Flowers Foods (FLO) Rating Lowered to Sell at Pivotal Research

Flowers Foods (NYSE:FLO) was downgraded by analysts at Pivotal Research from a “buy” rating to a “sell” rating in a research report issued on Thursday, Marketbeat reports. They presently have a $16.00 price target on the stock, down from their prior price target of $24.00. Pivotal Research’s price objective indicates a potential downside of 19.31% from the company’s previous close.

A number of other brokerages have also issued reports on FLO. Consumer Edge lowered shares of Flowers Foods from an “overweight” rating to an “equal weight” rating in a research note on Monday, August 6th. Jefferies Financial Group restated a “hold” rating and set a $19.00 price target on shares of Flowers Foods in a research note on Friday, August 10th. One analyst has rated the stock with a sell rating, ten have given a hold rating and two have given a buy rating to the stock. Flowers Foods presently has a consensus rating of “Hold” and an average target price of $21.00.

NYSE FLO opened at $19.83 on Thursday. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.39 and a quick ratio of 1.11. The company has a market cap of $4.04 billion, a P/E ratio of 22.28, a PEG ratio of 2.11 and a beta of 0.30. Flowers Foods has a 52 week low of $18.12 and a 52 week high of $22.82.

Flowers Foods (NYSE:FLO) last posted its quarterly earnings data on Wednesday, November 7th. The company reported $0.23 EPS for the quarter, missing the consensus estimate of $0.25 by ($0.02). The firm had revenue of $923.45 million for the quarter, compared to the consensus estimate of $931.87 million. Flowers Foods had a return on equity of 15.61% and a net margin of 5.45%. The company’s revenue was down 1.0% compared to the same quarter last year. During the same quarter last year, the firm earned $0.23 EPS. Research analysts forecast that Flowers Foods will post 0.93 earnings per share for the current fiscal year.

A number of institutional investors have recently modified their holdings of the business. Chicago Equity Partners LLC increased its stake in Flowers Foods by 2.2% during the 2nd quarter. Chicago Equity Partners LLC now owns 122,820 shares of the company’s stock valued at $2,558,000 after purchasing an additional 2,670 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in shares of Flowers Foods by 31.5% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 14,242 shares of the company’s stock valued at $266,000 after acquiring an additional 3,411 shares during the last quarter. Arizona State Retirement System boosted its holdings in shares of Flowers Foods by 2.7% in the 2nd quarter. Arizona State Retirement System now owns 128,800 shares of the company’s stock valued at $2,683,000 after acquiring an additional 3,431 shares during the last quarter. Foster & Motley Inc. boosted its holdings in shares of Flowers Foods by 29.0% in the 3rd quarter. Foster & Motley Inc. now owns 20,050 shares of the company’s stock valued at $374,000 after acquiring an additional 4,511 shares during the last quarter. Finally, Murphy Middleton Hinkle & Parker Inc. boosted its holdings in shares of Flowers Foods by 10.5% in the 2nd quarter. Murphy Middleton Hinkle & Parker Inc. now owns 49,984 shares of the company’s stock valued at $1,041,000 after acquiring an additional 4,742 shares during the last quarter. Institutional investors and hedge funds own 65.64% of the company’s stock.

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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