Flowers Foods (NYSE:FLO) Given New $24.00 Price Target at Deutsche Bank Aktiengesellschaft

Flowers Foods (NYSE:FLO – Get Rating) had its price target cut by Deutsche Bank Aktiengesellschaft from $26.00 to $24.00 in a research report report published on Monday morning, The Fly reports.

Separately, StockNews.com began coverage on Flowers Foods in a report on Thursday, May 18th. They issued a buy rating for the company.

Flowers Foods Price Performance

FLO opened at $26.11 on Monday. The company has a quick ratio of 0.98, a current ratio of 1.32 and a debt-to-equity ratio of 0.73. The company’s 50-day moving average price is $27.46 and its 200 day moving average price is $27.98. Flowers Foods has a fifty-two week low of $24.15 and a fifty-two week high of $30.16. The firm has a market cap of $5.53 billion, a price-to-earnings ratio of 26.16 and a beta of 0.40.

Flowers Foods (NYSE:FLO – Get Rating) last posted its earnings results on Friday, May 19th. The company reported $0.38 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.36 by $0.02. Flowers Foods had a net margin of 4.35% and a return on equity of 17.95%. The firm had revenue of $1.53 billion during the quarter, compared to analyst estimates of $1.55 billion. During the same period in the previous year, the business posted $0.44 EPS. Flowers Foods’s revenue was up 6.9% on a year-over-year basis. As a group, sell-side analysts expect that Flowers Foods will post 1.21 earnings per share for the current year.

Institutional Trading of Flowers Foods

A number of institutional investors have recently bought and sold shares of the company. Wellington Shields Capital Management LLC raised its stake in shares of Flowers Foods by 2,563.0% during the 4th quarter. Wellington Shields Capital Management LLC now owns 14,174,952 shares of the company’s stock worth $407,388,000 after purchasing an additional 13,642,655 shares in the last quarter. State Street Corp raised its position in Flowers Foods by 206.0% during the first quarter. State Street Corp now owns 17,286,504 shares of the company’s stock valued at $473,823,000 after acquiring an additional 11,637,370 shares in the last quarter. Wellington Shields & Co. LLC lifted its stake in Flowers Foods by 3,245.4% in the fourth quarter. Wellington Shields & Co. LLC now owns 6,849,098 shares of the company’s stock valued at $196,843,000 after acquiring an additional 6,644,368 shares during the last quarter. Macquarie Group Ltd. grew its position in Flowers Foods by 59,422.9% in the fourth quarter. Macquarie Group Ltd. now owns 2,047,587 shares of the company’s stock worth $58,848,000 after acquiring an additional 2,044,147 shares in the last quarter. Finally, Gibson Wealth Advisors LLC increased its stake in shares of Flowers Foods by 6,186.6% during the 4th quarter. Gibson Wealth Advisors LLC now owns 1,406,940 shares of the company’s stock worth $39,526,000 after purchasing an additional 1,384,560 shares during the last quarter. Institutional investors and hedge funds own 66.81% of the company’s stock.

Flowers Foods Company Profile

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Flowers Foods, Inc engages in the manufacture and sale of bakery products. The firm offers bakery foods for retail and food service customers in the United States. Its brands include Nature’s Own, Dave’s Killer Bread, Wonder, Canyon Bakehouse, Tastykake and Mrs. Freshley’s. The company was founded by William Howard Flowers, Sr.