Goldman Sachs Group Inc. Has $904,000 Stake in HOSTESS BRANDS (TWNK)
Goldman Sachs Group Inc. decreased its holdings in shares of HOSTESS BRANDS (NASDAQ:TWNK) by 86.0% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 56,179 shares of the company’s stock after selling 345,121 shares during the quarter. Goldman Sachs Group Inc. owned about 0.06% of HOSTESS BRANDS worth $904,000 at the end of the most recent quarter.
Several other large investors have also modified their holdings of TWNK. Franklin Resources Inc. acquired a new stake in shares of HOSTESS BRANDS during the 2nd quarter worth approximately $87,922,000. Vanguard Group Inc. grew its position in shares of HOSTESS BRANDS by 834.4% during the 1st quarter. Vanguard Group Inc. now owns 4,266,650 shares of the company’s stock worth $67,711,000 after buying an additional 3,810,050 shares during the period. Victory Capital Management Inc. grew its position in shares of HOSTESS BRANDS by 61.8% during the 2nd quarter. Victory Capital Management Inc. now owns 6,264,825 shares of the company’s stock worth $100,863,000 after buying an additional 2,393,253 shares during the period. Marshall Wace North America L.P. acquired a new stake in shares of HOSTESS BRANDS during the 2nd quarter worth approximately $26,466,000. Finally, Emerald Advisers Inc. PA acquired a new stake in shares of HOSTESS BRANDS during the 2nd quarter worth approximately $25,625,000. Institutional investors own 76.17% of the company’s stock.
In related news, insider Michael John Cramer purchased 5,000 shares of the business’s stock in a transaction on Friday, August 11th. The shares were purchased at an average price of $13.98 per share, with a total value of $69,900.00. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO William Douglas Toler purchased 75,000 shares of the business’s stock in a transaction on Friday, August 11th. The stock was bought at an average cost of $13.86 per share, for a total transaction of $1,039,500.00. Following the purchase, the chief executive officer now owns 560,000 shares of the company’s stock, valued at approximately $7,761,600. The disclosure for this purchase can be found here. 25.50% of the stock is currently owned by insiders.
Several brokerages have recently commented on TWNK. Zacks Investment Research cut shares of HOSTESS BRANDS from a “buy” rating to a “hold” rating in a research report on Tuesday, August 8th. Royal Bank Of Canada restated a “buy” rating and set a $16.00 price objective on shares of HOSTESS BRANDS in a report on Wednesday, October 25th. Morgan Stanley assumed coverage on shares of HOSTESS BRANDS in a report on Monday, September 25th. They set an “equal weight” rating and a $14.00 price objective for the company. J P Morgan Chase & Co assumed coverage on shares of HOSTESS BRANDS in a report on Wednesday, October 11th. They set a “neutral” rating and a $15.00 price objective for the company. 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 price objective for the company. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, five have issued a buy rating and one has given a strong buy rating to the company. HOSTESS BRANDS currently has a consensus rating of “Buy” and a consensus target price of $16.33.
HOSTESS BRANDS (TWNK) opened at $11.53 on Tuesday. The company has a quick ratio of 1.71, a current ratio of 2.04 and a debt-to-equity ratio of 0.78. HOSTESS BRANDS has a 1-year low of $11.20 and a 1-year high of $17.18.
HOSTESS BRANDS (NASDAQ:TWNK) last issued its quarterly earnings data on Tuesday, August 8th. The company reported $0.18 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.19 by ($0.01). The company had revenue of $203.18 million for the quarter, compared to analysts’ expectations of $205.41 million. analysts forecast that HOSTESS BRANDS will post 0.6 earnings per share 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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