DA Davidson Boosts Flowers Foods (NYSE:FLO) Price Target to $25.00

Flowers Foods (NYSE:FLOFree Report) had its price target lifted by DA Davidson from $24.00 to $25.00 in a report published on Friday, Benzinga reports. DA Davidson currently has a neutral rating on the stock.

Several other analysts also recently weighed in on FLO. Deutsche Bank Aktiengesellschaft lifted their target price on Flowers Foods from $22.00 to $23.00 and gave the stock a hold rating in a research report on Thursday, May 9th. StockNews.com upgraded Flowers Foods from a hold rating to a buy rating in a research report on Tuesday, April 9th. Five equities research analysts have rated the stock with a hold rating, Based on data from MarketBeat, Flowers Foods currently has an average rating of Hold and a consensus target price of $24.00.

Read Our Latest Report on FLO

Flowers Foods Stock Down 0.4 %

Shares of FLO opened at $24.35 on Friday. The company has a market cap of $5.14 billion, a PE ratio of 41.27, a P/E/G ratio of 4.00 and a beta of 0.37. The business has a fifty day moving average of $23.97 and a 200 day moving average of $22.87. Flowers Foods has a 52-week low of $19.64 and a 52-week high of $26.33. The company has a quick ratio of 0.82, a current ratio of 1.11 and a debt-to-equity ratio of 0.76.

Flowers Foods (NYSE:FLOGet Free Report) last issued its quarterly earnings results on Thursday, May 16th. The company reported $0.38 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.40 by ($0.02). The company had revenue of $1.58 billion during the quarter, compared to the consensus estimate of $1.58 billion. Flowers Foods had a return on equity of 18.35% and a net margin of 2.45%. The firm’s quarterly revenue was up 2.8% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.38 earnings per share. On average, sell-side analysts expect that Flowers Foods will post 1.25 EPS for the current year.

Insider Activity at Flowers Foods

In related news, insider Terry S. Thomas sold 36,577 shares of Flowers Foods stock in a transaction dated Monday, March 11th. The stock was sold at an average price of $23.11, for a total value of $845,294.47. Following the completion of the sale, the insider now directly owns 42,740 shares in the company, valued at $987,721.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, Director Edward J. Jr. Casey acquired 5,000 shares of the firm’s stock in a transaction that occurred on Tuesday, April 2nd. The stock was purchased at an average cost of $23.55 per share, for a total transaction of $117,750.00. Following the completion of the acquisition, the director now directly owns 20,330 shares of the company’s stock, valued at approximately $478,771.50. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Terry S. Thomas sold 36,577 shares of Flowers Foods stock in a transaction dated Monday, March 11th. The shares were sold at an average price of $23.11, for a total value of $845,294.47. Following the completion of the sale, the insider now owns 42,740 shares of the company’s stock, valued at $987,721.40. The disclosure for this sale can be found here. 11.42% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Flowers Foods

Several institutional investors and hedge funds have recently added to or reduced their stakes in FLO. Boston Trust Walden Corp grew its stake in Flowers Foods by 37.0% in the fourth quarter. Boston Trust Walden Corp now owns 4,583,334 shares of the company’s stock valued at $103,171,000 after purchasing an additional 1,238,749 shares during the last quarter. Norges Bank purchased a new position in Flowers Foods in the fourth quarter valued at about $26,016,000. Qube Research & Technologies Ltd purchased a new position in Flowers Foods in the third quarter valued at about $19,875,000. Verition Fund Management LLC grew its stake in Flowers Foods by 293.7% in the fourth quarter. Verition Fund Management LLC now owns 782,518 shares of the company’s stock valued at $17,614,000 after purchasing an additional 583,749 shares during the last quarter. Finally, Ceredex Value Advisors LLC purchased a new position in Flowers Foods in the fourth quarter valued at about $11,518,000. Hedge funds and other institutional investors own 75.45% of the company’s stock.

Flowers Foods Company Profile

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Flowers Foods, Inc produces and markets packaged bakery food products in the United States. Its principal products include fresh breads, buns, rolls, snack items, bagels, English muffins, and tortillas, as well as frozen breads and rolls under the Nature's Own, Dave's Killer Bread, Wonder, Canyon Bakehouse, Mrs.

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