Flowers Foods, Inc. (FLO) Given Hold Rating at BMO Capital Markets
A number of other equities analysts also recently weighed in on FLO. BidaskClub downgraded shares of Flowers Foods from a buy rating to a hold rating in a research note on Wednesday, July 5th. Zacks Investment Research raised shares of Flowers Foods from a sell rating to a hold rating in a research note on Tuesday, July 18th. Finally, Jefferies Group LLC downgraded shares of Flowers Foods from a buy rating to a hold rating and decreased their target price for the company from $23.00 to $19.00 in a research note on Friday, July 28th. Five investment analysts have rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has a consensus rating of Buy and a consensus target price of $19.67.
Flowers Foods (NYSE FLO) traded down $0.39 during mid-day trading on Thursday, reaching $18.34. 1,235,406 shares of the company were exchanged, compared to its average volume of 766,496. Flowers Foods has a 12 month low of $15.05 and a 12 month high of $21.00. The company has a market capitalization of $3,839.39, a P/E ratio of 21.33, a P/E/G ratio of 3.53 and a beta of 1.00. The company has a current ratio of 1.37, a quick ratio of 1.07 and a debt-to-equity ratio of 0.66.
Flowers Foods (NYSE:FLO) last announced its earnings results on Wednesday, August 9th. The company reported $0.24 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.23 by $0.01. Flowers Foods had a net margin of 4.06% and a return on equity of 14.79%. The business had revenue of $926.64 million during the quarter, compared to the consensus estimate of $931.26 million. During the same quarter last year, the firm earned $0.26 earnings per share. The business’s revenue for the quarter was down .9% on a year-over-year basis. equities research analysts anticipate that Flowers Foods will post 0.85 earnings per share for the current year.
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In other news, insider Robert L. Benton, Jr. sold 18,500 shares of the stock in a transaction that occurred on Tuesday, October 3rd. The shares were sold at an average price of $18.83, for a total transaction of $348,355.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, SVP Karyl H. Lauder sold 28,173 shares of the stock in a transaction that occurred on Tuesday, October 3rd. The shares were sold at an average price of $18.59, for a total transaction of $523,736.07. The disclosure for this sale can be found here. In the last quarter, insiders have sold 98,735 shares of company stock worth $1,818,921. Corporate insiders own 15.81% of the company’s stock.
Several large investors have recently bought and sold shares of FLO. Wellington Management Group LLP purchased a new stake in shares of Flowers Foods during the first quarter valued at approximately $762,000. Teachers Advisors LLC grew its holdings in shares of Flowers Foods by 42.5% during the first quarter. Teachers Advisors LLC now owns 237,312 shares of the company’s stock valued at $4,606,000 after buying an additional 70,719 shares during the last quarter. Geode Capital Management LLC grew its holdings in shares of Flowers Foods by 7.4% during the first quarter. Geode Capital Management LLC now owns 1,349,190 shares of the company’s stock valued at $26,187,000 after buying an additional 92,836 shares during the last quarter. Dimensional Fund Advisors LP grew its holdings in shares of Flowers Foods by 22.1% during the first quarter. Dimensional Fund Advisors LP now owns 1,711,552 shares of the company’s stock valued at $33,221,000 after buying an additional 309,420 shares during the last quarter. Finally, BlackRock Inc. grew its holdings in shares of Flowers Foods by 13,803.5% during the first quarter. BlackRock Inc. now owns 14,447,449 shares of the company’s stock valued at $280,425,000 after buying an additional 14,343,537 shares during the last quarter. Hedge funds and other institutional investors own 64.93% of the company’s stock.
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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