Flowers Foods, Inc. (NYSE:FLO) – Research analysts at Jefferies Group raised their Q4 2018 EPS estimates for Flowers Foods in a research note issued on Wednesday. Jefferies Group analyst A. Jagdale now anticipates that the company will post earnings per share of $0.20 for the quarter, up from their previous estimate of $0.17.
Several other analysts have also weighed in on FLO. BMO Capital Markets reiterated a “hold” rating and issued a $19.00 price objective on shares of Flowers Foods in a research note on Thursday, November 2nd. Pivotal Research upgraded 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 note on Thursday, November 9th. TheStreet lowered shares of Flowers Foods from a “b-” rating to a “c” rating in a research note on Thursday, November 9th. SunTrust Banks restated a “hold” rating and set a $20.00 price target on shares of Flowers Foods in a research note on Friday, November 10th. Finally, Zacks Investment Research upgraded shares of Flowers Foods from a “hold” rating to a “buy” rating and set a $21.00 price target for the company in a research note on Monday, November 13th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating, one has given a buy rating and one has given a strong buy rating to the company. The stock has an average rating of “Hold” and an average target price of $21.00.
Flowers Foods (NYSE:FLO) last released its quarterly earnings data on Wednesday, February 7th. The company reported $0.17 earnings per share for the quarter, beating the consensus estimate of $0.14 by $0.03. The company had revenue of $873.60 million during the quarter, compared to analyst estimates of $860.34 million. Flowers Foods had a net margin of 3.83% and a return on equity of 15.17%. Flowers Foods’s revenue for the quarter was up .6% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.16 EPS.
The firm also recently declared a quarterly dividend, which will be paid on Friday, March 16th. Shareholders of record on Friday, March 2nd will be paid a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a yield of 3.19%. Flowers Foods’s dividend payout ratio (DPR) is presently 95.77%.
In other Flowers Foods news, insider Tonja W. Taylor sold 4,960 shares of Flowers Foods stock in a transaction on Tuesday, November 21st. The shares were sold at an average price of $19.57, for a total transaction of $97,067.20. Following the transaction, the insider now directly owns 22,055 shares of the company’s stock, valued at approximately $431,616.35. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO R Steve Kinsey sold 116,067 shares of Flowers Foods stock in a transaction on Wednesday, November 29th. The stock was sold at an average price of $19.39, for a total transaction of $2,250,539.13. The disclosure for this sale can be found here. Insiders have sold a total of 189,935 shares of company stock valued at $3,679,598 in the last 90 days. 15.81% of the stock is currently owned by company insiders.
A number of institutional investors and hedge funds have recently bought and sold shares of FLO. Alliancebernstein L.P. boosted its holdings in Flowers Foods by 5.5% during the 2nd quarter. Alliancebernstein L.P. now owns 110,664 shares of the company’s stock worth $1,916,000 after acquiring an additional 5,733 shares during the last quarter. Northern Trust Corp boosted its holdings in Flowers Foods by 2.4% during the 2nd quarter. Northern Trust Corp now owns 1,644,927 shares of the company’s stock worth $28,473,000 after acquiring an additional 37,845 shares during the last quarter. Dimensional Fund Advisors LP boosted its holdings in Flowers Foods by 20.0% during the 2nd quarter. Dimensional Fund Advisors LP now owns 2,054,115 shares of the company’s stock worth $35,558,000 after acquiring an additional 342,563 shares during the last quarter. Janus Henderson Group PLC purchased a new position in Flowers Foods during the 2nd quarter worth $4,980,000. Finally, State Street Corp boosted its holdings in Flowers Foods by 1.1% during the 2nd quarter. State Street Corp now owns 4,781,357 shares of the company’s stock worth $82,762,000 after acquiring an additional 53,592 shares during the last quarter. 66.44% of the stock is currently owned by hedge funds and other institutional investors.
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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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