Flowers Foods (NYSE:FLO) Sets New 1-Year Low Following Analyst Downgrade

Flowers Foods, Inc. (NYSE:FLOGet Free Report)’s share price hit a new 52-week low on Tuesday after Deutsche Bank Aktiengesellschaft lowered their price target on the stock from $11.00 to $7.00. Deutsche Bank Aktiengesellschaft currently has a hold rating on the stock. Flowers Foods traded as low as $8.02 and last traded at $7.9850, with a volume of 2566385 shares trading hands. The stock had previously closed at $8.37.

Other research analysts have also recently issued research reports about the stock. Wall Street Zen upgraded shares of Flowers Foods from a “hold” rating to a “buy” rating in a research note on Saturday, March 21st. Zacks Research lowered Flowers Foods from a “hold” rating to a “strong sell” rating in a research note on Wednesday, February 25th. Stephens set a $11.00 target price on Flowers Foods in a report on Wednesday, February 18th. Finally, Weiss Ratings restated a “sell (d+)” rating on shares of Flowers Foods in a research report on Thursday, January 22nd. Four research analysts have rated the stock with a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, Flowers Foods presently has a consensus rating of “Reduce” and an average target price of $11.80.

View Our Latest Stock Analysis on FLO

Insider Activity

In related news, CEO Ryals Mcmullian sold 209,000 shares of Flowers Foods stock in a transaction dated Friday, January 2nd. The shares were sold at an average price of $10.87, for a total transaction of $2,271,830.00. Following the completion of the transaction, the chief executive officer directly owned 1,022,380 shares of the company’s stock, valued at $11,113,270.60. This trade represents a 16.97% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 11.57% of the stock is owned by company insiders.

Flowers Foods News Roundup

Here are the key news stories impacting Flowers Foods this week:

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of FLO. Gotham Asset Management LLC raised its position in Flowers Foods by 859.6% in the 4th quarter. Gotham Asset Management LLC now owns 4,026,582 shares of the company’s stock valued at $43,809,000 after purchasing an additional 3,606,962 shares during the last quarter. ProShare Advisors LLC boosted its stake in Flowers Foods by 139.1% in the third quarter. ProShare Advisors LLC now owns 4,295,812 shares of the company’s stock worth $56,060,000 after purchasing an additional 2,499,194 shares in the last quarter. Norges Bank bought a new stake in shares of Flowers Foods during the second quarter worth $37,674,000. AQR Capital Management LLC increased its stake in shares of Flowers Foods by 70.1% in the fourth quarter. AQR Capital Management LLC now owns 4,603,093 shares of the company’s stock valued at $50,082,000 after buying an additional 1,896,607 shares in the last quarter. Finally, Invesco Ltd. increased its stake in shares of Flowers Foods by 48.1% in the fourth quarter. Invesco Ltd. now owns 5,333,854 shares of the company’s stock valued at $58,032,000 after buying an additional 1,732,003 shares in the last quarter. Institutional investors own 75.45% of the company’s stock.

Flowers Foods Price Performance

The stock has a fifty day moving average of $9.88 and a 200-day moving average of $11.03. The company has a quick ratio of 0.54, a current ratio of 0.75 and a debt-to-equity ratio of 1.04. The firm has a market capitalization of $1.73 billion, a P/E ratio of 20.39 and a beta of 0.36.

Flowers Foods (NYSE:FLOGet Free Report) last issued its quarterly earnings data on Thursday, February 12th. The company reported $0.22 EPS for the quarter, topping analysts’ consensus estimates of $0.16 by $0.06. The firm had revenue of $1.23 billion for the quarter, compared to analyst estimates of $1.23 billion. Flowers Foods had a net margin of 1.59% and a return on equity of 16.61%. The company’s revenue was up 11.0% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.22 EPS. Flowers Foods has set its FY 2026 guidance at 0.800-0.900 EPS. Equities analysts predict that Flowers Foods, Inc. will post 1.18 EPS for the current fiscal year.

Flowers Foods Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 20th. Investors of record on Friday, March 6th were issued a $0.2475 dividend. The ex-dividend date of this dividend was Friday, March 6th. This represents a $0.99 dividend on an annualized basis and a dividend yield of 12.1%. Flowers Foods’s dividend payout ratio (DPR) is currently 247.50%.

About Flowers Foods

(Get Free Report)

Flowers Foods, Inc is one of the largest producers of packaged bakery foods in the United States, offering a variety of fresh bread, buns, rolls, snack cakes and tortillas. Headquartered in Thomasville, Georgia, the company operates an extensive network of bakeries and distribution centers that serve retail grocery chains, convenience stores, mass merchandisers and foodservice customers nationwide. Flowers Foods markets its products under well-known brands such as Nature’s Own, Wonder, Dave’s Killer Bread, Mrs.

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