Flowers Foods, Inc. (NYSE:FLO) – Stock analysts at Jefferies Group decreased their Q3 2017 earnings per share estimates for Flowers Foods in a research note issued on Tuesday. Jefferies Group analyst A. Jagdale now expects that the company will post earnings of $0.20 per share for the quarter, down from their prior estimate of $0.23. Jefferies Group currently has a “Hold” rating and a $19.00 target price on the stock. Jefferies Group also issued estimates for Flowers Foods’ Q4 2017 earnings at $0.17 EPS, FY2017 earnings at $0.86 EPS, Q2 2018 earnings at $0.24 EPS, Q3 2018 earnings at $0.22 EPS, Q4 2018 earnings at $0.18 EPS, FY2018 earnings at $0.92 EPS, FY2019 earnings at $1.00 EPS and FY2020 earnings at $1.10 EPS.

Several other equities research analysts have also issued reports on FLO. BidaskClub lowered shares of Flowers Foods from a “buy” rating to a “hold” rating in a report on Thursday, August 3rd. Zacks Investment Research lowered shares of Flowers Foods from a “hold” rating to a “sell” rating in a report on Friday, August 11th. BMO Capital Markets reissued a “hold” rating and issued a $19.00 target price on shares of Flowers Foods in a report on Thursday, July 20th. Finally, TheStreet raised shares of Flowers Foods from a “c+” rating to a “b-” rating in a report on Thursday, May 18th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and four have assigned a buy rating to the company’s stock. Flowers Foods has a consensus rating of “Hold” and an average target price of $19.67.

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Shares of Flowers Foods (NYSE FLO) opened at 17.80 on Wednesday. Flowers Foods has a 12 month low of $14.51 and a 12 month high of $21.00. The company has a market capitalization of $3.73 billion, a price-to-earnings ratio of 23.45 and a beta of 0.97. The firm’s 50-day moving average is $17.54 and its 200 day moving average is $18.76.

Flowers Foods (NYSE:FLO) last announced its earnings results on Wednesday, August 9th. The company reported $0.24 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.23 by $0.01. Flowers Foods had a net margin of 4.06% and a return on equity of 14.79%. The business had revenue of $926.64 million during the quarter, compared to analyst estimates of $931.26 million. During the same period in the previous year, the business posted $0.26 earnings per share. Flowers Foods’s revenue for the quarter was down .9% on a year-over-year basis.

In related news, Chairman Amos R. Mcmullian acquired 20,000 shares of the business’s stock in a transaction on Monday, August 14th. The stock was acquired at an average cost of $17.91 per share, with a total value of $358,200.00. Following the acquisition, the chairman now directly owns 3,643,717 shares in the company, valued at approximately $65,258,971.47. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Company insiders own 15.81% of the company’s stock.

A number of large investors have recently made changes to their positions in FLO. Bronfman E.L. Rothschild L.P. raised 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 period. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in shares of Flowers Foods by 10.3% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,710 shares of the company’s stock worth $116,000 after buying an additional 629 shares during the period. Ledyard National Bank raised its stake in shares of Flowers Foods by 6.0% in the second quarter. Ledyard National Bank now owns 8,810 shares of the company’s stock worth $153,000 after buying an additional 500 shares during the period. Crescent Grove Advisors LLC bought a new stake in shares of Flowers Foods during the second quarter worth about $173,000. Finally, Edmp Inc. bought a new stake in shares of Flowers Foods during the first quarter worth about $194,000. 67.47% of the stock is owned by institutional investors and hedge funds.

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.

Earnings History and Estimates for Flowers Foods (NYSE:FLO)

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