SummitTX Capital L.P. Buys 113,438 Shares of Flowers Foods, Inc. $FLO

SummitTX Capital L.P. lifted its stake in Flowers Foods, Inc. (NYSE:FLO) by 27.8% in the 1st quarter, Holdings Channel.com reports. The firm owned 522,209 shares of the company’s stock after buying an additional 113,438 shares during the quarter. SummitTX Capital L.P.’s holdings in Flowers Foods were worth $4,256,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of FLO. Larson Financial Group LLC grew its position in Flowers Foods by 34.9% during the 4th quarter. Larson Financial Group LLC now owns 3,272 shares of the company’s stock valued at $36,000 after purchasing an additional 846 shares during the last quarter. Geneos Wealth Management Inc. raised its holdings in Flowers Foods by 64.4% in the second quarter. Geneos Wealth Management Inc. now owns 2,555 shares of the company’s stock worth $41,000 after buying an additional 1,001 shares during the last quarter. HB Wealth Management LLC lifted its stake in shares of Flowers Foods by 7.6% in the first quarter. HB Wealth Management LLC now owns 16,256 shares of the company’s stock worth $132,000 after buying an additional 1,155 shares in the last quarter. Oregon Public Employees Retirement Fund lifted its stake in shares of Flowers Foods by 3.1% in the first quarter. Oregon Public Employees Retirement Fund now owns 43,305 shares of the company’s stock worth $353,000 after buying an additional 1,300 shares in the last quarter. Finally, Treasurer of the State of North Carolina grew its holdings in shares of Flowers Foods by 1.7% during the second quarter. Treasurer of the State of North Carolina now owns 87,202 shares of the company’s stock valued at $1,393,000 after buying an additional 1,455 shares during the last quarter. Institutional investors own 75.45% of the company’s stock.

Flowers Foods Price Performance

NYSE FLO opened at $7.65 on Tuesday. The stock has a market capitalization of $1.62 billion, a price-to-earnings ratio of 21.85 and a beta of 0.39. Flowers Foods, Inc. has a 1-year low of $6.80 and a 1-year high of $16.85. The company has a debt-to-equity ratio of 1.02, a current ratio of 0.77 and a quick ratio of 0.57. The business’s fifty day moving average price is $7.89 and its 200-day moving average price is $8.89.

Flowers Foods (NYSE:FLO) last issued its quarterly earnings data on Thursday, May 21st. The company reported $0.29 EPS for the quarter, topping the consensus estimate of $0.28 by $0.01. The company had revenue of $1.57 billion during the quarter, compared to analyst estimates of $1.58 billion. Flowers Foods had a return on equity of 15.98% and a net margin of 1.38%.Flowers Foods’s revenue was up 1.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.35 earnings per share. Flowers Foods has set its FY 2026 guidance at 0.800-0.900 EPS. On average, equities analysts predict that Flowers Foods, Inc. will post 0.85 earnings per share for the current year.

Flowers Foods Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, June 26th. Shareholders of record on Friday, June 12th were given a $0.125 dividend. This represents a $0.50 annualized dividend and a yield of 6.5%. The ex-dividend date of this dividend was Friday, June 12th. Flowers Foods’s dividend payout ratio (DPR) is presently 142.86%.

Analyst Ratings Changes

Several brokerages recently weighed in on FLO. Zacks Research raised shares of Flowers Foods from a “strong sell” rating to a “hold” rating in a research report on Thursday, May 21st. Deutsche Bank Aktiengesellschaft lowered their price objective on Flowers Foods from $11.00 to $7.00 and set a “hold” rating on the stock in a research report on Monday, March 30th. Stephens reduced their target price on Flowers Foods from $11.00 to $8.00 and set an “equal weight” rating for the company in a report on Monday, May 18th. BNP Paribas Exane decreased their price target on Flowers Foods from $10.00 to $8.00 and set an “underperform” rating for the company in a research note on Thursday, April 9th. Finally, Weiss Ratings downgraded Flowers Foods from a “sell (d+)” rating to a “sell (d)” rating in a report on Monday, May 4th. Five investment analysts have rated the stock with a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Reduce” and an average target price of $9.60.

Insider Activity

In other Flowers Foods news, CFO Diego Anthony Scaglione purchased 5,000 shares of Flowers Foods stock in a transaction dated Monday, June 8th. The stock was purchased at an average price of $7.51 per share, with a total value of $37,550.00. Following the transaction, the chief financial officer directly owned 194,180 shares of the company’s stock, valued at $1,458,291.80. This trade represents a 2.64% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 7.23% of the stock is currently owned by corporate insiders.

About Flowers Foods

Flowers Foods, Inc is one of the largest producers of packaged bakery foods in the United States, offering a variety of fresh bread, buns, rolls, snack cakes and tortillas. Headquartered in Thomasville, Georgia, the company operates an extensive network of bakeries and distribution centers that serve retail grocery chains, convenience stores, mass merchandisers and foodservice customers nationwide. Flowers Foods markets its products under well-known brands such as Nature’s Own, Wonder, Dave’s Killer Bread, Mrs.