The price of Flowers Foods Inc. (NYSE:FLO) shares last traded on Wall Street fell -0.20% to $24.71.
Based on available information, 6 analysts follow Flowers Foods Inc. (NYSE:FLO). The consensus rating among analysts is ‘Hold’. As we calculate the median target price by taking the range between a high of $33.00 and a low of $24.00, we find $26.00. Given the previous closing price of $24.76, this indicates a potential upside of 5.01 percent. FLO stock price is now -1.11% away from the 50-day moving average and -9.12% away from the 200-day moving average. The market capitalization of the company currently stands at $5.19B.
Among analysts, 5 rate the stock a hold while 1 rate it a buy. Brokers who have rated the stock have averaged $27.33 as their price target over the next twelve months.
With the price target maintained at $27, Deutsche Bank recently Upgraded its rating from Sell to Hold for Flowers Foods Inc. (NYSE: FLO).
In other news, COURTNEY H MARK, Chief Brand Officer sold 14,272 shares of the company’s stock on Jun 28. The stock was sold for $348,094 at an average price of $24.39. Upon completion of the transaction, the Chief Brand Officer now directly owns 41,488 shares in the company, valued at $1.03 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Dec 20, Director Chubb Thomas Caldecot III bought 2,000 shares of the business’s stock. A total of $56,840 was incurred on buying the stock at an average price of $28.42. This leaves the insider owning 25,051 shares of the company worth $0.62 million. Insiders disposed of 556,701 shares of company stock worth roughly $13.76 million over the past 1 year. A total of 0.60% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in FLO stock. A new stake in Flowers Foods Inc. shares was purchased by IPSEN ADVISOR GROUP LLC during the first quarter worth $10,958,000. MEIJI YASUDA ASSET MANAGEMENT CO LTD. invested $8,990,000 in shares of FLO during the first quarter. In the first quarter, TWO SIGMA INVESTMENTS, LP acquired a new stake in Flowers Foods Inc. valued at approximately $8,657,000. GREENLAND CAPITAL MANAGEMENT LP acquired a new stake in FLO for approximately $4,480,000. DYNAMIC TECHNOLOGY LAB PRIVATE LTD purchased a new stake in FLO valued at around $3,357,000 in the second quarter. In total, there are 530 active investors with 69.80% ownership of the company’s stock.
A candlestick chart of Flowers Foods Inc. (NYSE: FLO) showed a price of $24.71 on Monday morning. During the past 12 months, Flowers Foods Inc. has had a low of $23.87 and a high of $30.16. As of last week, the company has a debt-to-equity ratio of 0.74, a current ratio of 1.30, and a quick ratio of 0.80. According to the stock market information, the enterprise value for the company is $6.58B, which is based on a 24.69 price-to-earnings ratio, a 19.91 price-to-earnings-growth ratio, and a beta of 0.40. The fifty day moving average price for FLO is $24.91 and a two-hundred day moving average price translates $27.19 for the stock.
The latest earnings results from Flowers Foods Inc. (NYSE: FLO) was released for Apr, 2023. According to the Packaged Foods Company, earnings per share came in at $0.38, inline with analysts’ expectations of $0.38. This compares to $0.40 EPS in the same period last year. The net profit margin was 4.40% and return on equity was 14.80% for FLO. The company reported revenue of $1.53 billion for the quarter, compared to $1.44 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 6.86 percent. For the current quarter, analysts expect FLO to generate $1.2B in revenue.
Moreover, the firm recently paid out its quarterly dividend on 06/22/2023. Investors who held shares on 06/08/2023 were paid a $0.23 dividend. On an annualized basis, this represents a $0.92 dividend and a 3.72% percent yield. There was an ex-dividend date of 06/07/2023 for this dividend. In terms of dividend payout ratio, FLO is presently at 87.50%.
Flowers Foods Inc.(FLO) Company Profile
Flowers Foods, Inc. produces and markets packaged bakery food products in the United States. Its principal products include fresh breads, buns, rolls, snack cakes, and tortillas, as well as frozen breads and rolls under the Nature’s Own, Dave’s Killer Bread, Wonder, Canyon Bakehouse, Mrs. Freshley’s, and Tastykake brand names. The company distributes its products through a direct-store-delivery distribution and a warehouse delivery system, as well as operates bakeries. Its customers include national and regional restaurants, institutions and foodservice distributors, and retail in-store bakeries; wholesale distributors; mass merchandisers, supermarkets and other retailers, vending outlets, and convenience stores; quick-serve chains, food wholesalers, dollar stores, and vending companies; and public health care, military commissaries, and prisons, and other governmental institutions. The company was formerly known as Flowers Industries and changed its name to Flowers Foods, Inc. in 2001. Flowers Foods, Inc. was founded in 1919 and is headquartered in Thomasville, Georgia.
