Flowers Foods Target of Unusually High Options Trading (FLO)

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Flowers Foods, Inc. (NYSE:FLO) was the recipient of unusually large options trading on Tuesday. Stock investors bought 3,850 put options on the company. This is an increase of 943% compared to the typical volume of 369 put options.

FLO has been the subject of a number of recent research reports. Jefferies Financial Group reissued a “hold” rating and set a $19.00 price objective on shares of Flowers Foods in a report on Friday, August 10th. Pivotal Research reissued a “buy” rating and set a $24.00 price objective on shares of Flowers Foods in a report on Thursday, August 9th. Finally, Consumer Edge lowered Flowers Foods from an “overweight” rating to an “equal weight” rating in a report on Monday, August 6th. Ten analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of $21.80.

Several hedge funds and other institutional investors have recently made changes to their positions in FLO. Legal & General Group Plc boosted its stake in shares of Flowers Foods by 3.1% in the 1st quarter. Legal & General Group Plc now owns 262,135 shares of the company’s stock worth $5,730,000 after buying an additional 7,902 shares during the last quarter. Principal Financial Group Inc. boosted its stake in shares of Flowers Foods by 3.3% in the 1st quarter. Principal Financial Group Inc. now owns 808,285 shares of the company’s stock worth $17,669,000 after buying an additional 25,472 shares during the last quarter. Marshwinds Advisory Co. purchased a new position in shares of Flowers Foods in the 2nd quarter worth approximately $1,568,000. Grassi Investment Management purchased a new position in shares of Flowers Foods in the 2nd quarter worth approximately $208,000. Finally, State of Alaska Department of Revenue boosted its stake in shares of Flowers Foods by 120.9% in the 2nd quarter. State of Alaska Department of Revenue now owns 80,540 shares of the company’s stock worth $1,676,000 after buying an additional 44,080 shares during the last quarter. Hedge funds and other institutional investors own 65.64% of the company’s stock.

Shares of NYSE FLO opened at $19.04 on Wednesday. Flowers Foods has a twelve month low of $17.71 and a twelve month high of $22.82. The company has a market capitalization of $3.96 billion, a PE ratio of 21.39, a price-to-earnings-growth ratio of 2.06 and a beta of 0.30. The company has a current ratio of 1.39, a quick ratio of 1.11 and a debt-to-equity ratio of 0.63.

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

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Flowers Foods Company Profile

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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