BMO Capital Markets Reaffirms Hold Rating for Flowers Foods, Inc. (NYSE:FLO)
Flowers Foods, Inc. (NYSE:FLO)‘s stock had its “hold” rating reissued by stock analysts at BMO Capital Markets in a research report issued on Thursday. They currently have a $19.00 price objective on the stock. BMO Capital Markets’ price target would suggest a potential upside of 6.98% from the company’s current price.
Other equities analysts have also issued research reports about the stock. BidaskClub upgraded shares of Flowers Foods from a “hold” rating to a “buy” rating in a research report on Thursday, June 29th. TheStreet upgraded shares of Flowers Foods from a “c+” rating to a “b-” rating in a research report on Thursday, May 18th. Zacks Investment Research upgraded shares of Flowers Foods from a “sell” rating to a “hold” rating in a research report on Tuesday, May 9th. Finally, Jefferies Group LLC restated a “buy” rating and set a $23.00 price target on shares of Flowers Foods in a research report on Friday, May 26th. Six investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $20.14.
Flowers Foods (FLO) traded up 0.816% during mid-day trading on Thursday, hitting $17.905. 515,604 shares of the stock traded hands. The stock has a 50-day moving average of $17.78 and a 200 day moving average of $19.05. The firm has a market cap of $3.75 billion, a price-to-earnings ratio of 22.693 and a beta of 0.96. Flowers Foods has a 1-year low of $14.35 and a 1-year high of $21.00.
Flowers Foods (NYSE:FLO) last released its quarterly earnings results on Wednesday, May 17th. The company reported $0.25 EPS for the quarter, hitting the consensus estimate of $0.25. The business had revenue of $1.19 billion during the quarter, compared to analyst estimates of $1.21 billion. Flowers Foods had a net margin of 4.22% and a return on equity of 15.39%. The company’s quarterly revenue was down 1.4% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.28 earnings per share. On average, equities analysts expect that Flowers Foods will post $0.87 EPS for the current year.
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Large investors have recently modified their holdings of the stock. Bronfman E.L. Rothschild L.P. increased its stake in shares of Flowers Foods by 58.8% in the first quarter. Bronfman E.L. Rothschild L.P. now owns 5,195 shares of the company’s stock worth $101,000 after buying an additional 1,923 shares during the last quarter. Ledyard National Bank acquired a new stake in shares of Flowers Foods during the first quarter worth $161,000. Edmp Inc. acquired a new stake in shares of Flowers Foods during the first quarter worth $194,000. Envestnet Asset Management Inc. increased its stake in shares of 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 acquired a new stake in shares of Flowers Foods during the fourth quarter worth $230,000. 66.52% of the stock is owned by institutional investors.
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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