Flowers Foods, Inc. (FLO) Insider Stephen R. Avera Sells 68,908 Shares of Stock
Flowers Foods, Inc. (NYSE:FLO) insider Stephen R. Avera sold 68,908 shares of the business’s stock in a transaction on Tuesday, November 28th. The stock was sold at an average price of $19.33, for a total value of $1,331,991.64. Following the completion of the transaction, the insider now directly owns 553,989 shares of the company’s stock, valued at $10,708,607.37. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.
Flowers Foods, Inc. (NYSE FLO) traded up $0.09 during midday trading on Friday, hitting $20.07. The stock had a trading volume of 1,277,186 shares, compared to its average volume of 1,607,655. Flowers Foods, Inc. has a 12 month low of $15.31 and a 12 month high of $21.00. The firm has a market capitalization of $4,185.90, a PE ratio of 22.69, a price-to-earnings-growth ratio of 3.80 and a beta of 1.04. The company has a debt-to-equity ratio of 0.71, a quick ratio of 1.01 and a current ratio of 1.28.
Flowers Foods (NYSE:FLO) last announced its quarterly earnings data on Wednesday, November 8th. The company reported $0.23 EPS for the quarter, beating the Zacks’ consensus estimate of $0.20 by $0.03. The business had revenue of $932.80 million during the quarter, compared to the consensus estimate of $915.55 million. Flowers Foods had a return on equity of 15.16% and a net margin of 2.16%. The business’s revenue for the quarter was up 1.5% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.21 earnings per share. analysts forecast that Flowers Foods, Inc. will post 0.86 EPS for the current fiscal year.
A number of equities analysts have recently weighed in on the company. BMO Capital Markets boosted their price target on Flowers Foods from $19.00 to $20.00 and gave the stock a “market perform” rating in a report on Wednesday, November 15th. Zacks Investment Research raised Flowers Foods from a “sell” rating to a “hold” rating in a report on Tuesday, October 17th. SunTrust Banks reissued a “hold” rating and issued a $20.00 price target on shares of Flowers Foods in a report on Friday, November 10th. TheStreet cut Flowers Foods from a “b-” rating to a “c” rating in a report on Thursday, November 9th. Finally, BidaskClub raised Flowers Foods from a “buy” rating to a “strong-buy” rating in a report on Wednesday, August 23rd. Three investment analysts have rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the stock. The stock has an average rating of “Buy” and an average target price of $21.43.
Several large investors have recently made changes to their positions in FLO. Wellington Shields Capital Management LLC grew its position in shares of Flowers Foods by 106.7% in the third quarter. Wellington Shields Capital Management LLC now owns 14,794,716 shares of the company’s stock valued at $278,289,000 after purchasing an additional 7,638,437 shares during the period. Deprince Race & Zollo Inc. grew its position in shares of Flowers Foods by 120.8% in the second quarter. Deprince Race & Zollo Inc. now owns 1,708,776 shares of the company’s stock valued at $29,579,000 after purchasing an additional 934,699 shares during the period. Denver Investment Advisors LLC purchased a new stake in shares of Flowers Foods in the second quarter valued at $11,938,000. Hamlin Capital Management LLC grew its position in shares of Flowers Foods by 15.8% in the third quarter. Hamlin Capital Management LLC now owns 3,860,784 shares of the company’s stock valued at $72,621,000 after purchasing an additional 525,394 shares during the period. Finally, Koch Industries Inc. purchased a new stake in shares of Flowers Foods in the second quarter valued at $443,000. 70.14% of the stock is owned by institutional investors and hedge funds.
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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