Flowers Foods, Inc. (NYSE:FLO) Short Interest Update

Flowers Foods, Inc. (NYSE:FLO) was the target of a large decline in short interest in the month of July. As of July 31st, there was short interest totalling 6,434,700 shares, a decline of 7.3% from the June 30th total of 6,942,100 shares. Based on an average daily volume of 1,120,000 shares, the short-interest ratio is currently 5.7 days. Currently, 3.5% of the shares of the company are short sold.

Shares of FLO stock traded up $0.39 during mid-day trading on Friday, reaching $22.99. 5,483,000 shares of the company’s stock traded hands, compared to its average volume of 1,095,970. Flowers Foods has a 12 month low of $17.78 and a 12 month high of $24.35. The firm has a 50 day moving average price of $23.43 and a two-hundred day moving average price of $21.97. The company has a debt-to-equity ratio of 0.96, a quick ratio of 0.90 and a current ratio of 1.15. The firm has a market capitalization of $4.87 billion, a PE ratio of 24.46 and a beta of 0.41.

Flowers Foods (NYSE:FLO) last issued its quarterly earnings data on Wednesday, August 7th. The company reported $0.25 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.26 by ($0.01). Flowers Foods had a net margin of 4.44% and a return on equity of 15.95%. The business had revenue of $975.76 million for the quarter, compared to the consensus estimate of $967.66 million. During the same period in the previous year, the firm earned $0.25 EPS. The company’s revenue was up 3.7% on a year-over-year basis. As a group, equities analysts expect that Flowers Foods will post 0.97 earnings per share for the current fiscal year.



A number of research firms have commented on FLO. ValuEngine downgraded shares of Flowers Foods from a “buy” rating to a “hold” rating in a research report on Saturday, August 10th. DA Davidson started coverage on shares of Flowers Foods in a research report on Monday, August 5th. They set a “neutral” rating and a $24.00 price objective for the company. One investment analyst has rated the stock with a sell rating and four have assigned a hold rating to the stock. Flowers Foods has a consensus rating of “Hold” and a consensus target price of $20.50.

Several hedge funds have recently modified their holdings of FLO. BNP Paribas Arbitrage SA lifted its stake in shares of Flowers Foods by 22.3% during the 1st quarter. BNP Paribas Arbitrage SA now owns 13,278 shares of the company’s stock valued at $283,000 after buying an additional 2,419 shares in the last quarter. Neuberger Berman Group LLC lifted its stake in shares of Flowers Foods by 2.6% during the 1st quarter. Neuberger Berman Group LLC now owns 1,426,676 shares of the company’s stock valued at $30,417,000 after buying an additional 36,740 shares in the last quarter. Blue Sky Asset Management LLC purchased a new position in shares of Flowers Foods during the 1st quarter valued at $209,000. Victory Capital Management Inc. lifted its stake in shares of Flowers Foods by 10.5% during the 1st quarter. Victory Capital Management Inc. now owns 2,872,668 shares of the company’s stock valued at $61,245,000 after buying an additional 273,093 shares in the last quarter. Finally, Simmons Bank purchased a new position in shares of Flowers Foods during the 1st quarter valued at $201,000. 65.10% of the stock is owned by hedge funds and other institutional investors.

About Flowers Foods

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

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