Shares of Flowers Foods, Inc. (NYSE:FLO) have earned a consensus recommendation of “Buy” from the eight research firms that are currently covering the firm, Marketbeat reports. Four equities research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company. The average 12-month price target among brokers that have issued a report on the stock in the last year is $21.33.
A number of equities research analysts have issued reports on the stock. Zacks Investment Research cut shares of Flowers Foods from a “hold” rating to a “sell” rating in a report on Thursday, February 8th. TheStreet raised shares of Flowers Foods from a “c+” rating to a “b” rating in a report on Wednesday, February 7th. Pivotal Research raised shares of Flowers Foods from a “hold” rating to a “buy” rating and set a $23.00 price target on the stock in a report on Thursday, November 9th. SunTrust Banks reaffirmed a “hold” rating and issued a $20.00 price target on shares of Flowers Foods in a report on Friday, November 10th. Finally, BMO Capital Markets upped their price target on shares of Flowers Foods from $19.00 to $20.00 and gave the stock a “market perform” rating in a report on Wednesday, November 15th.
In other Flowers Foods news, insider Stephen R. Avera sold 68,908 shares of the company’s stock in a transaction dated Tuesday, November 28th. The shares were sold at an average price of $19.33, for a total transaction of $1,331,991.64. Following the completion of the sale, the insider now directly owns 553,989 shares in the company, valued at $10,708,607.37. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, CFO R Steve Kinsey sold 116,067 shares of the company’s stock in a transaction dated Wednesday, November 29th. The shares were sold at an average price of $19.39, for a total transaction of $2,250,539.13. The disclosure for this sale can be found here. 15.81% of the stock is owned by corporate insiders.
A number of hedge funds and other institutional investors have recently bought and sold shares of FLO. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp purchased a new stake in shares of Flowers Foods during the fourth quarter worth about $359,000. MetLife Investment Advisors LLC bought a new position in Flowers Foods in the fourth quarter worth about $2,254,000. Gotham Asset Management LLC raised its stake in Flowers Foods by 262.3% in the fourth quarter. Gotham Asset Management LLC now owns 544,437 shares of the company’s stock worth $10,513,000 after buying an additional 394,167 shares in the last quarter. Vident Investment Advisory LLC raised its stake in Flowers Foods by 101.4% in the fourth quarter. Vident Investment Advisory LLC now owns 39,323 shares of the company’s stock worth $759,000 after buying an additional 19,794 shares in the last quarter. Finally, LPL Financial LLC raised its stake in Flowers Foods by 177.1% in the fourth quarter. LPL Financial LLC now owns 37,216 shares of the company’s stock worth $719,000 after buying an additional 23,784 shares in the last quarter. Institutional investors and hedge funds own 63.34% of the company’s stock.
Flowers Foods (NYSE:FLO) traded down $0.34 during trading on Tuesday, reaching $21.01. The company had a trading volume of 1,420,097 shares, compared to its average volume of 1,402,079. Flowers Foods has a fifty-two week low of $16.80 and a fifty-two week high of $21.46. The company has a current ratio of 1.27, a quick ratio of 1.01 and a debt-to-equity ratio of 0.67. The stock has a market capitalization of $4,475.17, a P/E ratio of 29.59, a price-to-earnings-growth ratio of 3.27 and a beta of 0.91.
Flowers Foods (NYSE:FLO) last issued its earnings results on Wednesday, February 7th. The company reported $0.17 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.14 by $0.03. Flowers Foods had a net margin of 3.83% and a return on equity of 15.17%. The business had revenue of $873.60 million for the quarter, compared to analysts’ expectations of $860.34 million. During the same quarter in the previous year, the firm posted $0.16 EPS. The business’s revenue for the quarter was up .6% compared to the same quarter last year. equities analysts anticipate that Flowers Foods will post 1.07 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Friday, March 16th. Investors of record on Friday, March 2nd will be paid a $0.17 dividend. The ex-dividend date of this dividend is Thursday, March 1st. This represents a $0.68 dividend on an annualized basis and a yield of 3.24%. Flowers Foods’s dividend payout ratio is presently 95.77%.
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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.
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