Hostess Brands Reports Third Quarter 2023 Results

$TWNK
Packaged Foods
Consumer Staples
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Recent Analyst Ratings for
$TWNK

DatePrice TargetRatingAnalyst
9/13/2023$34.00Market Perform
TD Cowen
8/31/2023$28.00Overweight → Neutral
JP Morgan
7/17/2023$29.00 → $28.00Overweight
JP Morgan
3/20/2023$26.00Neutral
UBS
12/20/2022$30.00 → $25.00Overweight → Equal-Weight
Morgan Stanley
3/3/2022$22.00 → $25.00Outperform
Credit Suisse
3/2/2022$23.00 → $28.00Overweight
Stephens
3/2/2022$23.00 → $25.00Overweight
JP Morgan
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  • MGP Hires Vice President of Investor Relations

    ATCHISON, Kan., May 20, 2024 /PRNewswire/ -- MGP Ingredients, Inc., (NASDAQ:MGPI), a leading provider of branded and distilled spirits as well as food ingredient solutions, is pleased to announce the hiring of Amit Sharma as its Vice President of Investor Relations. This strategic addition to our leadership team underscores our commitment to enhancing communication with our investors and stakeholders, and to strengthening our overall investor relations strategy. Sharma brings over 18 years of experience in investor relations and financial communications. He recently served as

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  • Hostess Brands Reports Third Quarter 2023 Results

    Company Recently Announced a Definitive Agreement to be Acquired by The J. M. Smucker Company Hostess Brands, Inc. (NASDAQ:TWNK) (the "Company," "Hostess Brands," "we," "us," and "our") today reported its financial results for the three and nine months ended September 30, 2023. "I am extremely proud of the entire Hostess Brands team for building a premier snacking company focused on attractive snacking occasions, a portfolio of iconic brands, and outstanding execution to deliver long-term, sustainable profitable growth," commented Andy Callahan, President and Chief Executive Officer, Hostess Brands. Recent Merger Announcement On September 10, 2023, Hostess Brands entered into a defi

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  • BARK Announces Appointment of Larry Bodner to Board of Directors

    Mr. Bodner Brings Over 35 Years of Consumer-Packaged Goods Experience to BARK BARK, Inc. ("BARK" or the "Company") (NYSE:BARK), a leading global omnichannel dog brand with the mission to Make All Dogs Happy, today announced that Larry Bodner has joined the Company's Board of Directors (the "Board"), effective immediately. Mr. Bodner brings over 35 years of operational and financial experience spanning the consumer-packaged goods industry, and currently serves as Chief Executive Officer of Bulletproof 360, a functional nutrition and wellness company. He is also a member of the Board of Directors of Hostess Brands, where he has served as a Director since 2016. "Larry brings extensive le

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$TWNK
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  • MGP Hires Vice President of Investor Relations

    ATCHISON, Kan., May 20, 2024 /PRNewswire/ -- MGP Ingredients, Inc., (NASDAQ:MGPI), a leading provider of branded and distilled spirits as well as food ingredient solutions, is pleased to announce the hiring of Amit Sharma as its Vice President of Investor Relations. This strategic addition to our leadership team underscores our commitment to enhancing communication with our investors and stakeholders, and to strengthening our overall investor relations strategy. Sharma brings over 18 years of experience in investor relations and financial communications. He recently served as

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  • BARK Announces Appointment of Larry Bodner to Board of Directors

    Mr. Bodner Brings Over 35 Years of Consumer-Packaged Goods Experience to BARK BARK, Inc. ("BARK" or the "Company") (NYSE:BARK), a leading global omnichannel dog brand with the mission to Make All Dogs Happy, today announced that Larry Bodner has joined the Company's Board of Directors (the "Board"), effective immediately. Mr. Bodner brings over 35 years of operational and financial experience spanning the consumer-packaged goods industry, and currently serves as Chief Executive Officer of Bulletproof 360, a functional nutrition and wellness company. He is also a member of the Board of Directors of Hostess Brands, where he has served as a Director since 2016. "Larry brings extensive le

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  • Hostess Brands Appoints Darryl Riley to Be Company's First Chief Sustainability Officer

    Reporting to the CEO, Position Underscores Hostess Brands' Focus on Sustainability Hostess Brands, Inc. (NASDAQ:TWNK), a leading sweet snacks company, today announced that Darryl Riley has been appointed to the newly created position of Chief Sustainability Officer, effective immediately. Riley, who most recently served as Senior Vice President, Quality, Food Safety and R&D, will report to Andy Callahan, President and CEO of Hostess Brands. "As Hostess Brands continues to focus on building a socially responsible, modern-day snacking powerhouse, we believe dedicating an executive leadership position to sustainability will drive continued progress and integration," said Callahan. "With his

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$TWNK
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  • Hostess Brands Reports Third Quarter 2023 Results

    Company Recently Announced a Definitive Agreement to be Acquired by The J. M. Smucker Company Hostess Brands, Inc. (NASDAQ:TWNK) (the "Company," "Hostess Brands," "we," "us," and "our") today reported its financial results for the three and nine months ended September 30, 2023. "I am extremely proud of the entire Hostess Brands team for building a premier snacking company focused on attractive snacking occasions, a portfolio of iconic brands, and outstanding execution to deliver long-term, sustainable profitable growth," commented Andy Callahan, President and Chief Executive Officer, Hostess Brands. Recent Merger Announcement On September 10, 2023, Hostess Brands entered into a defi

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  • Hostess Brands to Be Acquired by the J.M. Smucker Co. for Approximately $5.6 Billion

    Hostess Brands, Inc. (NASDAQ:TWNK) (the "Company" or "Hostess Brands"), announced today that it has entered into a definitive agreement with The J.M. Smucker Co. (NYSE:SJM) to acquire all of the outstanding shares of Hostess Brands in a cash and stock transaction valued at $34.25 per Hostess Brands share, representing a transaction value of approximately $5.6 billion, including the assumption of debt. Under the terms of the agreement, Hostess Brands shareholders will receive $30.00 in cash and 0.03002 shares of The J.M. Smucker Co. common stock (valued at $4.25 as of September 8, 2023) for each share of Hostess Brands common stock. The purchase price represents a premium of approximately 54

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  • The J. M. Smucker Co. to Acquire Hostess Brands to Accelerate Focus on Convenient Consumer Occasions

    Expands the Company's family of beloved brands in attractive categories with the addition of iconic snacking brands. Furthers the Company's ability to delight consumers with convenient food options across more snacking and meal occasions. Enhances the Company's net sales growth, operating margin and earnings growth.Expected to be accretive to adjusted earnings per share in the first fiscal year. The Company will discuss the transaction during a conference call today at 9:00 a.m. Eastern Time. ORRVILLE, Ohio, Sept. 11, 2023 /PRNewswire/ -- The J. M. Smucker Co. (NYSE:SJM) ("Company") announced today the signing of a definitive agreement to acquire Hostess Brands, Inc. (NASDAQ:TWNK) ("Hostess

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