Flowers Foods Target of Unusually High Options Trading (FLO)

Flowers Foods, Inc. (NYSE:FLO) was the target of some unusual options trading on Monday. Stock investors purchased 1,296 put options on the stock. This is an increase of approximately 1,443% compared to the average daily volume of 84 put options.

Several brokerages have recently issued reports on FLO. TheStreet raised Flowers Foods from a “c+” rating to a “b” rating in a report on Wednesday, February 7th. Stephens reissued a “hold” rating and issued a $20.00 price objective on shares of Flowers Foods in a report on Friday, February 9th. Zacks Investment Research cut Flowers Foods from a “hold” rating to a “sell” rating in a report on Thursday, February 8th. Pivotal Research reduced their price target on Flowers Foods to $26.00 and set a “buy” rating for the company in a report on Thursday, February 8th. Finally, 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. Four 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. Flowers Foods presently has a consensus rating of “Buy” and an average price target of $21.33.

Flowers Foods (NYSE:FLO) opened at $21.01 on Wednesday. The firm has a market capitalization of $4,400.00, a PE ratio of 43.77, a P/E/G ratio of 3.27 and a beta of 0.91. Flowers Foods has a fifty-two week low of $16.80 and a fifty-two 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 released its quarterly earnings results on Wednesday, February 7th. The company reported $0.17 earnings per share for the quarter, topping analysts’ consensus estimates of $0.14 by $0.03. The company had revenue of $873.60 million during the quarter, compared to analysts’ expectations of $860.34 million. Flowers Foods had a return on equity of 15.17% and a net margin of 3.83%. Flowers Foods’s quarterly revenue was up .6% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.16 EPS. analysts forecast that Flowers Foods will post 1.07 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 16th. Investors of record on Friday, March 2nd will be issued a $0.17 dividend. The ex-dividend date is Thursday, March 1st. This represents a $0.68 dividend on an annualized basis and a yield of 3.24%. Flowers Foods’s payout ratio is 141.67%.

In other news, insider Stephen R. Avera sold 68,908 shares of the business’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 completion of the transaction, the insider now owns 553,989 shares of the company’s stock, valued at approximately $10,708,607.37. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO R Steve Kinsey sold 116,067 shares of the business’s stock in a transaction dated Wednesday, November 29th. The shares were sold at an average price of $19.39, for a total value of $2,250,539.13. The disclosure for this sale can be found here. Insiders own 15.81% of the company’s stock.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in FLO. Truewealth LLC acquired a new position in Flowers Foods in the 4th quarter worth about $119,000. Ffcm LLC increased its stake in Flowers Foods by 1,298.6% during the 3rd quarter. Ffcm LLC now owns 6,965 shares of the company’s stock worth $131,000 after buying an additional 6,467 shares in the last quarter. Advisor Group Inc. increased its stake in Flowers Foods by 77.8% during the 4th quarter. Advisor Group Inc. now owns 6,831 shares of the company’s stock worth $132,000 after buying an additional 2,990 shares in the last quarter. BB&T Securities LLC purchased a new stake in Flowers Foods during the 3rd quarter worth approximately $192,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its stake in Flowers Foods by 48.7% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 9,976 shares of the company’s stock worth $193,000 after buying an additional 3,266 shares in the last quarter. 63.34% 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.

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