Shares of Flowers Foods, Inc. (NYSE:FLO) have earned a consensus recommendation of “Buy” from the ten ratings firms that are presently covering the company, Marketbeat reports. Three research analysts have rated the stock with a hold recommendation, five have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year target price among brokers that have covered the stock in the last year is $21.43.
Several equities analysts have recently weighed in on the stock. BMO Capital Markets raised their price target on shares of Flowers Foods from $19.00 to $20.00 and gave the stock a “market perform” rating in a research note on Wednesday, November 15th. Zacks Investment Research raised shares of Flowers Foods from a “sell” rating to a “hold” rating in a research note on Tuesday, October 17th. SunTrust Banks reaffirmed a “hold” rating and set a $20.00 price target on shares of Flowers Foods in a research note on Friday, November 10th. TheStreet cut shares of Flowers Foods from a “b-” rating to a “c” rating in a research note on Thursday, November 9th. Finally, BidaskClub raised shares of Flowers Foods from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, August 23rd.
In related news, insider Tonja W. Taylor sold 4,960 shares of the firm’s stock in a transaction on Tuesday, November 21st. The shares were sold at an average price of $19.57, for a total value of $97,067.20. Following the completion of the transaction, the insider now directly owns 22,055 shares of the company’s stock, valued at $431,616.35. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Robert L. Benton, Jr. sold 15,000 shares of the firm’s stock in a transaction on Monday, October 2nd. The shares were sold at an average price of $18.87, for a total transaction of $283,050.00. Following the completion of the transaction, the insider now directly owns 81,677 shares of the company’s stock, valued at $1,541,244.99. The disclosure for this sale can be found here. Insiders sold 509,689 shares of company stock valued at $9,743,948 over the last three months. 15.81% of the stock is owned by company insiders.
Shares of Flowers Foods (NYSE FLO) traded up $0.36 on Thursday, hitting $20.34. 1,056,900 shares of the stock traded hands, compared to its average volume of 1,367,288. The company has a market cap of $4,188.00, a PE ratio of 22.70, a P/E/G ratio of 3.80 and a beta of 1.04. Flowers Foods has a one year low of $16.10 and a one year high of $21.00. The company has a quick ratio of 1.01, a current ratio of 1.28 and a debt-to-equity ratio of 0.71.
Flowers Foods (NYSE:FLO) last issued its quarterly earnings results on Wednesday, November 8th. The company reported $0.23 earnings per share for the quarter, topping the consensus estimate of $0.20 by $0.03. The company had revenue of $932.80 million during the quarter, compared to analysts’ expectations of $915.55 million. Flowers Foods had a net margin of 2.16% and a return on equity of 15.16%. The business’s quarterly revenue was up 1.5% on a year-over-year basis. During the same period last year, the business earned $0.21 EPS. equities research analysts forecast that Flowers Foods will post 0.86 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Friday, December 15th. Investors of record on Friday, December 1st will be paid a $0.17 dividend. The ex-dividend date is Thursday, November 30th. This represents a $0.68 annualized dividend and a dividend yield of 3.34%. Flowers Foods’s dividend payout ratio is presently 170.00%.
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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