Flowers Foods (FLO) Trading 1.1% Higher

Flowers Foods, Inc. (NYSE:FLO) traded up 1.1% during trading on Friday . The stock traded as high as $22.74 and last traded at $22.90. 86,337 shares traded hands during trading, a decline of 89% from the average session volume of 756,954 shares. The stock had previously closed at $22.66.

Several equities research analysts have issued reports on FLO shares. ValuEngine upgraded Flowers Foods from a “hold” rating to a “buy” rating in a report on Friday. Zacks Investment Research upgraded Flowers Foods from a “hold” rating to a “buy” rating and set a $24.00 price objective on the stock in a report on Tuesday, April 9th. Finally, Pivotal Research restated a “sell” rating and set a $16.00 price objective on shares of Flowers Foods in a report on Thursday, February 7th. One research analyst has rated the stock with a sell rating, six have given a hold rating and one has issued a buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $19.20.

The company has a quick ratio of 1.05, a current ratio of 1.17 and a debt-to-equity ratio of 1.02. The firm has a market capitalization of $4.82 billion, a PE ratio of 24.26 and a beta of 0.49.

Flowers Foods (NYSE:FLO) last posted its quarterly earnings data on Wednesday, May 15th. The company reported $0.32 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.30 by $0.02. Flowers Foods had a return on equity of 15.85% and a net margin of 4.28%. The company had revenue of $1.26 billion for the quarter, compared to the consensus estimate of $1.23 billion. During the same period in the previous year, the business earned $0.30 EPS. Flowers Foods’s revenue for the quarter was up 4.8% compared to the same quarter last year. On average, analysts forecast that Flowers Foods, Inc. will post 0.99 EPS for the current year.

In other Flowers Foods news, insider Debo Mukherjee acquired 1,550 shares of the company’s stock in a transaction on Thursday, March 14th. The shares were bought at an average cost of $20.20 per share, for a total transaction of $31,310.00. Following the acquisition, the insider now directly owns 1,550 shares of the company’s stock, valued at $31,310. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 8.17% of the stock is owned by insiders.

Hedge funds have recently bought and sold shares of the business. Quantamental Technologies LLC bought a new stake in shares of Flowers Foods in the 4th quarter valued at approximately $28,000. Carroll Financial Associates Inc. increased its holdings in shares of Flowers Foods by 1,406.3% in the 1st quarter. Carroll Financial Associates Inc. now owns 1,431 shares of the company’s stock valued at $30,000 after acquiring an additional 1,336 shares during the last quarter. GWM Advisors LLC increased its holdings in shares of Flowers Foods by 101.6% in the 1st quarter. GWM Advisors LLC now owns 49,260 shares of the company’s stock valued at $33,000 after acquiring an additional 24,825 shares during the last quarter. FMR LLC increased its holdings in shares of Flowers Foods by 131.6% in the 1st quarter. FMR LLC now owns 2,279 shares of the company’s stock valued at $49,000 after acquiring an additional 1,295 shares during the last quarter. Finally, Parallel Advisors LLC increased its holdings in shares of Flowers Foods by 140.1% in the 1st quarter. Parallel Advisors LLC now owns 2,454 shares of the company’s stock valued at $52,000 after acquiring an additional 1,432 shares during the last quarter. Institutional investors own 66.99% of the company’s stock.

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About Flowers Foods (NYSE:FLO)

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

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