Flowers Foods, Inc. (NYSE:FLO) Receives $22.75 Consensus Target Price from Analysts

Shares of Flowers Foods, Inc. (NYSE:FLO) have been assigned an average recommendation of “Reduce” from the four analysts that are currently covering the firm, Marketbeat reports. One analyst has rated the stock with a sell rating and three have assigned a hold rating to the company. The average 1-year target price among brokerages that have covered the stock in the last year is $22.75.

A number of equities analysts have recently issued reports on FLO shares. StockNews.com raised Flowers Foods from a “hold” rating to a “buy” rating in a research report on Saturday, May 25th. Deutsche Bank Aktiengesellschaft upped their price target on Flowers Foods from $22.00 to $23.00 and gave the stock a “hold” rating in a research report on Thursday, May 9th. BNP Paribas started coverage on Flowers Foods in a research report on Wednesday, July 10th. They set an “underperform” rating and a $20.00 price target on the stock. Finally, DA Davidson upped their price target on Flowers Foods from $24.00 to $25.00 and gave the stock a “neutral” rating in a research report on Friday, May 17th.

Hedge Funds Weigh In On Flowers Foods

Several hedge funds have recently made changes to their positions in FLO. Rise Advisors LLC acquired a new position in shares of Flowers Foods in the 1st quarter valued at $26,000. Lindbrook Capital LLC increased its position in shares of Flowers Foods by 80.3% in the 1st quarter. Lindbrook Capital LLC now owns 1,208 shares of the company’s stock valued at $29,000 after acquiring an additional 538 shares during the period. GAMMA Investing LLC acquired a new position in shares of Flowers Foods in the 4th quarter valued at $34,000. Venturi Wealth Management LLC increased its position in shares of Flowers Foods by 2,247.7% in the 1st quarter. Venturi Wealth Management LLC now owns 1,526 shares of the company’s stock valued at $36,000 after acquiring an additional 1,461 shares during the period. Finally, Jones Financial Companies Lllp acquired a new position in shares of Flowers Foods in the 4th quarter valued at $39,000. 75.45% of the stock is owned by institutional investors and hedge funds.

Flowers Foods Stock Performance

Shares of NYSE:FLO opened at $23.08 on Friday. The company has a market capitalization of $4.87 billion, a price-to-earnings ratio of 39.12, a price-to-earnings-growth ratio of 5.84 and a beta of 0.36. Flowers Foods has a 52 week low of $19.64 and a 52 week high of $26.12. The company has a quick ratio of 0.82, a current ratio of 1.11 and a debt-to-equity ratio of 0.76. The firm has a 50 day moving average of $22.36 and a 200 day moving average of $23.07.

Flowers Foods (NYSE:FLO) last issued its quarterly earnings data on Friday, August 16th. The company reported $0.36 EPS for the quarter, topping analysts’ consensus estimates of $0.33 by $0.03. The company had revenue of $1.23 billion during the quarter, compared to the consensus estimate of $1.24 billion. Flowers Foods had a net margin of 2.45% and a return on equity of 18.35%. Flowers Foods’s revenue for the quarter was down .3% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.33 earnings per share. On average, sell-side analysts predict that Flowers Foods will post 1.23 earnings per share for the current fiscal year.

About Flowers Foods

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.