Flowers Foods, Inc. (FLO) Receives Average Rating of “Buy” from Brokerages
Flowers Foods, Inc. (NYSE:FLO) has received an average recommendation of “Buy” from the eleven analysts that are presently covering the firm, Marketbeat.com reports. Six investment analysts have rated the stock with a hold recommendation, three have given a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month target price among brokers that have updated their coverage on the stock in the last year is $19.67.
FLO has been the subject of a number of research reports. BidaskClub raised shares of Flowers Foods from a “hold” rating to a “buy” rating in a research note on Wednesday, August 9th. Zacks Investment Research raised shares of Flowers Foods from a “sell” rating to a “hold” rating in a research note on Tuesday. Jefferies Group LLC cut shares of Flowers Foods from a “buy” rating to a “hold” rating and cut their target price for the stock from $23.00 to $19.00 in a research note on Friday, July 28th. Finally, BMO Capital Markets reaffirmed a “hold” rating and set a $19.00 price objective on shares of Flowers Foods in a research note on Thursday, July 20th.
In other Flowers Foods news, insider Robert L. Benton, Jr. sold 15,000 shares of the business’s stock in a transaction dated Monday, October 2nd. The shares were sold at an average price of $18.87, for a total value of $283,050.00. Following the transaction, the insider now directly owns 81,677 shares in the company, valued at approximately $1,541,244.99. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Chairman Amos R. Mcmullian bought 20,000 shares of the firm’s stock in a transaction on Monday, August 14th. The stock was purchased at an average price of $17.91 per share, for a total transaction of $358,200.00. Following the completion of the acquisition, the chairman now directly owns 3,643,717 shares in the company, valued at $65,258,971.47. The disclosure for this purchase can be found here. In the last ninety days, insiders have sold 98,735 shares of company stock valued at $1,818,921. 15.81% of the stock is owned by corporate insiders.
A number of large investors have recently bought and sold shares of the business. Utah Retirement Systems boosted its holdings in Flowers Foods by 0.3% in the 1st quarter. Utah Retirement Systems now owns 31,509 shares of the company’s stock valued at $612,000 after purchasing an additional 100 shares during the last quarter. Teacher Retirement System of Texas boosted its holdings in Flowers Foods by 3.3% in the 2nd quarter. Teacher Retirement System of Texas now owns 15,051 shares of the company’s stock valued at $261,000 after purchasing an additional 480 shares during the last quarter. Botty Investors LLC boosted its holdings in Flowers Foods by 2.5% in the 2nd quarter. Botty Investors LLC now owns 19,940 shares of the company’s stock valued at $345,000 after purchasing an additional 485 shares during the last quarter. Ledyard National Bank boosted its holdings in Flowers Foods by 6.0% in the 2nd quarter. Ledyard National Bank now owns 8,810 shares of the company’s stock valued at $153,000 after purchasing an additional 500 shares during the last quarter. Finally, Metropolitan Life Insurance Co. NY boosted its holdings in Flowers Foods by 0.3% in the 1st quarter. Metropolitan Life Insurance Co. NY now owns 177,352 shares of the company’s stock valued at $3,442,000 after purchasing an additional 572 shares during the last quarter. Institutional investors own 64.66% of the company’s stock.
ILLEGAL ACTIVITY WARNING: “Flowers Foods, Inc. (FLO) Receives Average Rating of “Buy” from Brokerages” was posted by Watch List News and is the sole property of of Watch List News. If you are accessing this report on another website, it was illegally stolen and reposted in violation of US & international copyright and trademark laws. The legal version of this report can be accessed at https://www.watchlistnews.com/flowers-foods-inc-flo-receives-average-rating-of-buy-from-brokerages/1639664.html.
Flowers Foods (NYSE FLO) traded down 0.37% on Wednesday, hitting $18.75. 824,101 shares of the company’s stock traded hands. Flowers Foods has a one year low of $15.03 and a one year high of $21.00. The stock has a 50-day moving average of $18.33 and a 200-day moving average of $18.32. The stock has a market cap of $3.93 billion, a PE ratio of 24.70 and a beta of 1.01.
Flowers Foods (NYSE:FLO) last released its earnings results on Wednesday, August 9th. The company reported $0.24 EPS for the quarter, topping analysts’ consensus estimates of $0.23 by $0.01. The business had revenue of $926.64 million during the quarter, compared to analysts’ expectations of $931.26 million. Flowers Foods had a net margin of 4.06% and a return on equity of 14.79%. The company’s quarterly revenue was down .9% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.26 earnings per share. On average, equities analysts forecast that Flowers Foods will post $0.85 earnings per share for the current fiscal year.
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.
Receive News & Ratings for Flowers Foods Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Flowers Foods Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.