Somewhat Favorable Media Coverage Somewhat Unlikely to Affect Flowers Foods (FLO) Stock Price
Press coverage about Flowers Foods (NYSE:FLO) has been trending somewhat positive on Thursday, according to Accern Sentiment Analysis. The research group scores the sentiment of press coverage by analyzing more than 20 million news and blog sources in real time. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. Flowers Foods earned a news impact score of 0.09 on Accern’s scale. Accern also assigned news coverage about the company an impact score of 46.5703830700226 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.
Here are some of the news articles that may have effected Accern Sentiment Analysis’s analysis:
- Texarkana Industrial Index: 116.6 (texarkanagazette.com)
- Flowers Foods (FLO) Rating Lowered to Hold at Zacks Investment Research (americanbankingnews.com)
- Pivotal Research Increases Flowers Foods (FLO) Price Target to $26.00 (americanbankingnews.com)
- Form 8-K FLOWERS FOODS INC For: Jan 04 (streetinsider.com)
- BRIEF-Flowers Foods Says Issued Trade Notice Informing Some Third-Party Customers Of Voluntary Recall Of Unbaked Frozen Biscuits (feeds.reuters.com)
Flowers Foods (FLO) opened at $19.22 on Thursday. Flowers Foods has a 1 year low of $16.80 and a 1 year high of $21.00. The company has a debt-to-equity ratio of 0.71, a current ratio of 1.28 and a quick ratio of 1.01. The firm has a market cap of $4,030.00, a price-to-earnings ratio of 48.05, a P/E/G ratio of 3.16 and a beta of 1.04.
A number of research firms recently weighed in on FLO. Zacks Investment Research lowered shares of Flowers Foods from a “strong-buy” rating to a “hold” rating in a research report on Friday, January 12th. Pivotal Research reiterated a “buy” rating and issued a $26.00 price objective (up from $23.00) on shares of Flowers Foods in a research report on Friday, January 12th. BMO Capital Markets lifted their price objective on shares of Flowers Foods from $19.00 to $20.00 and gave the company a “market perform” rating in a research report on Wednesday, November 15th. SunTrust Banks reiterated a “hold” rating and issued a $20.00 price objective on shares of Flowers Foods in a research report on Friday, November 10th. Finally, TheStreet lowered shares of Flowers Foods from a “b-” rating to a “c” rating in a research report on Thursday, November 9th. Four analysts have rated the stock with a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company. The company currently has an average rating of “Buy” and an average price target of $21.20.
In other Flowers Foods news, insider Brad K. Alexander sold 81,000 shares of the business’s stock in a transaction on Tuesday, November 14th. The shares were sold at an average price of $19.07, for a total transaction of $1,544,670.00. Following the sale, the insider now directly owns 245,412 shares in the company, valued at approximately $4,680,006.84. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Allen L. Shiver sold 177,081 shares of the business’s stock in a transaction on Monday, November 13th. The stock was sold at an average price of $19.00, for a total transaction of $3,364,539.00. Following the sale, the chief executive officer now owns 978,353 shares in the company, valued at $18,588,707. The disclosure for this sale can be found here. Insiders have sold a total of 448,016 shares of company stock worth $8,588,807 over the last 90 days. Insiders own 15.81% 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.
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