Shares of Flowers Foods, Inc. (NYSE:FLO) have earned a consensus recommendation of “Buy” from the ten ratings firms that are presently covering the company, Marketbeat reports. Three research analysts have rated the stock with a hold recommendation, five have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year target price among brokers that have covered the stock in the last year is $21.43.

Several equities analysts have recently weighed in on the stock. BMO Capital Markets raised their price target on shares of Flowers Foods from $19.00 to $20.00 and gave the stock a “market perform” rating in a research note on Wednesday, November 15th. Zacks Investment Research raised shares of Flowers Foods from a “sell” rating to a “hold” rating in a research note on Tuesday, October 17th. SunTrust Banks reaffirmed a “hold” rating and set a $20.00 price target on shares of Flowers Foods in a research note on Friday, November 10th. TheStreet cut shares of Flowers Foods from a “b-” rating to a “c” rating in a research note on Thursday, November 9th. Finally, BidaskClub raised shares of Flowers Foods from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, August 23rd.

In related news, insider Tonja W. Taylor sold 4,960 shares of the firm’s stock in a transaction on Tuesday, November 21st. The shares were sold at an average price of $19.57, for a total value of $97,067.20. Following the completion of the transaction, the insider now directly owns 22,055 shares of the company’s stock, valued at $431,616.35. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Robert L. Benton, Jr. sold 15,000 shares of the firm’s stock in a transaction on Monday, October 2nd. The shares were sold at an average price of $18.87, for a total transaction of $283,050.00. Following the completion of the transaction, the insider now directly owns 81,677 shares of the company’s stock, valued at $1,541,244.99. The disclosure for this sale can be found here. Insiders sold 509,689 shares of company stock valued at $9,743,948 over the last three months. 15.81% of the stock is owned by company insiders.

Large investors have recently added to or reduced their stakes in the stock. Bank of Montreal Can boosted its position in Flowers Foods by 5.9% during the second quarter. Bank of Montreal Can now owns 45,555 shares of the company’s stock worth $789,000 after purchasing an additional 2,546 shares during the period. Russell Investments Group Ltd. boosted its position in Flowers Foods by 106.2% during the second quarter. Russell Investments Group Ltd. now owns 726,537 shares of the company’s stock worth $12,576,000 after purchasing an additional 374,159 shares during the period. Great West Life Assurance Co. Can boosted its position in Flowers Foods by 2.4% during the second quarter. Great West Life Assurance Co. Can now owns 110,870 shares of the company’s stock worth $1,918,000 after purchasing an additional 2,569 shares during the period. Texas Permanent School Fund boosted its position in Flowers Foods by 1.0% during the second quarter. Texas Permanent School Fund now owns 134,429 shares of the company’s stock worth $2,327,000 after purchasing an additional 1,330 shares during the period. Finally, ARP Americas LLC bought a new position in Flowers Foods during the second quarter worth $213,000. 66.44% of the stock is owned by institutional investors and hedge funds.

Shares of Flowers Foods (NYSE FLO) traded up $0.36 on Thursday, hitting $20.34. 1,056,900 shares of the stock traded hands, compared to its average volume of 1,367,288. The company has a market cap of $4,188.00, a PE ratio of 22.70, a P/E/G ratio of 3.80 and a beta of 1.04. Flowers Foods has a one year low of $16.10 and a one year high of $21.00. The company has a quick ratio of 1.01, a current ratio of 1.28 and a debt-to-equity ratio of 0.71.

Flowers Foods (NYSE:FLO) last issued its quarterly earnings results on Wednesday, November 8th. The company reported $0.23 earnings per share for the quarter, topping the consensus estimate of $0.20 by $0.03. The company had revenue of $932.80 million during the quarter, compared to analysts’ expectations of $915.55 million. Flowers Foods had a net margin of 2.16% and a return on equity of 15.16%. The business’s quarterly revenue was up 1.5% on a year-over-year basis. During the same period last year, the business earned $0.21 EPS. equities research analysts forecast that Flowers Foods will post 0.86 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Friday, December 15th. Investors of record on Friday, December 1st will be paid a $0.17 dividend. The ex-dividend date is Thursday, November 30th. This represents a $0.68 annualized dividend and a dividend yield of 3.34%. Flowers Foods’s dividend payout ratio is presently 170.00%.

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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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