Flowers Foods, Inc. (NYSE:FLO) – Investment analysts at Jefferies Group dropped their Q2 2017 earnings per share (EPS) estimates for shares of Flowers Foods in a research note issued to investors on Thursday. Jefferies Group analyst A. Jagdale now expects that the company will post earnings per share of $0.24 for the quarter, down from their prior estimate of $0.25. Jefferies Group also issued estimates for Flowers Foods’ Q3 2017 earnings at $0.23 EPS, Q4 2017 earnings at $0.18 EPS, FY2017 earnings at $0.90 EPS, Q1 2018 earnings at $0.28 EPS, Q2 2018 earnings at $0.25 EPS, Q3 2018 earnings at $0.24 EPS, Q4 2018 earnings at $0.20 EPS, FY2018 earnings at $0.96 EPS, Q1 2019 earnings at $0.30 EPS and FY2019 earnings at $1.05 EPS.
Several other analysts also recently weighed in on FLO. Zacks Investment Research downgraded Flowers Foods from a “hold” rating to a “sell” rating in a research note on Tuesday, April 18th. TheStreet downgraded Flowers Foods from a “b” rating to a “c+” rating in a research note on Tuesday, February 14th. Finally, Gabelli upgraded Flowers Foods from a “hold” rating to a “buy” rating in a research note on Wednesday, February 15th. One research analyst has rated the stock with a sell rating, four have given a hold rating and four have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $19.71.
Flowers Foods (NYSE:FLO) opened at 18.51 on Friday. The firm has a market capitalization of $3.89 billion, a price-to-earnings ratio of 23.46 and a beta of 0.87. Flowers Foods has a 12 month low of $14.35 and a 12 month high of $21.00. The firm has a 50 day moving average price of $19.36 and a 200-day moving average price of $18.80.
Flowers Foods (NYSE:FLO) last announced its earnings results on Wednesday, May 17th. The company reported $0.25 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.25. Flowers Foods had a return on equity of 16.42% and a net margin of 4.17%. The company had revenue of $1.19 billion for the quarter, compared to analyst estimates of $1.21 billion. During the same period in the prior year, the company posted $0.28 EPS. Flowers Foods’s quarterly revenue was down 1.4% on a year-over-year basis.
A number of hedge funds have recently made changes to their positions in the stock. Advisors Asset Management Inc. increased its stake in shares of Flowers Foods by 2,949.4% in the third quarter. Advisors Asset Management Inc. now owns 229,437 shares of the company’s stock valued at $3,469,000 after buying an additional 221,913 shares during the last quarter. TradeLink Capital LLC acquired a new stake in shares of Flowers Foods during the third quarter valued at $239,000. GAM Holding AG acquired a new stake in shares of Flowers Foods during the third quarter valued at $17,096,000. Teachers Advisors LLC increased its stake in shares of Flowers Foods by 8.2% in the third quarter. Teachers Advisors LLC now owns 161,307 shares of the company’s stock valued at $2,439,000 after buying an additional 12,188 shares during the last quarter. Finally, TIAA CREF Investment Management LLC increased its stake in shares of Flowers Foods by 8.5% in the third quarter. TIAA CREF Investment Management LLC now owns 476,455 shares of the company’s stock valued at $7,204,000 after buying an additional 37,486 shares during the last quarter. Hedge funds and other institutional investors own 67.50% of the company’s stock.
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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