Hostess Brands (TWNK) Insider Michael John Cramer Acquires 5,000 Shares
Hostess Brands (NASDAQ:TWNK) insider Michael John Cramer bought 5,000 shares of Hostess Brands stock in a transaction on Friday, August 11th. The shares were acquired at an average cost of $13.98 per share, with a total value of $69,900.00. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
Shares of Hostess Brands (NASDAQ TWNK) traded up 1.51% during mid-day trading on Tuesday, reaching $13.45. 1,618,178 shares of the company’s stock were exchanged. The company’s 50-day moving average price is $15.50 and its 200-day moving average price is $15.74. Hostess Brands has a one year low of $10.60 and a one year high of $17.18. The company’s market capitalization is $1.34 billion.
Hostess Brands (NASDAQ:TWNK) last posted its earnings results on Tuesday, August 8th. The company reported $0.18 earnings per share 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 expect that Hostess Brands will post $0.60 earnings per share for the current year.
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A number of analysts have commented on the stock. Stephens assumed coverage on shares of Hostess Brands in a report on Tuesday, May 16th. They set an “overweight” rating and a $20.00 target price for the company. Zacks Investment Research raised shares of Hostess Brands from a “sell” rating to a “hold” rating in a report on Friday, May 26th. Deutsche Bank AG set a $19.00 target price on shares of Hostess Brands and gave the company a “buy” rating in a report on Wednesday, May 10th. BidaskClub raised shares of Hostess Brands from a “hold” rating to a “buy” rating in a report on Friday, June 9th. Finally, UBS AG assumed coverage on shares of Hostess Brands in a report on Monday, July 31st. They set a “neutral” rating and a $16.00 target price for the company. Two investment analysts have rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the stock. The company currently has an average rating of “Buy” and a consensus price target of $17.83.
Several institutional investors have recently bought and sold shares of the stock. First Personal Financial Services purchased a new position in Hostess Brands during the first quarter valued at $106,000. Ameritas Investment Partners Inc. purchased a new position in Hostess Brands during the second quarter valued at $113,000. First Mercantile Trust Co. purchased a new position in Hostess Brands during the first quarter valued at $141,000. First Trust Bank Ltd. purchased a new position in Hostess Brands during the first quarter valued at $159,000. Finally, BNP Paribas Arbitrage SA raised its position in Hostess Brands by 896.1% in the second quarter. BNP Paribas Arbitrage SA now owns 9,881 shares of the company’s stock valued at $159,000 after buying an additional 8,889 shares during the period. 95.39% of the stock is owned by hedge funds and other institutional investors.
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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