Flowers Foods, Inc. (NYSE:FLO) – Investment analysts at SunTrust Banks reduced their Q3 2017 earnings per share (EPS) estimates for Flowers Foods in a research note issued on Thursday. SunTrust Banks analyst W. Chappell now anticipates that the company will post earnings of $0.18 per share for the quarter, down from their prior forecast of $0.19. SunTrust Banks also issued estimates for Flowers Foods’ FY2017 earnings at $0.82 EPS.

A number of other research analysts have also recently weighed in on the stock. BidaskClub upgraded shares of Flowers Foods from a “hold” rating to a “buy” rating in a research note on Wednesday. Jefferies Group LLC downgraded 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 report on Friday, July 28th. BMO Capital Markets reiterated a “hold” rating and issued a $19.00 price target on shares of Flowers Foods in a report on Thursday, July 20th. Zacks Investment Research upgraded shares of Flowers Foods from a “sell” rating to a “hold” rating in a report on Tuesday, July 18th. Finally, TheStreet upgraded shares of Flowers Foods from a “c+” rating to a “b-” rating in a report on Thursday, May 18th. Six investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $19.57.

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Flowers Foods (NYSE:FLO) opened at 17.40 on Friday. Flowers Foods has a 12 month low of $14.51 and a 12 month high of $21.00. The stock has a market capitalization of $3.64 billion, a price-to-earnings ratio of 22.92 and a beta of 0.97. The company has a 50-day moving average of $17.52 and a 200 day moving average of $18.83.

Flowers Foods (NYSE:FLO) last announced its earnings results on Wednesday, August 9th. The company reported $0.24 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.23 by $0.01. Flowers Foods had a net margin of 4.06% and a return on equity of 14.96%. The company had revenue of $926.64 million during the quarter, compared to analyst estimates of $931.26 million. During the same period in the previous year, the business earned $0.26 earnings per share. The firm’s quarterly revenue was down .9% compared to the same quarter last year.

Several hedge funds have recently bought and sold shares of FLO. Teachers Advisors LLC boosted its position in Flowers Foods by 3.3% in the fourth quarter. Teachers Advisors LLC now owns 166,593 shares of the company’s stock worth $3,327,000 after buying an additional 5,286 shares in the last quarter. Parametrica Management Ltd purchased a new position in Flowers Foods during the first quarter worth approximately $229,000. Americafirst Capital Management LLC purchased a new position in Flowers Foods during the first quarter worth approximately $1,683,000. Louisiana State Employees Retirement System boosted its position in Flowers Foods by 2.7% in the first quarter. Louisiana State Employees Retirement System now owns 46,400 shares of the company’s stock worth $901,000 after buying an additional 1,200 shares in the last quarter. Finally, Edmp Inc. purchased a new position in Flowers Foods during the first quarter worth approximately $194,000. Hedge funds and other institutional investors own 66.64% of the company’s stock.

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.

Earnings History and Estimates for Flowers Foods (NYSE:FLO)

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