Flowers Foods (NYSE:FLO) Price Target Lowered to $20.00 at Truist Financial

Flowers Foods (NYSE:FLO) had its target price decreased by equities researchers at Truist Financial from $23.00 to $20.00 in a research note issued to investors on Monday,Benzinga reports. The firm presently has a “hold” rating on the stock. Truist Financial’s price target would indicate a potential upside of 4.90% from the company’s previous close.

Separately, StockNews.com cut Flowers Foods from a “strong-buy” rating to a “buy” rating in a research note on Friday, December 20th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and one has given a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $22.00.

Flowers Foods Stock Down 1.4 %

Shares of NYSE:FLO opened at $19.07 on Monday. The firm has a 50 day simple moving average of $20.36 and a 200 day simple moving average of $21.87. Flowers Foods has a 52 week low of $18.85 and a 52 week high of $26.12. The company has a debt-to-equity ratio of 0.75, a quick ratio of 0.95 and a current ratio of 1.24. The company has a market cap of $4.02 billion, a PE ratio of 16.72, a price-to-earnings-growth ratio of 3.74 and a beta of 0.38.

Flowers Foods (NYSE:FLO) last released its earnings results on Friday, February 7th. The company reported $0.22 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.21 by $0.01. Flowers Foods had a return on equity of 19.41% and a net margin of 4.70%. During the same period last year, the company earned $0.20 earnings per share. As a group, research analysts expect that Flowers Foods will post 1.27 earnings per share for the current year.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. CWM LLC increased its position in Flowers Foods by 61.0% during the third quarter. CWM LLC now owns 18,618 shares of the company’s stock worth $430,000 after buying an additional 7,051 shares during the last quarter. Inspire Investing LLC increased its holdings in shares of Flowers Foods by 11.9% during the 3rd quarter. Inspire Investing LLC now owns 17,826 shares of the company’s stock valued at $411,000 after acquiring an additional 1,902 shares during the last quarter. Exchange Traded Concepts LLC raised its stake in shares of Flowers Foods by 7.1% in the 3rd quarter. Exchange Traded Concepts LLC now owns 31,125 shares of the company’s stock valued at $718,000 after acquiring an additional 2,059 shares in the last quarter. Thomasville National Bank lifted its holdings in Flowers Foods by 30.2% in the 3rd quarter. Thomasville National Bank now owns 429,014 shares of the company’s stock worth $9,897,000 after purchasing an additional 99,599 shares during the last quarter. Finally, Creative Planning boosted its position in Flowers Foods by 1.2% during the third quarter. Creative Planning now owns 429,116 shares of the company’s stock worth $9,900,000 after purchasing an additional 5,035 shares during the period. Institutional investors and hedge funds own 75.45% of the company’s stock.

About Flowers Foods

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.