Flowers Foods Rating Reiterated by Deutsche Bank (FLO)
Flowers Foods (NYSE:FLO)‘s stock had its “buy” rating reaffirmed by Deutsche Bank in a research note issued on Wednesday. They currently have a $23.00 price objective on the stock, down from their previous price objective of $24.00. Deutsche Bank’s target price would suggest a potential upside of 20.42% from the stock’s previous close.
Shares of Flowers Foods (NYSE:FLO) traded up 0.94% during mid-day trading on Wednesday, hitting $19.28. 2,135,909 shares of the company’s stock traded hands. Flowers Foods has a one year low of $18.50 and a one year high of $25.67. The stock has a 50-day moving average of $20.21 and a 200-day moving average of $20.49. The company has a market cap of $4.034 billion and a P/E ratio of 22.42. Flowers Foods also saw some unusual options trading on Tuesday. Traders bought 127 call options on the stock. This represents an increase of approximately 274% compared to the typical volume of 34 call options.
Flowers Foods (NYSE:FLO) last announced its earnings results on Tuesday, August 12th. The company reported $0.21 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.24 by $0.03. The company had revenue of $877.40 million for the quarter, compared to the consensus estimate of $940.83 million. Analysts expect that Flowers Foods will post $0.99 EPS for the current fiscal year.
Flowers Foods, Inc (NYSE:FLO) is a producer and marketer of bakery products in the United States.
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