Flowers Foods (NYSE:FLO) Issues Quarterly Earnings Results, Misses Estimates By $0.03 EPS

Flowers Foods (NYSE:FLO) released its quarterly earnings results on Friday. The company reported $0.35 EPS for the quarter, missing analysts’ consensus estimates of $0.38 by ($0.03), RTT News reports. Flowers Foods had a net margin of 4.86% and a return on equity of 19.48%. The business had revenue of $1.55 billion during the quarter, compared to analysts’ expectations of $1.60 billion. During the same quarter last year, the business posted $0.38 earnings per share. The company’s quarterly revenue was down 1.4% compared to the same quarter last year. Flowers Foods updated its FY 2025 guidance to 1.050-1.150 EPS.

Flowers Foods Price Performance

Shares of NYSE FLO opened at $17.29 on Friday. Flowers Foods has a 52 week low of $16.43 and a 52 week high of $24.81. The business’s 50 day moving average price is $18.10 and its 200 day moving average price is $19.62. The company has a quick ratio of 0.95, a current ratio of 1.20 and a debt-to-equity ratio of 0.72. The firm has a market cap of $3.65 billion, a P/E ratio of 14.77, a P/E/G ratio of 8.72 and a beta of 0.37.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on the stock. Jefferies Financial Group decreased their price objective on shares of Flowers Foods from $20.00 to $16.00 and set a “hold” rating for the company in a research report on Friday. DA Davidson cut their price target on shares of Flowers Foods from $24.00 to $21.00 and set a “neutral” rating on the stock in a research note on Monday, February 10th. Finally, Truist Financial lowered their price objective on shares of Flowers Foods from $23.00 to $20.00 and set a “hold” rating for the company in a research note on Monday, February 10th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has given a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average target price of $19.25.

Institutional Trading of Flowers Foods

Several institutional investors and hedge funds have recently bought and sold shares of the business. Millennium Management LLC increased its stake in shares of Flowers Foods by 209.6% in the first quarter. Millennium Management LLC now owns 949,688 shares of the company’s stock worth $18,054,000 after acquiring an additional 642,942 shares during the period. Goldman Sachs Group Inc. boosted its holdings in Flowers Foods by 7.2% in the first quarter. Goldman Sachs Group Inc. now owns 976,456 shares of the company’s stock valued at $18,562,000 after purchasing an additional 65,258 shares during the last quarter. Integrated Wealth Concepts LLC acquired a new stake in Flowers Foods during the 1st quarter worth about $499,000. Finally, Empowered Funds LLC raised its stake in shares of Flowers Foods by 10.6% during the 1st quarter. Empowered Funds LLC now owns 150,404 shares of the company’s stock valued at $2,859,000 after buying an additional 14,476 shares during the last quarter. 75.45% of the stock is currently owned by institutional investors and hedge funds.

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 items, bagels, English muffins, and tortillas, as well as frozen breads and rolls under the Nature's Own, Dave's Killer Bread, Wonder, Canyon Bakehouse, Mrs.