Stephens Cuts Flowers Foods (NYSE:FLO) Price Target to $8.00

Flowers Foods (NYSE:FLO) had its price target reduced by research analysts at Stephens from $11.00 to $8.00 in a research note issued on Monday,Benzinga reports. The firm presently has an “equal weight” rating on the stock. Stephens’ price objective points to a potential upside of 11.54% from the company’s current price.

Other analysts have also recently issued reports about the company. Wall Street Zen cut Flowers Foods from a “buy” rating to a “hold” rating in a research report on Sunday, May 3rd. Weiss Ratings cut Flowers Foods from a “sell (d+)” rating to a “sell (d)” rating in a research note on Monday, May 4th. Deutsche Bank Aktiengesellschaft decreased their price target on Flowers Foods from $11.00 to $7.00 and set a “hold” rating for the company in a report on Monday, March 30th. Zacks Research cut shares of Flowers Foods from a “hold” rating to a “strong sell” rating in a research note on Wednesday, February 25th. Finally, BNP Paribas Exane cut their price objective on shares of Flowers Foods from $10.00 to $8.00 and set an “underperform” rating for the company in a research report on Thursday, April 9th. Four equities research analysts have rated the stock with a Hold rating and three have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Reduce” and an average target price of $9.60.

Flowers Foods Stock Down 0.1%

Shares of NYSE:FLO opened at $7.17 on Monday. Flowers Foods has a 1-year low of $7.11 and a 1-year high of $17.32. The company has a debt-to-equity ratio of 1.04, a current ratio of 0.75 and a quick ratio of 0.54. The stock has a market cap of $1.52 billion, a P/E ratio of 17.93 and a beta of 0.46. The firm has a fifty day moving average price of $8.45 and a 200 day moving average price of $10.05.

Flowers Foods (NYSE:FLO) last posted its quarterly earnings data on Thursday, February 12th. The company reported $0.22 EPS for the quarter, beating analysts’ consensus estimates of $0.16 by $0.06. Flowers Foods had a net margin of 1.59% and a return on equity of 16.61%. The company had revenue of $1.23 billion for the quarter, compared to analyst estimates of $1.23 billion. During the same period in the previous year, the business posted $0.22 earnings per share. Flowers Foods’s quarterly revenue was up 11.0% on a year-over-year basis. Sell-side analysts predict that Flowers Foods will post 0.86 EPS for the current year.

Insider Transactions at Flowers Foods

In other Flowers Foods news, CEO Ryals Mcmullian sold 209,000 shares of the firm’s stock in a transaction on Wednesday, April 1st. The stock was sold at an average price of $8.03, for a total value of $1,678,270.00. Following the completion of the sale, the chief executive officer owned 813,380 shares of the company’s stock, valued at approximately $6,531,441.40. This trade represents a 20.44% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 7.23% of the company’s stock.

Hedge Funds Weigh In On Flowers Foods

A number of large investors have recently made changes to their positions in the stock. WealthCollab LLC grew its position in Flowers Foods by 1,623.7% during the fourth quarter. WealthCollab LLC now owns 2,327 shares of the company’s stock worth $25,000 after buying an additional 2,192 shares during the period. Wilmington Savings Fund Society FSB lifted its position in shares of Flowers Foods by 225.6% during the 3rd quarter. Wilmington Savings Fund Society FSB now owns 2,400 shares of the company’s stock valued at $31,000 after acquiring an additional 1,663 shares during the period. Geneos Wealth Management Inc. boosted its stake in shares of Flowers Foods by 64.4% during the 2nd quarter. Geneos Wealth Management Inc. now owns 2,555 shares of the company’s stock worth $41,000 after acquiring an additional 1,001 shares in the last quarter. True Wealth Design LLC grew its holdings in shares of Flowers Foods by 262.9% in the 4th quarter. True Wealth Design LLC now owns 2,620 shares of the company’s stock worth $29,000 after acquiring an additional 1,898 shares during the period. Finally, IFP Advisors Inc grew its holdings in shares of Flowers Foods by 140.7% in the 4th quarter. IFP Advisors Inc now owns 3,025 shares of the company’s stock worth $33,000 after acquiring an additional 1,768 shares during the period. Hedge funds and other institutional investors own 75.45% of the company’s stock.

About Flowers Foods

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.