Flowers Foods (NYSE:FLO) had its price objective lowered by stock analysts at Pivotal Research to $26.00 in a report released on Thursday, February 8th. The brokerage currently has a “buy” rating on the stock. Pivotal Research’s price target suggests a potential upside of 21.78% from the stock’s previous close.
The analysts wrote, “We see 2018 guidance being appropriately conservative on top line, margins and tax rate.””
Several other research analysts have also issued reports on FLO. Zacks Investment Research lowered Flowers Foods from a “hold” rating to a “sell” rating in a research report on Thursday, February 8th. BMO Capital Markets reiterated a “hold” rating and set a $19.00 price target on shares of Flowers Foods in a report on Thursday, November 2nd. SunTrust Banks restated a “hold” rating and issued a $20.00 target price on shares of Flowers Foods in a research note on Friday, November 10th. Finally, TheStreet downgraded Flowers Foods from a “b-” rating to a “c” rating in a research note on Thursday, November 9th. One research analyst has rated the stock with a sell rating, four have given a hold rating, one has assigned a buy rating and one has given a strong buy rating to the stock. Flowers Foods presently has an average rating of “Hold” and an average target price of $21.00.
Flowers Foods (NYSE FLO) traded up $0.44 during trading on Thursday, hitting $21.35. The stock had a trading volume of 1,510,000 shares, compared to its average volume of 1,420,000. The firm has a market capitalization of $4,480.00, a P/E ratio of 44.48, a price-to-earnings-growth ratio of 3.20 and a beta of 0.91. Flowers Foods has a 52 week low of $16.80 and a 52 week high of $21.46. 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 EPS for the quarter, beating the Zacks’ 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 analysts’ expectations of $860.34 million. During the same period in the prior year, the company earned $0.16 EPS. Flowers Foods’s revenue was up .6% compared to the same quarter last year. sell-side analysts predict that Flowers Foods will post 1.07 EPS for the current year.
In related news, insider Tonja W. Taylor sold 4,960 shares of Flowers Foods stock in a transaction that occurred 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 in the company, valued at approximately $431,616.35. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO R Steve Kinsey sold 116,067 shares of Flowers Foods stock in a transaction that occurred on 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. Insiders sold a total of 189,935 shares of company stock worth $3,679,598 in the last ninety days. 15.81% of the stock is currently owned by insiders.
A number of large investors have recently made changes to their positions in FLO. Alliancebernstein L.P. grew its position in Flowers Foods by 5.5% in the second quarter. Alliancebernstein L.P. now owns 110,664 shares of the company’s stock worth $1,916,000 after acquiring an additional 5,733 shares in the last quarter. Ameriprise Financial Inc. lifted its stake in Flowers Foods by 25.3% in the second quarter. Ameriprise Financial Inc. now owns 628,034 shares of the company’s stock worth $10,871,000 after purchasing an additional 126,664 shares during the last quarter. New York State Common Retirement Fund lifted its stake in Flowers Foods by 3.9% in the second quarter. New York State Common Retirement Fund now owns 385,700 shares of the company’s stock worth $6,676,000 after purchasing an additional 14,499 shares during the last quarter. UBS Asset Management Americas Inc. lifted its stake in Flowers Foods by 10.4% in the second quarter. UBS Asset Management Americas Inc. now owns 165,906 shares of the company’s stock worth $2,872,000 after purchasing an additional 15,672 shares during the last quarter. Finally, Northern Trust Corp lifted its stake in Flowers Foods by 2.4% in the second quarter. Northern Trust Corp now owns 1,644,927 shares of the company’s stock worth $28,473,000 after purchasing an additional 37,845 shares during the last quarter. Institutional investors own 66.44% of the company’s stock.
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Flowers Foods Company Profile
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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