TheStreet cut shares of Flowers Foods, Inc. (NYSE:FLO) from a b- rating to a c rating in a research report sent to investors on Thursday.

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.

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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.

Analyst Recommendations for Flowers Foods (NYSE:FLO)

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