Hostess Brands (NASDAQ:TWNK) Releases Quarterly Earnings Results, Misses Estimates By $0.01 EPS
Hostess Brands (NASDAQ:TWNK) released its quarterly earnings results on Tuesday. The company reported $0.18 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.19 by $0.01, reports.
Shares of Hostess Brands (NASDAQ:TWNK) traded down 1.37% during mid-day trading on Tuesday, reaching $15.11. The company’s stock had a trading volume of 1,646,730 shares. The company has a 50 day moving average price of $15.82 and a 200 day moving average price of $15.73. Hostess Brands has a 12 month low of $10.35 and a 12 month high of $17.18. The stock’s market capitalization is $1.50 billion.
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Several research firms recently commented on TWNK. Zacks Investment Research cut Hostess Brands from a “buy” rating to a “hold” rating in a research note on Tuesday. BidaskClub upgraded Hostess Brands from a “hold” rating to a “buy” rating in a research note on Friday, June 9th. Stephens initiated coverage on Hostess Brands in a research note on Tuesday, May 16th. They set an “overweight” rating and a $20.00 price objective on the stock. UBS AG initiated coverage on Hostess Brands in a research note on Monday, July 31st. They set a “neutral” rating and a $16.00 price objective on the stock. Finally, Deutsche Bank AG set a $19.00 price objective on Hostess Brands and gave the company a “buy” rating in a research note on Wednesday, May 10th. Two analysts have rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating to the company. The stock has an average rating of “Buy” and a consensus target price of $17.83.
In related news, insider Cdm Hostess Class C, Llc sold 330,000 shares of the stock in a transaction dated Wednesday, June 14th. The shares were sold at an average price of $16.44, for a total value of $5,425,200.00. Following the completion of the sale, the insider now owns 195,000 shares in the company, valued at $3,205,800. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider William Douglas Toler bought 50,000 shares of Hostess Brands stock in a transaction that occurred on Wednesday, May 31st. The stock was bought at an average price of $15.85 per share, with a total value of $792,500.00. Following the purchase, the insider now owns 485,000 shares of the company’s stock, valued at approximately $7,687,250. The disclosure for this purchase can be found here. 25.50% of the stock is currently owned by company insiders.
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