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

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

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

NEW YORK, Sept. 15, 2023 (GLOBE NEWSWIRE) -- Hostess Brands, Inc. (NASDAQ:TWNK) Lifshitz Law PLLC announces an investigation into possible breach of fiduciary duties in connection with the sale of TWNK to The J.M. Smucker Company for $30.00 in cash and 0.03002 shares of The J.M. Smucker Company common stock for each share of TWNK common stock owned. If you are a TWNK investor, and would like additional information about our investigation, please complete the Information Request Form or contact Joshua Lifshitz, Esq. by telephone at (516)493-9780 or e-mail at [email protected]. Avantax, Inc. (NASDAQ:AVTA) Lifshitz Law PLLC announces an investigation int

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

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

Delivers Strong Profit Growth Reaffirms Full-Year Net Revenue Guidance Raises EBITDA and EPS Guidance Toward Higher End of Previous Range Hostess Brands, Inc. (NASDAQ:TWNK) (the "Company," "Hostess Brands," "we," "us," and "our") today reported its financial results for the three and six months ended June 30, 2023. "Hostess Brands delivered another strong quarter with double-digit profit growth and higher margins driven by favorable net price realization, normalizing supply chain, and contributions from productivity initiatives. Our foundation for sustainable growth remains strong. We are executing well against our growth initiatives with strong customer support behind back-to-school me

Hostess Brands, Inc. (NASDAQ:TWNK) (the "Company"), a leading sweet snacks company, announced today it will report results for the second quarter ended June 30, 2023, on Tuesday, August 8, 2023, after market close. The earnings release will be issued at approximately 4:00 p.m. EDT accompanied by a presentation. The Company will host a conference call to discuss these results at 4:30 p.m. EDT. Investors interested in participating in the live call can dial 877-451-6152 from the U.S. and +1-201-389-0879 internationally. A telephone replay will be available approximately two hours after the call concludes through August 22, 2023, by dialing 844-512-2921 from the U.S., or +1-412-317-6671 from

Hostess Brands, Inc. (NASDAQ:TWNK), (the "Company", "we", "our") today announced the refinancing of its First Lien Credit Agreement including its $983 million term loan due August 2025 (the "Existing Term Loan") and $100 million revolving line of credit due August 2024. The Company closed on a new First Lien Credit Agreement containing a $985 million term loan (the "New Term Loan"), which will mature in June 2030, and a revolving line of credit of $200 million, which will mature in June 2028 (the "New Revolver"). The net proceeds from the New Term Loan were used to repay all outstanding principal under its Existing Term Loan and fund a portion of the related costs. "We are extremely pleas

Hostess Brands, Inc. (NASDAQ:TWNK) (the "Company"), a leading sweet snacks company, announced today that Andy Callahan, President and Chief Executive Officer, and Travis Leonard, Chief Financial Officer, will provide an update on the Company's long-term strategy to drive profitable growth at the following investor conferences in June. A live audio webcast, and replay, of the presentations will be available at https://www.hostessbrands.com/news/events. Thursday, June 8, 2023 – Deutsche Bank dbAccess Global Consumer Conference. The company will host a fireside chat beginning at 10:00 am CEST / 4:00 am EDT. The company also will participate in one-on-one and small-group meetings with invest

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

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

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

Hostess Brands, Inc. (NASDAQ:TWNK, TWNKW))) ("Hostess" or the "Company"), a leading manufacturer and marketer of snacks including Twinkies®, CupCakes, Ding Dongs®, Donettes®, Voortman® wafers and cookies and a variety of other new and classic treats, announced today that Amit Sharma has been appointed Vice President, Investor Relations. Mr. Sharma joins Hostess after 15 years of experience in equity research, with a strong background in consumer packaged goods and food and beverage. Mr. Sharma will report to Brian Purcell, EVP & Chief Financial Officer. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20210602005953/en/(Photo: Busine

Hostess Brands, Inc. (NASDAQ:TWNK, TWNKW))) (the "Company"), a leading manufacturer and marketer of snacks including Twinkies®, CupCakes, Ding Dongs®, Donettes®, Voortman® wafers and cookies and a variety of other new and classic treats, announced today the appointment of Olu Beck and Hugh G. Dineen to the Company's Board of Directors. "We are thrilled to welcome Olu and Hugh to our board as we continue to advance our strategic agenda," said Jerry Kaminski, Chairman of the Board of Directors for the Company. "They each are accomplished consumer packaged goods veterans with over 40 years of combined industry experience and knowledge and a track record of driving results and accelerating gro

