Hostess Brands (TWNK) Announces Earnings Results
Hostess Brands (NASDAQ:TWNK) posted its quarterly earnings results on Tuesday. The company reported $0.18 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.19 by $0.01, reports.
Shares of Hostess Brands (NASDAQ:TWNK) traded down 1.37% during midday trading on Tuesday, hitting $15.11. The stock had a trading volume of 1,646,730 shares. Hostess Brands has a one year low of $10.35 and a one year high of $17.18. The company’s market cap is $1.50 billion. The stock has a 50 day moving average of $15.82 and a 200-day moving average of $15.73.
A number of equities research analysts have issued reports on TWNK shares. Zacks Investment Research raised Hostess Brands from a “sell” rating to a “hold” rating in a research report on Friday, April 14th. Deutsche Bank AG set a $19.00 price target on Hostess Brands and gave the company a “buy” rating in a research report on Wednesday, May 10th. Stephens started coverage on Hostess Brands in a research report on Tuesday, May 16th. They issued an “overweight” rating and a $20.00 price target on the stock. BidaskClub raised Hostess Brands from a “hold” rating to a “buy” rating in a research report on Friday, June 9th. Finally, UBS AG started coverage on Hostess Brands in a research report on Monday, July 31st. They issued a “neutral” rating and a $16.00 price target on the stock. Two research analysts have rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the stock. The stock currently has an average rating of “Buy” and an average target price of $17.83.
In other Hostess Brands news, insider William Douglas Toler purchased 50,000 shares of the business’s stock in a transaction that occurred on Wednesday, May 31st. The shares were acquired at an average price of $15.85 per share, for a total transaction of $792,500.00. Following the completion of the purchase, the insider now owns 485,000 shares in the company, valued at approximately $7,687,250. The purchase was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider Cdm Hostess Class C, Llc sold 330,000 shares of the business’s stock in a transaction dated Wednesday, June 14th. The stock was sold at an average price of $16.44, for a total value of $5,425,200.00. Following the completion of the transaction, the insider now owns 195,000 shares in the company, valued at approximately $3,205,800. The disclosure for this sale can be found here. Insiders own 25.50% of the company’s stock.
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