Flowers Foods (NYSE:FLO) Price Target Cut to $6.00 by Analysts at Stephens

Flowers Foods (NYSE:FLO) had its price target cut by stock analysts at Stephens from $8.00 to $6.00 in a research report issued to clients and investors on Monday,Benzinga reports. The firm presently has an “equal weight” rating on the stock. Stephens’ price objective would suggest a potential downside of 14.29% from the company’s current price.

Several other equities analysts have also recently weighed in on the company. Wall Street Zen cut Flowers Foods from a “buy” rating to a “hold” rating in a report on Sunday, May 3rd. Jefferies Financial Group set a $7.00 target price on Flowers Foods in a research report on Monday, August 3rd. Zacks Research raised shares of Flowers Foods from a “strong sell” rating to a “hold” rating in a research report on Thursday, May 21st. Finally, Weiss Ratings cut shares of Flowers Foods from a “sell (d+)” rating to a “sell (d)” rating in a research note on Thursday, August 13th. Four research analysts have rated the stock with a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, Flowers Foods currently has a consensus rating of “Reduce” and an average target price of $7.60.

Flowers Foods Price Performance

Shares of NYSE:FLO opened at $7.00 on Monday. The company has a debt-to-equity ratio of 0.97, a quick ratio of 0.57 and a current ratio of 0.77. The firm has a market cap of $1.48 billion, a price-to-earnings ratio of 26.92 and a beta of 0.40. The business has a 50-day simple moving average of $7.78 and a two-hundred day simple moving average of $8.41. Flowers Foods has a fifty-two week low of $6.80 and a fifty-two week high of $15.98.

Flowers Foods (NYSE:FLO) last announced its quarterly earnings results on Thursday, August 20th. The company reported $0.21 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.22 by ($0.01). Flowers Foods had a net margin of 1.06% and a return on equity of 14.91%. The company had revenue of $1.19 billion for the quarter, compared to analysts’ expectations of $1.23 billion. During the same period in the previous year, the business earned $0.28 EPS. The business’s revenue was down 4.0% compared to the same quarter last year. Flowers Foods has set its FY 2026 guidance at 0.750-0.850 EPS. On average, analysts expect that Flowers Foods will post 0.83 earnings per share for the current year.

Insider Transactions at Flowers Foods

In other Flowers Foods news, CFO Diego Anthony Scaglione purchased 5,000 shares of the stock in a transaction that occurred on Monday, June 8th. The shares were bought at an average cost of $7.51 per share, with a total value of $37,550.00. Following the acquisition, the chief financial officer owned 194,180 shares in the company, valued at approximately $1,458,291.80. This trade represents a 2.64% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Company insiders own 7.23% of the company’s stock.

Institutional Investors Weigh In On Flowers Foods

Several institutional investors and hedge funds have recently modified their holdings of FLO. Vanguard Group Inc. raised its position in shares of Flowers Foods by 3.6% during the 4th quarter. Vanguard Group Inc. now owns 21,091,556 shares of the company’s stock valued at $229,476,000 after buying an additional 736,624 shares in the last quarter. Commonwealth Equity Services LLC grew its position in Flowers Foods by 1,515.5% in the fourth quarter. Commonwealth Equity Services LLC now owns 357,726 shares of the company’s stock worth $3,892,000 after acquiring an additional 335,582 shares in the last quarter. Bank of America Corp DE increased its stake in Flowers Foods by 21.1% during the first quarter. Bank of America Corp DE now owns 1,862,467 shares of the company’s stock worth $15,179,000 after acquiring an additional 324,229 shares during the last quarter. Y Intercept Hong Kong Ltd raised its position in Flowers Foods by 144.8% during the first quarter. Y Intercept Hong Kong Ltd now owns 341,394 shares of the company’s stock valued at $2,782,000 after purchasing an additional 201,946 shares during the period. Finally, Measured Risk Portfolios Inc. raised its position in Flowers Foods by 457.1% during the first quarter. Measured Risk Portfolios Inc. now owns 213,007 shares of the company’s stock valued at $1,736,000 after purchasing an additional 174,771 shares during the period. Institutional investors own 75.45% of the company’s stock.

Flowers Foods Company Profile

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.