Bright Rock Capital Management LLC maintained its position in Flowers Foods, Inc. (NYSE:FLO) during the first quarter, Holdings Channel reports. The institutional investor owned 74,100 shares of the company’s stock at the end of the first quarter. Bright Rock Capital Management LLC’s holdings in Flowers Foods were worth $1,438,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Ledyard National Bank purchased a new position in Flowers Foods during the first quarter worth approximately $161,000. Creative Planning boosted its position in Flowers Foods by 3.7% in the third quarter. Creative Planning now owns 8,772 shares of the company’s stock worth $133,000 after buying an additional 313 shares during the last quarter. Edmp Inc. purchased a new position in Flowers Foods during the first quarter worth approximately $194,000. Envestnet Asset Management Inc. boosted its position in Flowers Foods by 85.0% in the fourth quarter. Envestnet Asset Management Inc. now owns 10,131 shares of the company’s stock worth $202,000 after buying an additional 4,654 shares during the last quarter. Finally, Tudor Investment Corp Et Al purchased a new position in Flowers Foods during the fourth quarter worth approximately $230,000. Institutional investors own 67.50% of the company’s stock.
Shares of Flowers Foods, Inc. (NYSE:FLO) traded up 0.56% on Thursday, reaching $19.83. The company’s stock had a trading volume of 972,107 shares. The firm has a market capitalization of $4.14 billion, a PE ratio of 25.42 and a beta of 0.87. The firm has a 50-day moving average price of $19.38 and a 200 day moving average price of $18.16. Flowers Foods, Inc. has a one year low of $14.35 and a one year high of $21.00.
Flowers Foods (NYSE:FLO) last issued its earnings results on Monday, February 13th. The company reported $0.16 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.16. The company earned $868.70 million during the quarter, compared to analyst estimates of $874.19 million. Flowers Foods had a return on equity of 16.42% and a net margin of 4.17%. The firm’s quarterly revenue was up 1.2% on a year-over-year basis. During the same quarter last year, the business posted $0.16 EPS. On average, analysts anticipate that Flowers Foods, Inc. will post $0.90 earnings per share for the current fiscal year.
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A number of research analysts have recently commented on the company. Zacks Investment Research cut Flowers Foods from a “hold” rating to a “sell” rating in a research note on Tuesday. Gabelli upgraded Flowers Foods from a “hold” rating to a “buy” rating in a research note on Wednesday, February 15th. Wunderlich assumed coverage on Flowers Foods in a research note on Friday, January 13th. They issued a “buy” rating and a $24.00 target price for the company. Finally, TheStreet cut Flowers Foods from a “b” rating to a “c+” rating in a research note on Tuesday, February 14th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and four have assigned a buy rating to the company. The stock has an average rating of “Hold” and an average target price of $19.71.
Flowers Foods Company Profile
Flowers Foods, Inc is a producer and marketer of packaged bakery products. The Company operates in two segments: direct-store-delivery segment (DSD Segment) and warehouse delivery segment (Warehouse Segment). The DSD segment produces fresh breads, buns, rolls, tortillas and snack cakes sold primarily by a network of independent distributors to retail and foodservice customers in the areas of the United States: East, South, Southwest, California, and select markets in the Midwest, Pacific Northwest, Nevada, and Colorado.
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