Watch for Continued Gains in Shares of Hostess Brands Inc.

The following post was written and/or published as a collaboration between Benzinga’s in-house sponsored content team and a financial partner of Benzinga.

Shares of Hostess Brands Inc. TWNK traded at a new 52-week high today of $17.61. 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.

In the past 52 weeks, Hostess Brands Inc. share prices are bracketed by a low of $11.96 and a high of $17.61 and are now at $17.57, 47% above that low price.

Based on a current price of $17.57, Hostess Brands Inc. is currently 50.9% above its average consensus analyst price target of $8.63.

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 products to Mexico, the United Kingdom, and Canada.

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The preceding post was written and/or published as a collaboration between Benzinga’s in-house sponsored content team and a financial partner of Benzinga. Although the piece is not and should not be construed as editorial content, the sponsored content team works to ensure that any and all information contained within is true and accurate to the best of their knowledge and research. This content is for informational purposes only and not intended to be investing advice.