Flowers Foods, Inc. (FLO) Downgraded by TheStreet
Several other equities research analysts have also recently issued reports on the stock. Pivotal Research upgraded shares of Flowers Foods from a hold rating to a buy rating and set a $23.00 target price on the stock in a report on Thursday. BMO Capital Markets restated a hold rating and issued a $19.00 target price on shares of Flowers Foods in a report on Thursday, November 2nd. Zacks Investment Research upgraded shares of Flowers Foods from a sell rating to a hold rating in a report on Tuesday, October 17th. Jefferies Group LLC restated a hold rating and issued a $19.00 target price on shares of Flowers Foods in a report on Thursday, August 31st. Finally, BidaskClub upgraded shares of Flowers Foods from a buy rating to a strong-buy rating in a report on Wednesday, August 23rd. Four investment analysts have rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the stock. Flowers Foods has a consensus rating of Buy and a consensus price target of $21.33.
Shares of Flowers Foods (NYSE:FLO) opened at $18.70 on Thursday. Flowers Foods has a fifty-two week low of $15.27 and a fifty-two week high of $21.00. The company has a debt-to-equity ratio of 0.71, a current ratio of 1.28 and a quick ratio of 1.07. The stock has a market cap of $3,919.71, a P/E ratio of 21.25, a P/E/G ratio of 3.55 and a beta of 1.00.
Flowers Foods (NYSE:FLO) last issued its earnings results on Wednesday, November 8th. The company reported $0.23 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.20 by $0.03. Flowers Foods had a net margin of 2.16% and a return on equity of 15.16%. The company had revenue of $932.80 million for the quarter, compared to analysts’ expectations of $915.55 million. During the same quarter last year, the company posted $0.21 earnings per share. The firm’s quarterly revenue was up 1.5% on a year-over-year basis. analysts expect that Flowers Foods will post 0.86 EPS for the current fiscal year.
In other news, EVP Marta Jones Turner sold 37,062 shares of Flowers Foods stock in a transaction on Monday, August 21st. The shares were sold at an average price of $17.91, for a total transaction of $663,780.42. Following the transaction, the executive vice president now owns 266,444 shares in the company, valued at approximately $4,772,012.04. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Robert L. Benton, Jr. sold 15,000 shares of Flowers Foods stock in a transaction on Monday, October 2nd. The stock was sold at an average price of $18.87, for a total transaction of $283,050.00. Following the transaction, the insider now owns 81,677 shares in the company, valued at approximately $1,541,244.99. The disclosure for this sale can be found here. Insiders have sold a total of 98,735 shares of company stock worth $1,818,921 in the last quarter. Corporate insiders own 15.81% of the company’s stock.
Several institutional investors have recently modified their holdings of FLO. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of Flowers Foods by 10.3% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,710 shares of the company’s stock worth $116,000 after acquiring an additional 629 shares during the last quarter. Ffcm LLC boosted its stake in shares of Flowers Foods by 1,298.6% during the 3rd quarter. Ffcm LLC now owns 6,965 shares of the company’s stock worth $131,000 after acquiring an additional 6,467 shares during the last quarter. Ledyard National Bank boosted its stake in shares of Flowers Foods by 6.0% during the 2nd quarter. Ledyard National Bank now owns 8,810 shares of the company’s stock worth $153,000 after acquiring an additional 500 shares during the last quarter. Crescent Grove Advisors LLC bought a new stake in shares of Flowers Foods during the 2nd quarter valued at $173,000. Finally, AMG National Trust Bank bought a new stake in shares of Flowers Foods during the 2nd quarter valued at $196,000. Institutional investors and hedge funds own 65.07% of the company’s stock.
About Flowers Foods
Flowers Foods, Inc is a producer and marketer of packaged bakery products. The Company operates in two segments: direct-store-delivery segment (DSD Segment) and warehouse delivery segment (Warehouse Segment). The DSD segment produces fresh breads, buns, rolls, tortillas and snack cakes sold primarily by a network of independent distributors to retail and foodservice customers in the areas of the United States: East, South, Southwest, California, and select markets in the Midwest, Pacific Northwest, Nevada, and Colorado.
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