Flowers Foods, Inc. (FLO) Receives $19.50 Average Target Price from Analysts

Shares of Flowers Foods, Inc. (NYSE:FLO) have received an average recommendation of “Hold” from the twelve research firms that are currently covering the firm, Marketbeat.com reports. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and three have issued a buy rating on the company. The average 1-year target price among brokerages that have issued ratings on the stock in the last year is $19.50.

A number of equities research analysts recently weighed in on FLO shares. Pivotal Research cut Flowers Foods from a “buy” rating to a “sell” rating and dropped their price target for the company from $24.00 to $16.00 in a report on Thursday, November 8th. Deutsche Bank set a $18.00 price target on Flowers Foods and gave the company a “hold” rating in a report on Monday, November 12th. Zacks Investment Research reaffirmed a “hold” rating on shares of Flowers Foods in a report on Tuesday, November 13th. Finally, ValuEngine raised Flowers Foods from a “hold” rating to a “buy” rating in a report on Friday, January 4th.

Shares of FLO opened at $19.29 on Friday. Flowers Foods has a 1 year low of $17.78 and a 1 year high of $22.82. The company has a quick ratio of 1.12, a current ratio of 1.42 and a debt-to-equity ratio of 0.64. The company has a market capitalization of $3.96 billion, a PE ratio of 21.67 and a beta of 0.43.



Flowers Foods (NYSE:FLO) last released its quarterly earnings results on Wednesday, November 7th. The company reported $0.23 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.25 by ($0.02). Flowers Foods had a net margin of 5.45% and a return on equity of 15.61%. The business had revenue of $923.45 million for the quarter, compared to analyst estimates of $931.87 million. During the same period in the prior year, the business earned $0.23 earnings per share. The company’s revenue for the quarter was down 1.0% on a year-over-year basis. As a group, equities research analysts expect that Flowers Foods will post 0.93 earnings per share for the current year.

A number of institutional investors and hedge funds have recently made changes to their positions in the business. State of Alaska Department of Revenue boosted its position in Flowers Foods by 110.9% in the 4th quarter. State of Alaska Department of Revenue now owns 89,000 shares of the company’s stock valued at $1,642,000 after buying an additional 46,805 shares during the last quarter. Retirement Systems of Alabama boosted its position in Flowers Foods by 0.3% in the 4th quarter. Retirement Systems of Alabama now owns 237,890 shares of the company’s stock valued at $4,394,000 after buying an additional 792 shares during the last quarter. Vanguard Group Inc boosted its position in Flowers Foods by 3.5% in the 3rd quarter. Vanguard Group Inc now owns 18,371,286 shares of the company’s stock valued at $342,808,000 after buying an additional 626,293 shares during the last quarter. Vanguard Group Inc. boosted its position in Flowers Foods by 3.5% in the 3rd quarter. Vanguard Group Inc. now owns 18,371,286 shares of the company’s stock valued at $342,808,000 after buying an additional 626,293 shares during the last quarter. Finally, Morgan Stanley boosted its position in Flowers Foods by 165.5% in the 3rd quarter. Morgan Stanley now owns 1,364,637 shares of the company’s stock valued at $25,464,000 after buying an additional 850,620 shares during the last quarter. Hedge funds and other institutional investors own 66.25% of the company’s stock.

Flowers Foods Company Profile

Flowers Foods, Inc produces and markets bakery products in the United States. It operates through two segments, Direct-Store-Delivery (DSD) and Warehouse Delivery. The DSD segment produces and markets fresh breads, buns, rolls, tortillas, and snack cakes. This segment offers its products primarily under the Nature's Own, Wonder, Cobblestone Bread Company, Tastykake, and Dave's Killer Bread brand names.

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Analyst Recommendations for Flowers Foods (NYSE:FLO)

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