Flowers Foods, Inc. (NYSE:FLO) – Stock analysts at Jefferies Financial Group issued their Q1 2019 EPS estimates for shares of Flowers Foods in a research report issued on Thursday, May 17th, according to Zacks Investment Research. Jefferies Financial Group analyst A. Jagdale expects that the company will post earnings per share of $0.32 for the quarter. Jefferies Financial Group has a “Hold” rating and a $19.00 price objective on the stock. Jefferies Financial Group also issued estimates for Flowers Foods’ Q2 2019 earnings at $0.29 EPS, Q3 2019 earnings at $0.28 EPS, Q4 2019 earnings at $0.23 EPS, Q1 2020 earnings at $0.36 EPS, FY2020 earnings at $1.24 EPS and FY2021 earnings at $1.35 EPS.
A number of other analysts have also commented on the company. Hilliard Lyons initiated coverage on Flowers Foods in a research note on Tuesday, April 3rd. They set a “buy” rating and a $25.00 price objective on the stock. Zacks Investment Research raised Flowers Foods from a “hold” rating to a “buy” rating and set a $23.00 price objective on the stock in a research note on Monday, February 19th. KeyCorp started coverage on Flowers Foods in a research note on Tuesday, March 27th. They set an “overweight” rating and a $24.00 price objective on the stock. ValuEngine raised Flowers Foods from a “hold” rating to a “buy” rating in a research note on Wednesday, May 2nd. Finally, Consumer Edge raised Flowers Foods from a “neutral” rating to an “outperform” rating in a research note on Monday, May 21st. Eight research analysts have rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of $22.00.
Shares of FLO traded down $0.09 during trading hours on Monday, reaching $20.28. 1,675,900 shares of the company traded hands, compared to its average volume of 1,356,325. The company has a quick ratio of 1.13, a current ratio of 1.43 and a debt-to-equity ratio of 0.63. The firm has a market cap of $4.42 billion, a P/E ratio of 22.79, a PEG ratio of 2.19 and a beta of 0.63. Flowers Foods has a fifty-two week low of $16.80 and a fifty-two week high of $22.82.
Flowers Foods (NYSE:FLO) last posted its quarterly earnings data on Wednesday, May 16th. The company reported $0.30 EPS for the quarter, missing analysts’ consensus estimates of $0.31 by ($0.01). The company had revenue of $1.21 billion for the quarter, compared to analyst estimates of $1.20 billion. Flowers Foods had a net margin of 3.58% and a return on equity of 15.87%. The firm’s revenue was up 1.5% on a year-over-year basis. During the same period in the previous year, the business earned $0.25 EPS.
Several institutional investors have recently added to or reduced their stakes in the company. BlackRock Inc. raised its holdings in shares of Flowers Foods by 4.0% in the 1st quarter. BlackRock Inc. now owns 15,585,781 shares of the company’s stock worth $340,704,000 after purchasing an additional 602,337 shares during the period. Wellington Shields & Co. LLC raised its holdings in shares of Flowers Foods by 4,675.7% in the 1st quarter. Wellington Shields & Co. LLC now owns 6,678,245 shares of the company’s stock worth $145,986,000 after purchasing an additional 6,538,406 shares during the period. Champlain Investment Partners LLC raised its holdings in shares of Flowers Foods by 1.5% in the 4th quarter. Champlain Investment Partners LLC now owns 6,054,595 shares of the company’s stock worth $116,914,000 after purchasing an additional 87,200 shares during the period. Southeast Asset Advisors Inc. raised its holdings in shares of Flowers Foods by 0.7% in the 1st quarter. Southeast Asset Advisors Inc. now owns 2,117,839 shares of the company’s stock worth $46,296,000 after purchasing an additional 15,633 shares during the period. Finally, Deprince Race & Zollo Inc. raised its holdings in shares of Flowers Foods by 9.4% in the 4th quarter. Deprince Race & Zollo Inc. now owns 2,090,530 shares of the company’s stock worth $40,368,000 after purchasing an additional 180,214 shares during the period. Institutional investors own 66.43% of the company’s stock.
In other Flowers Foods news, insider David M. Roach sold 10,500 shares of the firm’s stock in a transaction dated Tuesday, March 27th. The stock was sold at an average price of $21.11, for a total value of $221,655.00. Following the sale, the insider now directly owns 67,801 shares of the company’s stock, valued at approximately $1,431,279.11. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 15.20% of the stock is currently owned by company insiders.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 21st. Shareholders of record on Thursday, June 7th will be paid a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a yield of 3.55%. This is a positive change from Flowers Foods’s previous quarterly dividend of $0.17. The ex-dividend date is Wednesday, June 6th. Flowers Foods’s dividend payout ratio (DPR) is presently 80.90%.
About Flowers Foods
Flowers Foods, Inc produces and markets bakery products in the United States. It operates through two segments, Direct-Store-Delivery (DSD) and Warehouse Delivery. The DSD segment produces and markets fresh breads, buns, rolls, tortillas, and snack cakes. This segment offers its products primarily under the Nature's Own, Wonder, Cobblestone Bread Company, Tastykake, and Dave's Killer Bread brand names.
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