Financial Corp bought a new position in Hostess Brands (NASDAQ:TWNK) during the 2nd quarter, according to its most recent filing with the SEC. The institutional investor bought 88,849 shares of the company’s stock, valued at approximately $1,428,000. Stifel Financial Corp owned approximately 0.09% of Hostess Brands at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also recently bought and sold shares of TWNK. Nationwide Fund Advisors purchased a new stake in Hostess Brands in the 1st quarter worth approximately $345,000. Bank of New York Mellon Corp lifted its stake in Hostess Brands by 15.2% in the 1st quarter. Bank of New York Mellon Corp now owns 93,962 shares of the company’s stock worth $1,492,000 after purchasing an additional 12,401 shares in the last quarter. Sei Investments Co. purchased a new stake in Hostess Brands in the 1st quarter worth approximately $166,000. Ameriprise Financial Inc. lifted its stake in Hostess Brands by 194.2% in the 1st quarter. Ameriprise Financial Inc. now owns 343,026 shares of the company’s stock worth $5,444,000 after purchasing an additional 226,424 shares in the last quarter. Finally, SG Americas Securities LLC purchased a new stake in Hostess Brands in the 1st quarter worth approximately $624,000. Institutional investors and hedge funds own 77.51% of the company’s stock.
Hostess Brands (TWNK) opened at 11.70 on Thursday. The company’s market cap is $1.17 billion. Hostess Brands has a one year low of $11.00 and a one year high of $17.18. The stock has a 50 day moving average of $13.39 and a 200-day moving average of $15.09.
Hostess Brands (NASDAQ:TWNK) last released its earnings results on Tuesday, August 8th. The company reported $0.18 EPS for the quarter, missing the consensus estimate of $0.19 by ($0.01). The firm had revenue of $203.18 million for the quarter, compared to analysts’ expectations of $205.41 million. On average, equities analysts predict that Hostess Brands will post $0.59 EPS for the current fiscal year.
Several analysts have issued reports on the stock. UBS AG cut shares of Hostess Brands from a “neutral” rating to a “sell” rating and lowered their target price for the stock from $16.00 to $11.00 in a research note on Friday, October 13th. J P Morgan Chase & Co assumed coverage on shares of Hostess Brands in a research note on Wednesday, October 11th. They issued a “neutral” rating and a $15.00 target price on the stock. Zacks Investment Research upgraded shares of Hostess Brands from a “sell” rating to a “hold” rating in a research note on Tuesday, September 26th. Morgan Stanley assumed coverage on shares of Hostess Brands in a research note on Monday, September 25th. They issued an “equal weight” rating and a $14.00 target price on the stock. Finally, Royal Bank Of Canada assumed coverage on shares of Hostess Brands in a research note on Monday, September 18th. They issued an “outperform” rating and a $16.00 target price on the stock. One research analyst has rated the stock with a sell rating, three have assigned a hold rating, five have given a buy rating and one has given a strong buy rating to the stock. The company presently has an average rating of “Buy” and a consensus target price of $16.33.
In related news, insider Michael John Cramer bought 5,000 shares of the stock in a transaction dated Friday, August 11th. The shares were purchased at an average price of $13.98 per share, with a total value of $69,900.00. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO William Douglas Toler bought 75,000 shares of the stock in a transaction dated Friday, August 11th. The stock was bought at an average cost of $13.86 per share, for a total transaction of $1,039,500.00. Following the acquisition, the chief executive officer now directly owns 560,000 shares of the company’s stock, valued at approximately $7,761,600. The disclosure for this purchase can be found here. 25.50% of the stock is currently 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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