Flowers Foods, Inc. (FLO) Receives $21.38 Consensus PT from Analysts

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Shares of Flowers Foods, Inc. (NYSE:FLO) have been assigned an average recommendation of “Hold” from the fourteen analysts that are currently covering the company, Marketbeat Ratings reports. Ten investment analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 1 year price target among analysts that have issued ratings on the stock in the last year is $21.38.

Several equities analysts recently issued reports on the company. Jefferies Financial Group reissued a “hold” rating and set a $19.00 target price on shares of Flowers Foods in a research note on Friday, August 10th. Vertical Group lowered Flowers Foods from a “buy” rating to a “hold” rating in a research note on Monday, July 9th. Pivotal Research reissued a “buy” rating and set a $24.00 target price on shares of Flowers Foods in a research note on Thursday, August 9th. Finally, Consumer Edge lowered Flowers Foods from an “overweight” rating to an “equal weight” rating in a research note on Monday, August 6th.

A number of hedge funds and other institutional investors have recently modified their holdings of FLO. Centaurus Financial Inc. purchased a new stake in Flowers Foods during the 2nd quarter worth about $101,000. Signaturefd LLC increased its holdings in Flowers Foods by 380.3% during the 2nd quarter. Signaturefd LLC now owns 6,811 shares of the company’s stock worth $142,000 after purchasing an additional 5,393 shares during the period. MainStreet Investment Advisors LLC purchased a new stake in Flowers Foods during the 2nd quarter worth about $204,000. Grassi Investment Management purchased a new stake in Flowers Foods during the 2nd quarter worth about $208,000. Finally, Itau Unibanco Holding S.A. purchased a new stake in Flowers Foods during the 2nd quarter worth about $217,000. Institutional investors own 65.62% of the company’s stock.

FLO opened at $19.97 on Friday. Flowers Foods has a 12-month low of $17.71 and a 12-month high of $22.82. The company has a current ratio of 1.39, a quick ratio of 1.11 and a debt-to-equity ratio of 0.63. The stock has a market cap of $4.03 billion, a P/E ratio of 22.44, a PEG ratio of 2.10 and a beta of 0.53.

Flowers Foods (NYSE:FLO) last posted its earnings results on Wednesday, August 8th. The company reported $0.25 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.27 by ($0.02). Flowers Foods had a return on equity of 15.85% and a net margin of 3.58%. The firm had revenue of $941.30 million for the quarter, compared to analyst estimates of $936.16 million. During the same period in the previous year, the company posted $0.24 EPS. Flowers Foods’s revenue was up 1.6% on a year-over-year basis. Equities analysts forecast that Flowers Foods will post 1.01 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.

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Analyst Recommendations for Flowers Foods (NYSE:FLO)

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