Flowers Foods (NYSE:FLO) Price Target Cut to $22.00 by Analysts at Jefferies Financial Group

Flowers Foods (NYSE:FLO) had its target price cut by Jefferies Financial Group from $24.00 to $22.00 in a report released on Tuesday, The Fly reports. The firm currently has a “hold” rating on the stock. Jefferies Financial Group’s target price would indicate a potential upside of 0.92% from the stock’s previous close.

Other analysts also recently issued reports about the stock. Zacks Investment Research downgraded shares of Flowers Foods from a “buy” rating to a “hold” rating and set a $26.00 price objective on the stock. in a research report on Tuesday, October 13th. BidaskClub downgraded shares of Flowers Foods from a “hold” rating to a “sell” rating in a research report on Tuesday, January 5th. Finally, ValuEngine downgraded shares of Flowers Foods from a “hold” rating to a “sell” rating in a research report on Tuesday, November 10th. Two research analysts have rated the stock with a sell rating and four have issued a hold rating to the company. The company has a consensus rating of “Hold” and an average target price of $24.25.

Shares of FLO stock opened at $21.80 on Tuesday. The company has a market capitalization of $4.61 billion, a price-to-earnings ratio of 47.39 and a beta of 0.36. Flowers Foods has a one year low of $17.42 and a one year high of $25.18. The company’s fifty day moving average price is $22.55 and its 200-day moving average price is $23.26. The company has a debt-to-equity ratio of 0.76, a current ratio of 1.68 and a quick ratio of 1.43.

Flowers Foods (NYSE:FLO) last announced its quarterly earnings data on Thursday, November 12th. The company reported $0.29 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.26 by $0.03. The firm had revenue of $989.65 million for the quarter, compared to the consensus estimate of $975.39 million. Flowers Foods had a net margin of 2.30% and a return on equity of 19.41%. The company’s revenue was up 2.4% on a year-over-year basis. During the same period last year, the firm earned $0.22 EPS. Equities research analysts expect that Flowers Foods will post 1.27 earnings per share for the current fiscal year.

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Charles Schwab Investment Management Inc. grew its stake in Flowers Foods by 5.2% during the third quarter. Charles Schwab Investment Management Inc. now owns 3,450,543 shares of the company’s stock valued at $83,952,000 after acquiring an additional 171,962 shares in the last quarter. Hamlin Capital Management LLC grew its stake in Flowers Foods by 56.1% during the third quarter. Hamlin Capital Management LLC now owns 2,881,810 shares of the company’s stock valued at $70,114,000 after acquiring an additional 1,035,417 shares in the last quarter. Southeast Asset Advisors Inc. grew its stake in Flowers Foods by 2.0% during the third quarter. Southeast Asset Advisors Inc. now owns 2,089,116 shares of the company’s stock valued at $50,828,000 after acquiring an additional 41,038 shares in the last quarter. Boston Trust Walden Corp grew its stake in Flowers Foods by 3.6% during the third quarter. Boston Trust Walden Corp now owns 1,897,106 shares of the company’s stock valued at $46,157,000 after acquiring an additional 66,139 shares in the last quarter. Finally, Acadian Asset Management LLC grew its stake in Flowers Foods by 116.0% during the third quarter. Acadian Asset Management LLC now owns 1,708,755 shares of the company’s stock valued at $41,578,000 after acquiring an additional 917,722 shares in the last quarter. 62.70% of the stock is owned by institutional investors.

About Flowers Foods

Flowers Foods, Inc produces and markets packaged bakery products in the United States. It offers 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, Tastykake, Alpine Valley, Aunt Hattie's, Bunny, Butternut, Butterkrust, Captain John Derst, Country Kitchen, Evangeline Maid, Home Pride, Merita, Sara Lee (California), and Sunbeam brand names.

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