Flowers Foods, Inc. (NYSE:FLO) Receives $19.67 Consensus PT from Brokerages
Flowers Foods, Inc. (NYSE:FLO) has earned a consensus rating of “Hold” from the eleven analysts that are currently covering the firm, Marketbeat reports. Seven analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average 1-year price objective among analysts that have issued ratings on the stock in the last year is $19.67.
A number of brokerages have recently commented on FLO. Zacks Investment Research cut Flowers Foods from a “hold” rating to a “sell” rating in a research report on Tuesday, April 18th. Jefferies Group LLC reaffirmed a “buy” rating and set a $23.00 price target on shares of Flowers Foods in a research report on Friday, May 26th. TheStreet upgraded Flowers Foods from a “c+” rating to a “b-” rating in a research note on Thursday, May 18th. BidaskClub upgraded Flowers Foods from a “hold” rating to a “buy” rating in a research note on Thursday, June 29th. Finally, BMO Capital Markets reiterated a “hold” rating and set a $19.00 price objective on shares of Flowers Foods in a research note on Thursday, July 20th.
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Several hedge funds have recently added to or reduced their stakes in the stock. GAM Holding AG raised its stake in Flowers Foods by 4.9% in the second quarter. GAM Holding AG now owns 583,637 shares of the company’s stock worth $10,103,000 after buying an additional 27,079 shares during the last quarter. Cadence Capital Management LLC raised its position in shares of Flowers Foods by 25.1% in the second quarter. Cadence Capital Management LLC now owns 34,600 shares of the company’s stock worth $599,000 after buying an additional 6,935 shares in the last quarter. FCA Corp TX raised its position in shares of Flowers Foods by 0.9% in the second quarter. FCA Corp TX now owns 77,717 shares of the company’s stock worth $1,345,000 after buying an additional 677 shares in the last quarter. State Board of Administration of Florida Retirement System raised its position in shares of Flowers Foods by 1.3% in the second quarter. State Board of Administration of Florida Retirement System now owns 277,727 shares of the company’s stock worth $4,807,000 after buying an additional 3,490 shares in the last quarter. Finally, Deprince Race & Zollo Inc. raised its position in shares of Flowers Foods by 120.8% in the second quarter. Deprince Race & Zollo Inc. now owns 1,708,776 shares of the company’s stock worth $29,579,000 after buying an additional 934,699 shares in the last quarter. Institutional investors own 66.64% of the company’s stock.
Flowers Foods (NYSE:FLO) opened at 17.71 on Friday. The company has a market cap of $3.71 billion, a PE ratio of 22.45 and a beta of 0.97. The company has a 50 day moving average price of $17.58 and a 200-day moving average price of $18.91. Flowers Foods has a 12 month low of $14.35 and a 12 month high of $21.00.
Flowers Foods (NYSE:FLO) last issued its quarterly earnings results on Wednesday, May 17th. The company reported $0.25 EPS for the quarter, meeting analysts’ consensus estimates of $0.25. Flowers Foods had a return on equity of 15.39% and a net margin of 4.22%. The firm had revenue of $1.19 billion for the quarter, compared to analysts’ expectations of $1.21 billion. During the same quarter in the prior year, the firm earned $0.28 EPS. The business’s revenue for the quarter was down 1.4% compared to the same quarter last year. Equities analysts predict that Flowers Foods will post $0.87 earnings per share for the current fiscal year.
Flowers Foods Company Profile
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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