HOSTESS BRANDS (TWNK) Rating Lowered to Sell at Zacks Investment Research
According to Zacks, “Hostess Brands, Inc. is involved in developing, manufacturing, marketing, selling and distributing sweet goods primarily in the United States. The company produces new and classic treats which includes Ding Dongs, Ho Hos, Donettes, Fruit Pies as well as Twinkies and CupCakes. Hostess Brands, Inc. is based in Kansas City, Missouri. “
Separately, SunTrust Banks, Inc. assumed coverage on HOSTESS BRANDS in a research report on Monday, November 7th. They set a “buy” rating and a $15.00 price objective for the company.
Shares of HOSTESS BRANDS (NASDAQ:TWNK) opened at 13.78 on Wednesday. HOSTESS BRANDS has a 52-week low of $9.50 and a 52-week high of $13.50. The firm’s 50 day moving average is $12.86 and its 200 day moving average is $11.32. The stock’s market capitalization is $159.06 million.
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In related news, Director Mark Stone sold 54,465 shares of the firm’s stock in a transaction dated Wednesday, December 7th. The stock was sold at an average price of $12.55, for a total transaction of $683,535.75. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Neil P. Defeo acquired 5,000 shares of the business’s stock in a transaction that occurred on Friday, December 2nd. The shares were acquired at an average cost of $12.60 per share, with a total value of $63,000.00. Following the completion of the transaction, the director now directly owns 7,000 shares in the company, valued at approximately $88,200. The disclosure for this purchase can be found here. Corporate insiders own 31.20% of the company’s stock.
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