Flowers Foods, Inc. (NYSE:FLO) – Research analysts at SunTrust Banks boosted their FY2018 earnings per share (EPS) estimates for shares of Flowers Foods in a research note issued to investors on Thursday. SunTrust Banks analyst W. Chappell now expects that the company will post earnings of $1.07 per share for the year, up from their prior forecast of $0.91. SunTrust Banks has a “Hold” rating and a $20.00 price target on the stock. SunTrust Banks also issued estimates for Flowers Foods’ Q1 2019 earnings at $0.33 EPS, Q2 2019 earnings at $0.30 EPS, Q3 2019 earnings at $0.30 EPS and FY2019 earnings at $1.16 EPS.

Several other equities research analysts also recently issued reports on the company. TheStreet upgraded Flowers Foods from a “c+” rating to a “b” rating in a report on Wednesday, February 7th. Stephens reaffirmed a “hold” rating and set a $20.00 price objective on shares of Flowers Foods in a research report on Friday, February 9th. Pivotal Research reduced their price objective on Flowers Foods to $26.00 and set a “buy” rating for the company in a research report on Thursday, February 8th. Zacks Investment Research cut Flowers Foods from a “hold” rating to a “sell” rating in a research report on Thursday, February 8th. Finally, BMO Capital Markets upped their price objective on Flowers Foods from $19.00 to $20.00 and gave the stock a “market perform” rating in a research report on Wednesday, November 15th. One research analyst has rated the stock with a sell rating, four have issued a hold rating, two have given a buy rating and one has given a strong buy rating to the company. Flowers Foods presently has a consensus rating of “Hold” and an average price target of $21.00.

Shares of Flowers Foods (NYSE FLO) traded up $0.13 during trading on Monday, hitting $20.80. The company’s stock had a trading volume of 520,945 shares, compared to its average volume of 1,353,925. Flowers Foods has a 12 month low of $16.80 and a 12 month high of $20.98. The company has a market capitalization of $4,276.04, a P/E ratio of 29.25, a P/E/G ratio of 3.13 and a beta of 0.91. The company has a quick ratio of 1.01, a current ratio of 1.27 and a debt-to-equity ratio of 0.67.

Flowers Foods (NYSE:FLO) last announced its quarterly earnings results on Wednesday, February 7th. The company reported $0.17 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.14 by $0.03. Flowers Foods had a return on equity of 15.17% and a net margin of 3.83%. The company had revenue of $873.60 million during the quarter, compared to the consensus estimate of $860.34 million. During the same period in the prior year, the company earned $0.16 earnings per share. The company’s revenue for the quarter was up .6% compared to the same quarter last year.

In other news, insider Tonja W. Taylor sold 4,960 shares of the company’s stock in a transaction dated Tuesday, November 21st. The stock was sold at an average price of $19.57, for a total transaction 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 legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Stephen R. Avera sold 68,908 shares of the company’s stock in a transaction dated 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 transaction, the insider now directly owns 553,989 shares of the company’s stock, valued at $10,708,607.37. The disclosure for this sale can be found here. Insiders have sold 189,935 shares of company stock valued at $3,679,598 over the last ninety days. 15.81% of the stock is owned by insiders.

Several hedge funds have recently bought and sold shares of FLO. Ameritas Investment Partners Inc. boosted its position in Flowers Foods by 1.7% during the second quarter. Ameritas Investment Partners Inc. now owns 55,099 shares of the company’s stock valued at $954,000 after purchasing an additional 907 shares during the last quarter. Great West Life Assurance Co. Can boosted its position in Flowers Foods by 2.6% during the third quarter. Great West Life Assurance Co. Can now owns 113,790 shares of the company’s stock valued at $2,131,000 after purchasing an additional 2,920 shares during the last quarter. Breton Hill Capital Ltd. boosted its position in Flowers Foods by 26.0% during the third quarter. Breton Hill Capital Ltd. now owns 15,628 shares of the company’s stock valued at $294,000 after purchasing an additional 3,228 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in Flowers Foods by 48.7% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 9,976 shares of the company’s stock valued at $193,000 after purchasing an additional 3,266 shares during the last quarter. Finally, Pacer Advisors Inc. boosted its position in Flowers Foods by 11.6% during the third quarter. Pacer Advisors Inc. now owns 32,262 shares of the company’s stock valued at $607,000 after purchasing an additional 3,353 shares during the last quarter. 66.44% of the stock is owned by institutional investors.

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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.

Earnings History and Estimates for Flowers Foods (NYSE:FLO)

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