Hostess Brands, Inc, a packaged food company, focuses on developing, manufacturing, marketing, selling, and distributing fresh sweet baked goods in the United States. Following the completion of the sale, the insider now owns 521,739 shares of the company's stock, valued at approximately $7,956,519.75. Hostess Brands, Inc. was founded in 1919 and is headquartered in Kansas City, Missouri.
A number of other institutional investors have also recently made changes to their positions in the stock.
Analysts await Hostess Brands, Inc. Days to cover increased from 13.0 to 14.0 and the percentage of shorted shares was 0.12% on September 15. Equities analysts expect that Hostess Brands will post $0.59 EPS for the current year.
On the other hand the company has Relative Strength Index (RSI 14) of 44.59 along with Average True Range (ATR 14) of 0.32, Consequently Hostess Brands Inc (NASDAQ:TWNK)'s weekly and monthly volatility is 2.61%, 2.22% respectively. Bank of New York Mellon Corp grew its stake in Hostess Brands by 15.2% in the first quarter. For the week, the stock is performing -4.48%. Sei Investments Co. acquired a new stake in shares of Hostess Brands in the 1st quarter valued at about $166,000. Company insiders own 25.50% of the company's stock. If you are viewing this piece of content on another domain, it was illegally stolen and reposted in violation of United States and worldwide copyright & trademark laws.
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In related news, CEO William Douglas Toler bought 75,000 shares of the company's stock in a transaction on Friday, August 11th. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.
About 2.18M shares traded or 186.15% up from the average. The disclosure for this sale can be found here. (NASDAQ:TWNK) has risen 69.90% since October 11, 2016 and is uptrending. The company reported $0.18 EPS for the quarter, missing the Zacks' consensus estimate of $0.19 by ($0.01). This estimate is provided by 8 analysts.
Several research analysts have weighed in on the stock.
Analysts at JP Morgan began coverage on shares of Hostess Brands (NDAQ:TWNK) in analysts note sent to investors and clients on Wednesday morning.
Additionally on 9/25/17 Morgan Stanley "Initiates Coverage On" Hostess Brands Inc (NASDAQ:TWNK) to Equal-Weight setting price target at $14 and on 7/31/17 UBS "Initiates Coverage On" the stock to Neutral at $16. Zacks Investment Research raised shares of Hostess Brands from a "sell" rating to a "hold" rating in a report on Tuesday, September 26th. They issued an "outperform" rating and a $16.00 target price on the stock. Nationwide Fund Advisors acquired a new stake in shares of Hostess Brands in the 1st quarter valued at about $345,000. They set a "strong-buy" rating and a $20.00 price objective for the company. The rating was initiated by Deutsche Bank with "Buy" on Wednesday, February 15. The company presently has an average rating of "Buy" and an average target price of $16.89. Out of 2 Wall Street analysts rating ADA-ES, 2 give it "Buy", 0 "Sell" rating, while 0 recommend "Hold". He also cited slowing category trends and market share loss in its Sweet Baked Goods unit.