Flowers Foods (NYSE:FLO) Rating Lowered to Hold at StockNews.com

Flowers Foods (NYSE:FLO) was downgraded by research analysts at StockNews.com from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Wednesday.

Other equities analysts have also issued reports about the company. TheStreet lowered Flowers Foods from a “b-” rating to a “c+” rating in a report on Monday, October 16th. Stephens restated an “equal weight” rating and issued a $25.00 target price on shares of Flowers Foods in a research report on Friday, August 11th. Finally, Truist Financial cut their target price on Flowers Foods from $25.00 to $23.00 and set a “hold” rating for the company in a research report on Monday. Four equities research analysts have rated the stock with a hold rating, According to MarketBeat, Flowers Foods currently has a consensus rating of “Hold” and a consensus price target of $24.00.

Flowers Foods Stock Down 1.2 %

NYSE:FLO opened at $20.84 on Wednesday. The firm has a market capitalization of $4.40 billion, a PE ratio of 32.56, a price-to-earnings-growth ratio of 12.13 and a beta of 0.46. The stock has a 50 day moving average of $21.93 and a 200-day moving average of $24.05. Flowers Foods has a 52 week low of $19.64 and a 52 week high of $30.16. The company has a current ratio of 1.07, a quick ratio of 0.79 and a debt-to-equity ratio of 0.76.

Flowers Foods (NYSE:FLO) last issued its quarterly earnings data on Thursday, November 9th. The company reported $0.29 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.28 by $0.01. Flowers Foods had a return on equity of 18.27% and a net margin of 2.70%. The business had revenue of $1.20 billion during the quarter, compared to analyst estimates of $1.21 billion. During the same period in the prior year, the company posted $0.30 EPS. The business’s revenue for the quarter was up 3.5% compared to the same quarter last year. Analysts predict that Flowers Foods will post 1.22 EPS for the current year.

Institutional Investors Weigh In On Flowers Foods

A number of institutional investors and hedge funds have recently modified their holdings of FLO. Advisor Group Holdings Inc. lifted its position in shares of Flowers Foods by 28.1% during the 1st quarter. Advisor Group Holdings Inc. now owns 12,607 shares of the company’s stock valued at $323,000 after acquiring an additional 2,765 shares during the last quarter. Raymond James & Associates raised its stake in Flowers Foods by 22.0% during the 1st quarter. Raymond James & Associates now owns 59,123 shares of the company’s stock valued at $1,520,000 after purchasing an additional 10,676 shares during the period. Cambridge Investment Research Advisors Inc. acquired a new stake in Flowers Foods during the 1st quarter valued at $539,000. Cetera Advisor Networks LLC raised its stake in Flowers Foods by 60.4% during the 1st quarter. Cetera Advisor Networks LLC now owns 12,920 shares of the company’s stock valued at $332,000 after purchasing an additional 4,865 shares during the period. Finally, Bank of Montreal Can raised its stake in Flowers Foods by 5.6% during the 1st quarter. Bank of Montreal Can now owns 27,286 shares of the company’s stock valued at $704,000 after purchasing an additional 1,452 shares during the period. Institutional investors and hedge funds own 78.55% of the company’s stock.

Flowers Foods 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.