Shares of Hostess Brands Inc. (NASDAQ:TWNK) traded at a new 52-week high today of $17.48. This new high was reached on below average trading volume as 204,000 shares traded hands, while the average 30-day volume is approximately 1.1 million shares.
Hostess Brands Inc. (NASDAQ:TWNK) is currently priced 51.0% above its average consensus analyst price target of $8.47.
Hostess Brands is the second- largest U.S. provider of sweet baked goods under the Hostess, Voortman, and Dolly Madison group of brands, including Twinkies, Cupcakes, Ding Dongs, Ho Hos, Donettes, and Zingers. In 2018, Hostess expanded its breakfast offerings with the purchase of Aryzta’s breakfast assets (the Cloverhill business), including a branded business and private-label deals, and in 2020 entered the cookie category via the Voortman tie-up. Although its roots stem from the 1919 launch of the Hostess Cupcake, the company filed for bankruptcy in 2012. Investors purchased the brands and restarted production in 2013, followed by a 2016 initial public offering. Most products are sold in the U.S., although third parties distribute some product to Mexico, the United Kingdom, and Canada.
Hostess Brands Inc. share prices have moved between a 52-week high of $17.48 and a 52-week low of $11.96 and are now trading 44% above that low price at $17.28 per share.
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