Flowers Foods, Inc. (NYSE:FLO) Given Consensus Rating of “Hold” by Analysts

Flowers Foods, Inc. (NYSE:FLO) has received a consensus recommendation of “Hold” from the six research firms that are currently covering the firm, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, four have issued a hold recommendation and one has given a buy recommendation to the company. The average 12 month price objective among brokers that have updated their coverage on the stock in the last year is $17.67.

A number of brokerages have recently commented on FLO. Zacks Investment Research raised shares of Green Brick Partners from a “sell” rating to a “hold” rating in a research note on Wednesday, April 10th. ValuEngine raised shares of Zynerba Pharmaceuticals from a “hold” rating to a “buy” rating in a report on Friday, May 17th.

Shares of FLO stock traded up $0.04 during mid-day trading on Friday, reaching $23.40. The company’s stock had a trading volume of 20,460 shares, compared to its average volume of 1,089,541. The firm’s 50 day moving average is $23.11. Flowers Foods has a 12-month low of $17.78 and a 12-month high of $23.95. The company has a debt-to-equity ratio of 1.02, a current ratio of 1.17 and a quick ratio of 0.92. The stock has a market cap of $4.95 billion, a price-to-earnings ratio of 24.85 and a beta of 0.44.

Flowers Foods (NYSE:FLO) last issued its earnings results on Wednesday, May 15th. The company reported $0.32 EPS for the quarter, beating the Zacks’ consensus estimate of $0.30 by $0.02. Flowers Foods had a net margin of 4.28% and a return on equity of 15.85%. The business had revenue of $1.26 billion for the quarter, compared to the consensus estimate of $1.23 billion. During the same quarter last year, the firm posted $0.30 EPS. The business’s revenue for the quarter was up 4.8% compared to the same quarter last year. On average, equities research analysts predict that Flowers Foods will post 1 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 21st. Shareholders of record on Friday, June 7th were issued a dividend of $0.19 per share. This is a positive change from Flowers Foods’s previous quarterly dividend of $0.18. This represents a $0.76 annualized dividend and a yield of 3.25%. The ex-dividend date was Thursday, June 6th. Flowers Foods’s dividend payout ratio (DPR) is currently 80.85%.

A number of hedge funds have recently made changes to their positions in FLO. Norges Bank acquired a new position in Flowers Foods during the 4th quarter worth $40,532,000. APG Asset Management N.V. boosted its stake in Flowers Foods by 36.2% during the 4th quarter. APG Asset Management N.V. now owns 3,663,400 shares of the company’s stock valued at $59,190,000 after purchasing an additional 972,700 shares during the period. Bank of New York Mellon Corp boosted its stake in Flowers Foods by 27.5% during the 4th quarter. Bank of New York Mellon Corp now owns 3,395,361 shares of the company’s stock valued at $62,713,000 after purchasing an additional 731,718 shares during the period. Los Angeles Capital Management & Equity Research Inc. acquired a new position in Flowers Foods during the 1st quarter valued at about $7,292,000. Finally, Dimensional Fund Advisors LP boosted its stake in Flowers Foods by 12.6% during the 4th quarter. Dimensional Fund Advisors LP now owns 2,864,547 shares of the company’s stock valued at $52,907,000 after purchasing an additional 320,432 shares during the period. 64.60% of the stock is owned by institutional investors.

Flowers Foods Company Profile

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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