Flowers Foods, Inc. (FLO) Given Average Recommendation of “Hold” by Analysts
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%.
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.
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