|Bid||13.93 x 800|
|Ask||13.94 x 3000|
|Day's Range||13.88 - 14.13|
|52 Week Range||9.86 - 14.86|
|Beta (3Y Monthly)||0.51|
|PE Ratio (TTM)||27.38|
|Earnings Date||Nov 5, 2019 - Nov 11, 2019|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||16.00|
Hostess Brands, Inc. (the “Company”) (TWNK) today announced the closing of a public offering of 12 million shares of its Class A common stock, at $14.00 per share, by C. Dean Metropoulos, the Company’s Chairman, and entities controlled by him. The Company did not issue shares in the offering and did not receive any proceeds from the sale of the shares by the selling stockholders in this offering. Morgan Stanley & Co. LLC acted as the sole book-running manager for the offering.
Hostess Brands shares are almost 5% lower on Tuesday after the baked-goods icon said Chairman C. Dean Metropoulos would sell 12 million Class A shares. A Securities and Exchange Commission filing didn't say why Metropoulos was selling the shares. The Kansas City, Mo., company, whose namesake cupcakes just turned 100 years old, isn't issuing shares in the offering and won't receive any proceeds.
Hostess Brands, Inc. (the “Company”) (TWNK) today announced the launch of a public offering of 12 million shares of its Class A common stock held by C. Dean Metropoulos, the Company’s Chairman, and entities controlled by him. The Company will not issue shares in the offering and will not receive any proceeds from the sale of the shares by the selling stockholders in this offering. Morgan Stanley & Co. LLC is acting as the sole book-running manager for the offering and proposes to offer the shares of Class A common stock from time to time for sale in one or more transactions on the Nasdaq Capital Market, in the over-the-counter market, through negotiated transactions or otherwise at prevailing market prices, at prices related to prevailing market prices or at negotiated prices.
Growth is the word of the week, with a long look at our Fast 50 list of the area's fastest-growing companies. We'll also look at a fintech company that's adding investment money at a record pace and an expansion that will bring hundreds of jobs.
Kansas City-based Hostess Brands LLC now has its sights set on Kansas in more ways than one. During a Wednesday afternoon earnings call, the Twinkies-maker (Nasdaq: TWNK) revealed that it will move its headquarters to Kansas, becoming one of the last companies to benefit from the years-long economic border war between Kansas and Missouri. Both states have agreed to end the practice of using state incentives to lure businesses in the Kansas City metro across the state line. Hostess’ current headquarters at 1 E. Armour Blvd. was built in 1998 and spans about 31,000 square feet. The new Kansas headquarters will be within the metro area, but Hostess did not provide details on its exact location.
HOSTESS BRANDS (TWNK) delivered earnings and revenue surprises of 13.33% and 6.11%, respectively, for the quarter ended June 2019. Do the numbers hold clues to what lies ahead for the stock?
On Wednesday, August 7, Hostess Brands (NASDAQ: TWNK ) will release its latest earnings report. Here is Benzinga's outlook for the company. Earnings and Revenue Based on Hostess Brands management projections, ...
Today we will run through one way of estimating the intrinsic value of Hostess Brands, Inc. (NASDAQ:TWNK) by taking...
Sara Lee Frozen Bakery has agreed to acquire Superior Cake Products in-store bakery business from Hostess Brands for $65 million in cash. The acquisition, a spokeswoman for Oakbrook Terrace, Illinois-based Sara Lee said, is part of a plan to accelerate the company's goal of expanding its presence in the high-growth in-store bakery business. Andy Callahan, president and CEO of Kansas City, Missouri-based Hostess, said of the deal: “Superior has been a high-performing business, and we believe that it will continue to thrive in Sara Lee Frozen Bakery’s portfolio as we focus our future investments on areas of our business that better leverage our core competencies and pillars for growth.” Added Craig Bahner, Sara Lee Frozen Bakery CEO: “We are thrilled to add Superior to our portfolio of established and iconic brands.
Hostess Brands, Inc. (“Hostess” or “Company”) (TWNK) (TWNKW) today announced that it has entered into a definitive agreement to sell its Superior Cake Products, Inc. (“Superior”) in-store bakery business to Sara Lee Frozen Bakery for a purchase price of $65 million in cash, subject to post-closing adjustments. The Company expects to use the net proceeds from the transaction to pursue a range of potential strategic options, including reinvesting in its business, de-leveraging its balance sheet and pursuing potential strategic acquisitions, while effectively managing its capital structure. Andy Callahan, President and Chief Executive Officer of Hostess, said, “Superior has been a high performing business and we believe that it will continue to thrive in Sara Lee Frozen Bakery’s portfolio as we focus our future investments on areas of our business that better leverage our core competencies and pillars for growth.
HOSTESS BRANDS (TWNK) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Hostess Brands, Inc. (TWNK) (TWNKW) (the “Company”), a leading manufacturer and marketer of sweet baked goods including Twinkies®, CupCakes, Ding Dongs®, Donettes® and a variety of other new and classic treats, announced today it will report results for the second quarter ended June 30, 2019 on Wednesday, August 7, 2019 after market close. The Company will host a conference call to discuss these results at 3:30 p.m. Central Time (4:30 p.m. Eastern Time). A telephone replay will be available approximately two hours after the call concludes through Wednesday, August 21, 2019, by dialing 844-512-2921 from the U.S., or 412-317-6671 from international locations, and entering confirmation code 13692886.
, maker of Ho-Hos, Ding Dongs, and Twinkies, found a sweet spot Monday, climbing 2.8% to $14.28, after an UBS analyst upgraded the snack company to buy from neutral. Analyst Steven Strycula also raised his price target on the Kansas City, Missouri-based company to $17 from $14. Last year, Hostess acquired the Cloverhill bakery on Chicago's Northwest Side from Aryzta for an undisclosed sum.
The snack market is booming, bringing in a whopping $605 billion in global sales last year, and there are even more growth opportunities ahead, according to Citi.
Hostess Brands, Inc. (the “Company”) (TWNK) today announced the closing of a public offering of 8 million shares of its Class A common stock held by entities affiliated with C. Dean Metropoulos, the Company’s Chairman, and his family. The Company did not issue shares in the offering and did not receive any proceeds from the sale of the shares by the selling stockholders in this offering. Mr. Metropoulos has informed the Company that the proceeds from the sale of these shares would be used to, among other things, fund philanthropic commitments.
It must be spring because there are signs of growth throughout the area, thanks to Niagara Bottling, Hostess, SelectQuote and others.