On Wednesday, shares in Kansas City, Missouri-based Hostess Brands Inc. recorded a trading volume of 1.81 million shares, which was higher than their three months average volume of 1.34 million shares. The stock ended the day at $14.01, jumping 4.09% from the last trading session. The Company’s shares have advanced 21.19% in the past month, 5.42% in the previous three months, and 7.77% on an YTD basis. The stock is trading above its 50-day moving average by 10.38%. Furthermore, shares of Hostess Brands have a Relative Strength Index (RSI) of 69.84.
On November 20th, 2017, Hostess Brands announced the repricing of its existing First Lien Term Loan. Under the transaction, the Company’s First Lien Term Loan was repriced from LIBOR plus 2.50% to LIBOR plus 2.25%. No covenants were changed, and the First Lien Term Loan continues to have a maturity date of August 03rd, 2022. As a result of the repricing, the Company expects annualized interest expense savings of approximately $2.5 million that will result in an expected increase of $0.01 of basic and diluted earnings per share. Signing up now gives you access to the free research coverage on TWNK at: http://www.wallstequities.com/registration/?symbol=TWNK
Charlotte, North Carolina headquartered Snyder’s-Lance Inc.’s stock rose 1.96%, finishing yesterday’s session at $38.59. A total volume of 435,793 shares was traded, which was above their three months average volume of 384,110 shares. The Company’s shares have gained 4.98% in the last month, 7.70% over the previous three months, and 0.65% since the start of this year. The stock is trading above its 50-day and 200-day moving averages by 3.22% and 4.14%, respectively. Additionally, shares of Snyder’s-Lance have an RSI of 64.94.
On November 07th, 2017, Snyder’s-Lance reported its results for the quarter ended September 30th, 2017. Total net revenue in Q3 2017 was $564.2 million, GAAP operating loss was $53.8 million, and net interest expense was $10.1 million. GAAP net loss from continuing operations was $57.7 million for the quarter, and adjusted EBITDA from continuing operations was $85.2 million. Get access to our top-rated research, including the free report on LNCE at: http://www.wallstequities.com/registration/?symbol=LNCE
Shares in Orrville, Ohio headquartered The J.M. Smucker Co. ended the session 2.38% higher at $117.66. The stock recorded a trading volume of 1.50 million shares, which was above its three months average volume of 1.24 million shares. The Company’s shares have gained 15.45% in the last one month and 12.87% over the previous three months. The stock is trading 10.85% above its 50-day moving average. Moreover, shares of the Company have an RSI of 68.33.
On November 16th, 2017, J.M. Smucker announced the results for Q2 ended October 31st, 2017 of its 2018 fiscal year. Net sales for the quarter were $1,923.6 million, operating income was $330.7 million, and net income per diluted share was $1.71. Cash provided by operating activities was $130.3 million for Q2 of fiscal 2018, and free cash flow was $69.9 million.
On November 17th, 2017, research firm Stifel reiterated its ‘Hold’ rating on the Company’s stock with an increase of the target price from $109 a share to $113 a share. Click here to subscribe for a free membership which welcomes you with our report on SJM at: http://www.wallstequities.com/registration/?symbol=SJM
At the closing bell on Wednesday, Oak Brook, Illinois-based Treehouse Foods Inc.’s stock rose 3.43%, finishing at $45.78. A total volume of 890,591 shares was traded. The Company’s shares are trading 21.97% below their 50-day moving average. Additionally, shares of Treehouse Foods have an RSI of 34.86.
On November 02nd, 2017, Treehouse Foods announced that Robert B. Aiken resigned as President on October 29th, 2017. Chairman and CEO Sam K. Reed will assume the role of President. As part of the Board approved search process, the Company will retain a leading executive search firm to identify CEO candidates.
On November 06th, 2017, research firm Jefferies reiterated its ‘Buy’ rating on the Company’s stock with a decrease of the target price from $90 a share to $68 a share. To get free access to your research report on THS, sign up at: http://www.wallstequities.com/registration/?symbol=THS
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