Flowers Foods Sees Unusually High Options Volume (FLO)
Flowers Foods, Inc. (NYSE:FLO) was the target of unusually large options trading on Monday. Stock investors acquired 1,701 put options on the company. This is an increase of approximately Infinity compared to the average daily volume of 0 put options.
Shares of Flowers Foods (NYSE FLO) opened at $18.70 on Friday. The stock has a market cap of $3,870.00, a P/E ratio of 20.48, a P/E/G ratio of 3.47 and a beta of 1.00. Flowers Foods has a fifty-two week low of $15.27 and a fifty-two week high of $21.00. The company has a quick ratio of 1.07, a current ratio of 1.37 and a debt-to-equity ratio of 0.66.
Flowers Foods (NYSE:FLO) last released its earnings results on Wednesday, November 8th. The company reported $0.23 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.20 by $0.03. Flowers Foods had a net margin of 2.16% and a return on equity of 15.01%. The company had revenue of $932.80 million during the quarter, compared to analyst estimates of $915.55 million. During the same period in the prior year, the firm posted $0.21 EPS. The firm’s quarterly revenue was up 1.5% compared to the same quarter last year. analysts predict that Flowers Foods will post 0.85 earnings per share for the current fiscal year.
In other Flowers Foods news, SVP Karyl H. Lauder sold 28,173 shares of the business’s stock in a transaction dated Tuesday, October 3rd. The stock was sold at an average price of $18.59, for a total value of $523,736.07. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Marta Jones Turner sold 37,062 shares of the business’s stock in a transaction dated Monday, August 21st. The stock was sold at an average price of $17.91, for a total value of $663,780.42. Following the completion of the transaction, the executive vice president now directly owns 266,444 shares of the company’s stock, valued at approximately $4,772,012.04. The disclosure for this sale can be found here. In the last three months, insiders sold 98,735 shares of company stock valued at $1,818,921. 15.81% of the stock is owned by insiders.
Hedge funds have recently bought and sold shares of the business. Cadence Capital Management LLC boosted its stake in Flowers Foods by 25.1% in the 2nd quarter. Cadence Capital Management LLC now owns 34,600 shares of the company’s stock worth $599,000 after purchasing an additional 6,935 shares during the period. Systematic Financial Management LP bought a new position in Flowers Foods in the 2nd quarter worth approximately $1,555,000. Mutual of America Capital Management LLC boosted its position in shares of Flowers Foods by 2.4% during the 3rd quarter. Mutual of America Capital Management LLC now owns 152,873 shares of the company’s stock valued at $2,876,000 after acquiring an additional 3,633 shares during the last quarter. Janus Capital Management LLC boosted its position in shares of Flowers Foods by 123.8% during the 1st quarter. Janus Capital Management LLC now owns 85,700 shares of the company’s stock valued at $1,663,000 after acquiring an additional 47,400 shares during the last quarter. Finally, BTIM Corp. boosted its position in shares of Flowers Foods by 4.0% during the 2nd quarter. BTIM Corp. now owns 1,185,145 shares of the company’s stock valued at $20,515,000 after acquiring an additional 46,117 shares during the last quarter. Institutional investors and hedge funds own 65.07% of the company’s stock.
FLO has been the subject of several research reports. Zacks Investment Research raised shares of Flowers Foods from a “sell” rating to a “hold” rating in a research report on Tuesday, July 18th. BMO Capital Markets reaffirmed a “hold” rating and set a $19.00 price target on shares of Flowers Foods in a research report on Thursday, July 20th. BidaskClub raised shares of Flowers Foods from a “hold” rating to a “buy” rating in a research report on Tuesday, July 25th. Jefferies Group LLC lowered shares of Flowers Foods from a “buy” rating to a “hold” rating and reduced their price target for the company from $23.00 to $19.00 in a research report on Friday, July 28th. Finally, Pivotal Research raised shares of Flowers Foods from a “hold” rating to a “buy” rating and set a $23.00 price target for the company in a research report on Thursday. Three analysts have rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average target price of $21.60.
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.