Flowers Foods (NYSE:FLO) Price Target Lowered to $21.00 at DA Davidson

Flowers Foods (NYSE:FLO) had its price objective trimmed by DA Davidson from $23.00 to $21.00 in a research note issued to investors on Tuesday, AnalystRatings.com reports. The firm currently has a neutral rating on the stock.

A number of other research analysts have also commented on the company. Shore Capital restated a buy rating on shares of Flowers Foods in a research note on Tuesday, October 22nd. ValuEngine lowered Flowers Foods from a buy rating to a hold rating in a research note on Wednesday, October 2nd. FinnCap reiterated a corporate rating on shares of Flowers Foods in a research note on Tuesday, October 22nd. Finally, Zacks Investment Research upgraded Flowers Foods from a sell rating to a hold rating and set a $24.00 price objective for the company in a research note on Thursday, September 19th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the company. The company presently has an average rating of Hold and an average price target of $20.33.

Shares of NYSE FLO traded up $0.11 during trading hours on Tuesday, reaching $21.48. The stock had a trading volume of 896,690 shares, compared to its average volume of 877,923. The business’s fifty day moving average is $21.90 and its two-hundred day moving average is $22.65. The company has a debt-to-equity ratio of 0.95, a current ratio of 1.08 and a quick ratio of 0.83. The company has a market cap of $4.49 billion, a price-to-earnings ratio of 22.85 and a beta of 0.38. Flowers Foods has a twelve month low of $17.78 and a twelve month high of $24.35.

Flowers Foods (NYSE:FLO) last issued its earnings results on Wednesday, November 6th. The company reported $0.22 EPS for the quarter, meeting analysts’ consensus estimates of $0.22. The business had revenue of $966.56 million during the quarter, compared to analyst estimates of $947.50 million. Flowers Foods had a return on equity of 15.74% and a net margin of 4.48%. Flowers Foods’s revenue was up 4.7% on a year-over-year basis. During the same period in the prior year, the company posted $0.23 earnings per share. Sell-side analysts forecast that Flowers Foods will post 0.96 earnings per share for the current fiscal year.

Institutional investors have recently added to or reduced their stakes in the business. Creative Planning raised its stake in Flowers Foods by 30.0% during the second quarter. Creative Planning now owns 13,292 shares of the company’s stock worth $309,000 after acquiring an additional 3,064 shares in the last quarter. Prudential Financial Inc. raised its stake in Flowers Foods by 236.4% during the second quarter. Prudential Financial Inc. now owns 391,856 shares of the company’s stock worth $9,118,000 after acquiring an additional 275,360 shares in the last quarter. Envestnet Asset Management Inc. raised its stake in Flowers Foods by 241.8% during the second quarter. Envestnet Asset Management Inc. now owns 170,492 shares of the company’s stock worth $3,967,000 after acquiring an additional 120,617 shares in the last quarter. Moloney Securities Asset Management LLC acquired a new position in Flowers Foods during the third quarter worth $351,000. Finally, Boston Advisors LLC raised its stake in Flowers Foods by 1.8% during the third quarter. Boston Advisors LLC now owns 133,348 shares of the company’s stock worth $3,084,000 after acquiring an additional 2,396 shares in the last quarter. Hedge funds and other institutional investors own 64.41% of the company’s stock.

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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