Kenmare Capital Partners L.L.C. bought a new position in Hostess Brands, Inc. (NASDAQ:TWNK) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 124,282 shares of the company’s stock, valued at approximately $1,841,000. Hostess Brands comprises about 2.0% of Kenmare Capital Partners L.L.C.’s portfolio, making the stock its 14th largest position. Kenmare Capital Partners L.L.C. owned 0.10% of Hostess Brands as of its most recent filing with the Securities and Exchange Commission (SEC).
Other institutional investors and hedge funds have also bought and sold shares of the company. Segall Bryant & Hamill LLC bought a new stake in shares of Hostess Brands during the third quarter worth approximately $150,000. ArrowMark Colorado Holdings LLC bought a new stake in shares of Hostess Brands during the fourth quarter worth approximately $158,000. Amalgamated Bank bought a new stake in shares of Hostess Brands during the fourth quarter worth approximately $159,000. JPMorgan Chase & Co. raised its stake in shares of 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 buying an additional 9,109 shares during the last quarter. Finally, Cipher Capital LP bought a new stake in shares of Hostess Brands during the third quarter worth approximately $167,000. 80.73% of the stock is owned by institutional investors and hedge funds.
Several equities research analysts have commented on TWNK shares. Zacks Investment Research downgraded shares of Hostess Brands from a “buy” rating to a “hold” rating in a research note on Wednesday, November 15th. BidaskClub downgraded shares of Hostess Brands from a “sell” rating to a “strong sell” rating in a research note on Saturday, February 3rd. Royal Bank of Canada reaffirmed a “buy” rating and issued a $18.00 target price on shares of Hostess Brands in a research note on Friday, December 22nd. TheStreet raised shares of Hostess Brands from a “c” rating to a “b-” rating in a research note on Thursday, February 8th. Finally, SunTrust Banks upped their target price on shares of Hostess Brands to $20.00 and gave the company a “buy” rating in a research note on Monday, December 18th. They noted that the move was a valuation call. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and four have given a buy rating to the stock. Hostess Brands currently has a consensus rating of “Hold” and an average price target of $16.63.
Shares of Hostess Brands, Inc. (TWNK) opened at $14.63 on Wednesday. Hostess Brands, Inc. has a 12 month low of $11.00 and a 12 month high of $17.18. The company has a quick ratio of 1.91, a current ratio of 2.18 and a debt-to-equity ratio of 0.67. The company has a market cap of $1,898.31, a P/E ratio of 24.73 and a beta of 1.07.
Hostess Brands (NASDAQ:TWNK) last issued its earnings results on Wednesday, February 28th. The company reported $0.17 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.14 by $0.03. The firm had revenue of $196.22 million during the quarter, compared to the consensus estimate of $194.10 million. Hostess Brands had a net margin of 28.85% and a return on equity of 4.68%. The business’s quarterly revenue was up 9.7% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.14 earnings per share. equities research analysts forecast that Hostess Brands, Inc. will post 0.69 EPS for the current fiscal year.
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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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