Flowers Foods (FLO) Given Average Rating of “Buy” by Brokerages

Shares of Flowers Foods (NYSE:FLO) have been given a consensus rating of “Buy” by the twelve analysts that are currently covering the firm, Marketbeat reports. Six investment analysts have rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company. The average 12-month price target among brokerages that have updated their coverage on the stock in the last year is $22.00.

A number of equities research analysts have issued reports on the stock. ValuEngine raised shares of Flowers Foods from a “hold” rating to a “buy” rating in a report on Wednesday, May 2nd. Zacks Investment Research lowered shares of Flowers Foods from a “buy” rating to a “hold” rating in a report on Wednesday, April 18th. Deutsche Bank set a $24.00 price objective on shares of Flowers Foods and gave the company a “hold” rating in a report on Tuesday, April 17th. Hilliard Lyons assumed coverage on shares of Flowers Foods in a report on Tuesday, April 3rd. They set a “buy” rating and a $25.00 price objective for the company. Finally, KeyCorp reaffirmed a “buy” rating on shares of Flowers Foods in a report on Wednesday, March 28th.

In related news, insider David M. Roach sold 10,500 shares of the firm’s stock in a transaction on Tuesday, March 27th. The shares were sold at an average price of $21.11, for a total value of $221,655.00. Following the completion of the transaction, the insider now directly owns 67,801 shares of the company’s stock, valued at $1,431,279.11. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Company insiders own 15.20% of the company’s stock.

Several hedge funds have recently bought and sold shares of FLO. Dimensional Fund Advisors LP grew its holdings in shares of Flowers Foods by 16.2% in the third quarter. Dimensional Fund Advisors LP now owns 2,387,499 shares of the company’s stock valued at $44,908,000 after purchasing an additional 333,384 shares in the last quarter. Nisa Investment Advisors LLC grew its holdings in shares of Flowers Foods by 7.0% in the fourth quarter. Nisa Investment Advisors LLC now owns 77,367 shares of the company’s stock valued at $1,494,000 after purchasing an additional 5,050 shares in the last quarter. Benjamin F. Edwards & Company Inc. lifted its position in Flowers Foods by 19.4% in the fourth quarter. Benjamin F. Edwards & Company Inc. now owns 59,761 shares of the company’s stock worth $1,154,000 after buying an additional 9,697 shares during the last quarter. Schwab Charles Investment Management Inc. lifted its position in Flowers Foods by 3.2% in the fourth quarter. Schwab Charles Investment Management Inc. now owns 1,693,851 shares of the company’s stock worth $32,709,000 after buying an additional 52,959 shares during the last quarter. Finally, Alpha Windward LLC bought a new stake in Flowers Foods in the fourth quarter worth $540,000. 61.94% of the stock is owned by hedge funds and other institutional investors.

Flowers Foods opened at $22.38 on Friday, according to Marketbeat. The company has a market cap of $4.69 billion, a P/E ratio of 25.15, a price-to-earnings-growth ratio of 2.30 and a beta of 0.67. The company has a current ratio of 1.29, a quick ratio of 1.01 and a debt-to-equity ratio of 0.66.

Flowers Foods (NYSE:FLO) last announced its quarterly earnings data on Wednesday, February 7th. The company reported $0.17 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.14 by $0.03. Flowers Foods had a net margin of 3.83% and a return on equity of 15.17%. The business had revenue of $873.60 million during the quarter, compared to analyst estimates of $860.34 million. During the same period last year, the firm posted $0.16 EPS. The company’s revenue was up .6% on a year-over-year basis. equities analysts forecast that Flowers Foods will post 1.08 earnings per share for the current year.

About Flowers Foods

Flowers Foods, Inc produces and markets bakery products in the United States. It operates through two segments, Direct-Store-Delivery (DSD) and Warehouse Delivery. The DSD segment produces and markets fresh breads, buns, rolls, tortillas, and snack cakes. This segment offers its products primarily under the Nature's Own, Wonder, Cobblestone Bread Company, Tastykake, and Dave's Killer Bread brand names.

Analyst Recommendations for Flowers Foods (NYSE:FLO)

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