Kenmare Capital Partners L.L.C. Purchases Shares of 124,282 Hostess Brands, Inc. (TWNK)
Kenmare Capital Partners L.L.C. purchased a new stake in Hostess Brands, Inc. (NASDAQ:TWNK) in the 4th quarter, HoldingsChannel reports. The institutional investor purchased 124,282 shares of the company’s stock, valued at approximately $1,841,000. Hostess Brands makes up 2.0% of Kenmare Capital Partners L.L.C.’s holdings, making the stock its 14th biggest holding.
Other institutional investors also recently added to or reduced their stakes in the company. Segall Bryant & Hamill LLC acquired a new position in Hostess Brands during the third quarter worth $150,000. ArrowMark Colorado Holdings LLC acquired a new position in Hostess Brands during the fourth quarter worth $158,000. Amalgamated Bank acquired a new position in Hostess Brands during the fourth quarter worth $159,000. JPMorgan Chase & Co. boosted its holdings in Hostess Brands by 340.8% during the third quarter. JPMorgan Chase & Co. now owns 11,782 shares of the company’s stock worth $161,000 after purchasing an additional 9,109 shares during the last quarter. Finally, Cipher Capital LP acquired a new position in Hostess Brands during the third quarter worth $167,000. Institutional investors own 80.73% of the company’s stock.
TWNK has been the subject of several recent research reports. TheStreet upgraded shares of Hostess Brands from a “c” rating to a “b-” rating in a report on Thursday, February 8th. Zacks Investment Research upgraded shares of Hostess Brands from a “hold” rating to a “buy” rating and set a $16.00 target price for the company in a report on Saturday, January 20th. Royal Bank of Canada reaffirmed a “buy” rating and set a $18.00 price target on shares of Hostess Brands in a research report on Friday, December 22nd. SunTrust Banks upped their price target on shares of Hostess Brands to $20.00 and gave the stock a “buy” rating in a research report on Monday, December 18th. They noted that the move was a valuation call. Finally, Morgan Stanley set a $14.00 price target on shares of Hostess Brands and gave the stock a “hold” rating in a research report on Thursday, March 1st. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and four have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $16.63.
Shares of Hostess Brands, Inc. (TWNK) opened at $14.63 on Wednesday. The company has a current ratio of 2.18, a quick ratio of 1.91 and a debt-to-equity ratio of 0.67. Hostess Brands, Inc. has a 1 year low of $11.00 and a 1 year high of $17.18. The stock has a market cap of $1,898.31, a price-to-earnings ratio of 24.73 and a beta of 1.07.
Hostess Brands (NASDAQ:TWNK) last posted its quarterly earnings results on Wednesday, February 28th. The company reported $0.17 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.14 by $0.03. Hostess Brands had a net margin of 28.85% and a return on equity of 4.68%. The firm had revenue of $196.22 million for the quarter, compared to analyst estimates of $194.10 million. During the same period in the prior year, the firm posted $0.14 earnings per share. The company’s quarterly revenue was up 9.7% compared to the same quarter last year. equities analysts anticipate that Hostess Brands, Inc. will post 0.69 EPS for the current fiscal year.
About Hostess Brands
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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