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The J. M. Smucker Co. (NYSE:SJM) ("Company") announced today that it has extended its previously announced offer (the "Offer") to exchange for each outstanding share of Class A common stock of Hostess Brands, Inc. (NASDAQ:TWNK) ("Hostess Brands") ("Hostess Brands Shares"), par value $0.0001, $30.00 in cash and 0.03002 of Company common shares, no par value, with cash in lieu of any fractional Company common shares, without interest thereon and subject to any required withholding, pursuant to the terms of that certain Agreement and Plan of Merger, dated as of September 10, 2023, by and among the Company, Hostess Brands, and SSF Holdings, Inc., a Delaware corporation and wholly owned subsidiar

The most overbought stocks in the consumer staples sector presents an opportunity to go short on these overvalued companies. The RSI is a momentum indicator, which compares a stock's strength on days when prices go up to its strength on days when prices go down. When compared to a stock's price action, it can give traders a better sense of how a stock may perform in the short term. An asset is typically considered overbought when the RSI is above 70. Here’s the latest list of major overbought players in this sector. FitLife Brands, Inc. (NASDAQ:FTLF) FitLife Brands announced that the U.S. Bankruptcy Court approved the $18.5 million acquisition of substantially all of the assets of Mu

Upgrades Scotiabank upgraded the previous rating for Alliant Energy Corp (NASDAQ:LNT) from Sector Perform to Sector Outperform. In the second quarter, Alliant Energy showed an EPS of $0.64, compared to $0.63 from the year-ago quarter. At the moment, the stock has a 52-week-high of $57.52 and a 52-week-low of $45.15. Alliant Energy closed at $49.75 at the end of the last trading period. HSBC upgraded the previous rating for Dollar General Corp (NYSE:DG) from Reduce to Hold. In the second quarter, Dollar Gen showed an EPS of $2.13, compared to $2.98 from the year-ago quarter. The stock has a 52-week-high of $261.57 and a 52-week-low of $101.09. At the end of the last trading period, Dollar

Citigroup analyst Jonmichael Shekian downgrades Hostess Brands (NASDAQ:TWNK) from Buy to Neutral and raises the price target from $32 to $34.

The most overbought stocks in the consumer staples sector presents an opportunity to go short on these overvalued companies. The RSI is a momentum indicator, which compares a stock's strength on days when prices go up to its strength on days when prices go down. When compared to a stock's price action, it can give traders a better sense of how a stock may perform in the short term. An asset is typically considered overbought when the RSI is above 70. Here’s the latest list of major overbought players in this sector. Hostess Brands, Inc. (NASDAQ:TWNK) The J. M. Smucker announced plans to acquire Hostess Brands for $34.25 per share, implying a total enterprise value of $5.6 billion. Th

The most overbought stocks in the consumer staples sector presents an opportunity to go short on these overvalued companies. The RSI is a momentum indicator, which compares a stock's strength on days when prices go up to its strength on days when prices go down. When compared to a stock's price action, it can give traders a better sense of how a stock may perform in the short term. An asset is typically considered overbought when the RSI is above 70. Here’s the latest list of major overbought players in this sector. Blue Apron Holdings, Inc. (NASDAQ:APRN) Blue Apron announced an agreement to be acquired by Wonder Group for $13 per share. The company’s stock has a 52-week high of $56.

The most overbought stocks in the consumer staples sector presents an opportunity to go short on these overvalued companies. The RSI is a momentum indicator, which compares a stock's strength on days when prices go up to its strength on days when prices go down. When compared to a stock's price action, it can give traders a better sense of how a stock may perform in the short term. An asset is typically considered overbought when the RSI is above 70. Here’s the latest list of major overbought players in this sector. Casey's General Stores, Inc. (NASDAQ:CASY) Casey’s General Stores reported a first-quarter FY24 sales decline of 13.2% year-on-year to $3.87 billion, missing the analyst

Upgrades According to OTR Global, the prior rating for Align Technology Inc (NASDAQ:ALGN) was changed from Mixed to Positive. For the second quarter, Align Tech had an EPS of $2.22, compared to year-ago quarter EPS of $2.00. The current stock performance of Align Tech shows a 52-week-high of $413.20 and a 52-week-low of $172.29. Moreover, at the end of the last trading period, the closing price was at $322.41. Colliers Securities upgraded the previous rating for AvalonBay Communities Inc (NYSE:AVB) from Neutral to Buy. In the second quarter, AvalonBay Communities showed an EPS of $2.66, compared to $2.43 from the year-ago quarter. At the moment, the stock has a 52-week-high of $211.60 and

Jefferies analyst Rob Dickerson downgrades Hostess Brands (NASDAQ:TWNK) from Buy to Hold and raises the price target from $30 to $34.