Shares of Flowers Foods, Inc. (NYSE:FLO) have been given an average recommendation of “Hold” by the ten brokerages that are covering the company, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, four have assigned a hold recommendation and four have assigned a buy recommendation to the company. The average 12 month price objective among brokers that have issued ratings on the stock in the last year is $20.33.

Several equities research analysts recently weighed in on FLO shares. Zacks Investment Research raised Flowers Foods from a “sell” rating to a “hold” rating in a research note on Monday, February 13th. TheStreet raised Flowers Foods from a “c+” rating to a “b-” rating in a research note on Thursday, May 18th. Gabelli raised Flowers Foods from a “hold” rating to a “buy” rating in a research note on Wednesday, February 15th. Finally, Jefferies Group LLC reaffirmed a “buy” rating and issued a $23.00 price target on shares of Flowers Foods in a research note on Friday, May 26th.

Large investors have recently added to or reduced their stakes in the company. Utah Retirement Systems boosted its stake in Flowers Foods by 0.3% in the first quarter. Utah Retirement Systems now owns 31,509 shares of the company’s stock worth $612,000 after buying an additional 100 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its stake in Flowers Foods by 0.5% in the fourth quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 27,051 shares of the company’s stock valued at $540,000 after buying an additional 124 shares during the period. Northwestern Mutual Investment Management Company LLC boosted its stake in Flowers Foods by 0.6% in the first quarter. Northwestern Mutual Investment Management Company LLC now owns 31,681 shares of the company’s stock valued at $615,000 after buying an additional 192 shares during the period. Wilbanks Smith & Thomas Asset Management LLC boosted its stake in Flowers Foods by 2.5% in the first quarter. Wilbanks Smith & Thomas Asset Management LLC now owns 13,121 shares of the company’s stock valued at $255,000 after buying an additional 326 shares during the period. Finally, Oxbow Advisors LLC boosted its stake in Flowers Foods by 1.6% in the first quarter. Oxbow Advisors LLC now owns 23,440 shares of the company’s stock valued at $455,000 after buying an additional 365 shares during the period. 67.05% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Flowers Foods (FLO) traded up 0.71% during mid-day trading on Tuesday, hitting $18.42. 792,037 shares of the stock traded hands. Flowers Foods has a 52 week low of $14.35 and a 52 week high of $21.00. The stock has a market cap of $3.85 billion, a price-to-earnings ratio of 23.35 and a beta of 0.97. The firm’s 50-day moving average is $18.94 and its 200-day moving average is $19.15.

Flowers Foods (NYSE:FLO) last announced its earnings results on Wednesday, May 17th. The company reported $0.25 EPS for the quarter, meeting analysts’ consensus estimates of $0.25. The company had revenue of $1.19 billion during the quarter, compared to the consensus estimate of $1.21 billion. Flowers Foods had a return on equity of 15.39% and a net margin of 4.22%. The firm’s revenue for the quarter was down 1.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.28 earnings per share. On average, analysts forecast that Flowers Foods will post $0.88 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Friday, June 23rd. Stockholders of record on Friday, June 9th will be paid a $0.17 dividend. This is a boost from Flowers Foods’s previous quarterly dividend of $0.16. This represents a $0.68 dividend on an annualized basis and a dividend yield of 3.69%. The ex-dividend date of this dividend is Wednesday, June 7th. Flowers Foods’s dividend payout ratio is currently 87.18%.

TRADEMARK VIOLATION WARNING: “Flowers Foods, Inc. (FLO) Given Average Recommendation of “Hold” by Analysts” was first reported by American Banking News and is the sole property of of American Banking News. If you are viewing this story on another site, it was stolen and reposted in violation of United States & international copyright and trademark legislation. The legal version of this story can be viewed at https://www.americanbankingnews.com/2017/06/13/flowers-foods-inc-flo-given-average-recommendation-of-hold-by-analysts.html.

About Flowers Foods

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.

Receive News & Ratings for Flowers Foods Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Flowers Foods Inc. and related companies with MarketBeat.com's FREE daily email newsletter.