Flowers Foods Inc. (FLO) Stock Rating Reaffirmed by BMO Capital Markets
Flowers Foods Inc. (NYSE:FLO)‘s stock had its “hold” rating reaffirmed by stock analysts at BMO Capital Markets in a note issued to investors on Friday. They currently have a $17.00 price target on the stock. BMO Capital Markets’ price objective would indicate a potential upside of 4.94% from the stock’s previous close.
Other analysts have also recently issued research reports about the stock. Jefferies Group lowered their target price on shares of Flowers Foods from $23.00 to $20.00 and set a “buy” rating on the stock in a research note on Thursday, August 11th. DA Davidson reissued a “hold” rating and issued a $16.00 target price on shares of Flowers Foods in a research note on Thursday, November 10th. Deutsche Bank AG reissued a “hold” rating on shares of Flowers Foods in a research note on Friday, November 4th. Zacks Investment Research raised shares of Flowers Foods from a “sell” rating to a “hold” rating in a research note on Monday, August 1st. Finally, TheStreet cut shares of Flowers Foods from a “buy” rating to a “hold” rating in a research note on Monday, August 22nd. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and two have assigned a buy rating to the company. Flowers Foods currently has a consensus rating of “Hold” and an average target price of $17.56.
Flowers Foods (NYSE:FLO) opened at 16.20 on Friday. The company’s 50 day moving average is $15.26 and its 200-day moving average is $17.01. The firm has a market cap of $3.36 billion, a price-to-earnings ratio of 18.64 and a beta of 0.83. Flowers Foods has a 1-year low of $14.35 and a 1-year high of $24.18.
Flowers Foods (NYSE:FLO) last posted its earnings results on Wednesday, November 9th. The company reported $0.21 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.21 by $0.00. The business earned $918.80 million during the quarter, compared to the consensus estimate of $923.81 million. Flowers Foods had a net margin of 4.67% and a return on equity of 16.16%. The business’s revenue was up 3.8% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.23 EPS. On average, analysts predict that Flowers Foods will post $0.90 EPS for the current fiscal year.
In related news, Chairman Amos R. Mcmullian bought 30,000 shares of Flowers Foods stock in a transaction dated Thursday, August 25th. The shares were bought at an average cost of $14.99 per share, for a total transaction of $449,700.00. Following the completion of the transaction, the chairman now owns 3,650,940 shares of the company’s stock, valued at $54,727,590.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Richard Lan bought 14,000 shares of Flowers Foods stock in a transaction dated Monday, August 22nd. The shares were bought at an average price of $15.18 per share, for a total transaction of $212,520.00. Following the completion of the transaction, the director now directly owns 27,763 shares of the company’s stock, valued at approximately $421,442.34. The disclosure for this purchase can be found here. Insiders own 16.87% of the company’s stock.
Institutional investors have recently made changes to their positions in the company. Tower Research Capital LLC TRC raised its position in shares of Flowers Foods by 33.9% in the second quarter. Tower Research Capital LLC TRC now owns 5,742 shares of the company’s stock valued at $108,000 after buying an additional 1,455 shares in the last quarter. Fuller & Thaler Asset Management Inc. acquired a new position in shares of Flowers Foods during the second quarter valued at $122,000. Creative Planning raised its position in shares of Flowers Foods by 3.7% in the third quarter. Creative Planning now owns 8,772 shares of the company’s stock valued at $133,000 after buying an additional 313 shares in the last quarter. Advisors Asset Management Inc. raised its position in shares of Flowers Foods by 18.9% in the second quarter. Advisors Asset Management Inc. now owns 7,524 shares of the company’s stock valued at $141,000 after buying an additional 1,194 shares in the last quarter. Finally, Invictus RG raised its position in shares of Flowers Foods by 57.3% in the first quarter. Invictus RG now owns 7,734 shares of the company’s stock valued at $143,000 after buying an additional 2,817 shares in the last quarter. Institutional investors own 67.18% of the company’s stock.
About Flowers Foods
Flowers Foods, Inc is a producer and marketer of bakery products. The Company operates in two segments: direct-store-delivery segment (DSD Segment) and warehouse delivery segment (Warehouse Segment). The DSD segment’s production plant locations include Birmingham, Alabama; Opelika, Alabama; Tuscaloosa, Alabama; Goldsboro, North Carolina; Jamestown, North Carolina, and Oxford, Pennsylvania.
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