Flowers Foods, Inc. (FLO) Receives $20.33 Average Price Target from Analysts

Shares of Flowers Foods, Inc. (NYSE:FLO) have been assigned a consensus recommendation of “Hold” from the ten analysts that are covering the company, Marketbeat.com reports. One analyst has rated the stock with a sell recommendation, four have given a hold recommendation and four have assigned a buy recommendation to the company. The average twelve-month target price among brokers that have issued ratings on the stock in the last year is $20.33.

FLO has been the subject of a number of research analyst reports. TheStreet raised shares of Flowers Foods from a “c+” rating to a “b-” rating in a report on Thursday, May 18th. Jefferies Group LLC reaffirmed a “buy” rating and issued a $23.00 price target on shares of Flowers Foods in a report on Friday, May 26th. Finally, Zacks Investment Research raised shares of Flowers Foods from a “sell” rating to a “hold” rating in a report on Tuesday, May 9th.

Shares of Flowers Foods (NYSE FLO) traded down 3.55% during trading on Tuesday, reaching $17.67. 3,998,368 shares of the company were exchanged. The firm has a market capitalization of $3.70 billion, a PE ratio of 22.40 and a beta of 0.97. Flowers Foods has a 1-year low of $14.35 and a 1-year high of $21.00. The company’s 50-day moving average is $18.75 and its 200 day moving average is $19.17.

Flowers Foods (NYSE:FLO) last posted its earnings results on Wednesday, May 17th. The company reported $0.25 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.25. Flowers Foods had a net margin of 4.22% and a return on equity of 15.39%. The company had revenue of $1.19 billion during the quarter, compared to analysts’ expectations of $1.21 billion. During the same quarter in the prior year, the company posted $0.28 earnings per share. Flowers Foods’s revenue for the quarter was down 1.4% compared to the same quarter last year. Equities research analysts expect that Flowers Foods will post $0.87 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Friday, June 23rd. Investors of record on Friday, June 9th will be given a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a yield of 3.85%. The ex-dividend date of this dividend is Wednesday, June 7th. This is a positive change from Flowers Foods’s previous quarterly dividend of $0.16. Flowers Foods’s dividend payout ratio (DPR) is currently 87.18%.

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A number of hedge funds have recently added to or reduced their stakes in FLO. Janus Capital Management LLC raised its stake in Flowers Foods by 123.8% in the first quarter. Janus Capital Management LLC now owns 85,700 shares of the company’s stock valued at $1,663,000 after buying an additional 47,400 shares in the last quarter. Credit Suisse AG raised its stake in shares of Flowers Foods by 119.6% in the first quarter. Credit Suisse AG now owns 382,958 shares of the company’s stock valued at $7,433,000 after buying an additional 208,607 shares during the period. Tudor Investment Corp ET AL raised its stake in shares of Flowers Foods by 38.3% in the first quarter. Tudor Investment Corp ET AL now owns 15,900 shares of the company’s stock valued at $309,000 after buying an additional 4,400 shares during the period. Metropolitan Life Insurance Co. NY raised its stake in shares of Flowers Foods by 0.3% in the first quarter. Metropolitan Life Insurance Co. NY now owns 177,352 shares of the company’s stock valued at $3,442,000 after buying an additional 572 shares during the period. Finally, Paloma Partners Management Co bought a new stake in shares of Flowers Foods during the first quarter valued at about $229,000. Institutional investors own 67.05% of the company’s stock.

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.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “FLO”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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