Flowers Foods (NYSE:FLO) Releases Earnings Results, Misses Estimates By $0.03 EPS

Flowers Foods (NYSE:FLO) announced its earnings results on Friday. The company reported $0.35 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.38 by ($0.03), RTT News reports. Flowers Foods had a return on equity of 19.48% and a net margin of 4.86%. The firm had revenue of $1.55 billion for the quarter, compared to analyst estimates of $1.60 billion. During the same quarter last year, the business posted $0.38 EPS. The firm’s revenue was down 1.4% compared to the same quarter last year. Flowers Foods updated its FY 2025 guidance to 1.050-1.150 EPS.

Flowers Foods Stock Up 1.3%

Shares of FLO opened at $17.29 on Friday. The firm has a market cap of $3.65 billion, a PE ratio of 14.77, a price-to-earnings-growth ratio of 8.72 and a beta of 0.37. The company’s fifty day moving average is $18.10 and its two-hundred day moving average is $19.62. Flowers Foods has a fifty-two week low of $16.43 and a fifty-two week high of $24.81. The company has a quick ratio of 0.95, a current ratio of 1.20 and a debt-to-equity ratio of 0.72.

Analysts Set New Price Targets

A number of analysts recently issued reports on FLO shares. Truist Financial decreased their target price on shares of Flowers Foods from $23.00 to $20.00 and set a “hold” rating on the stock in a research report on Monday, February 10th. Jefferies Financial Group decreased their target price on shares of Flowers Foods from $20.00 to $16.00 and set a “hold” rating on the stock in a research report on Friday. Finally, DA Davidson decreased their target price on shares of Flowers Foods from $24.00 to $21.00 and set a “neutral” rating on the stock in a research report on Monday, February 10th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and one has assigned a buy rating to the company’s stock. According to MarketBeat.com, Flowers Foods presently has an average rating of “Hold” and an average target price of $19.25.

Hedge Funds Weigh In On Flowers Foods

A number of hedge funds have recently made changes to their positions in FLO. Integrated Wealth Concepts LLC acquired a new position in shares of Flowers Foods in the 1st quarter valued at $499,000. Empowered Funds LLC boosted its holdings in shares of Flowers Foods by 10.6% in the 1st quarter. Empowered Funds LLC now owns 150,404 shares of the company’s stock valued at $2,859,000 after purchasing an additional 14,476 shares during the last quarter. Millennium Management LLC boosted its holdings in shares of Flowers Foods by 209.6% in the 1st quarter. Millennium Management LLC now owns 949,688 shares of the company’s stock valued at $18,054,000 after purchasing an additional 642,942 shares during the last quarter. Finally, Goldman Sachs Group Inc. boosted its holdings in shares of Flowers Foods by 7.2% in the 1st quarter. Goldman Sachs Group Inc. now owns 976,456 shares of the company’s stock valued at $18,562,000 after purchasing an additional 65,258 shares during the last quarter. Institutional investors and hedge funds own 75.45% of the company’s stock.

About Flowers Foods

Flowers Foods, Inc produces and markets packaged bakery food products in the United States. Its principal products include fresh breads, buns, rolls, snack items, bagels, English muffins, and tortillas, as well as frozen breads and rolls under the Nature's Own, Dave's Killer Bread, Wonder, Canyon Bakehouse, Mrs.