SummitTX Capital L.P. Purchases 113,438 Shares of Flowers Foods, Inc. $FLO

SummitTX Capital L.P. lifted its position in shares of Flowers Foods, Inc. (NYSE:FLO) by 27.8% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 522,209 shares of the company’s stock after purchasing an additional 113,438 shares during the period. SummitTX Capital L.P. owned 0.25% of Flowers Foods worth $4,256,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of the business. WealthCollab LLC raised its position in Flowers Foods by 1,623.7% during the 4th quarter. WealthCollab LLC now owns 2,327 shares of the company’s stock valued at $25,000 after purchasing an additional 2,192 shares during the last quarter. Wilmington Savings Fund Society FSB grew its position in shares of Flowers Foods by 225.6% in the 3rd quarter. Wilmington Savings Fund Society FSB now owns 2,400 shares of the company’s stock worth $31,000 after buying an additional 1,663 shares during the last quarter. Geneos Wealth Management Inc. grew its position in shares of Flowers Foods by 64.4% in the 2nd quarter. Geneos Wealth Management Inc. now owns 2,555 shares of the company’s stock worth $41,000 after buying an additional 1,001 shares during the last quarter. IFP Advisors Inc increased its stake in shares of Flowers Foods by 140.7% during the fourth quarter. IFP Advisors Inc now owns 3,025 shares of the company’s stock valued at $33,000 after buying an additional 1,768 shares during the period. Finally, Fifth Third Bancorp increased its stake in shares of Flowers Foods by 151.2% during the fourth quarter. Fifth Third Bancorp now owns 3,050 shares of the company’s stock valued at $33,000 after buying an additional 1,836 shares during the period. 75.45% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other Flowers Foods news, CFO Diego Anthony Scaglione bought 5,000 shares of the firm’s stock in a transaction on Monday, June 8th. The stock was acquired at an average price of $7.51 per share, with a total value of $37,550.00. Following the completion of the purchase, the chief financial officer owned 194,180 shares of the company’s stock, valued at approximately $1,458,291.80. This trade represents a 2.64% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 7.23% of the company’s stock.

Flowers Foods Price Performance

Shares of FLO stock opened at $7.65 on Tuesday. The business’s fifty day moving average is $7.89 and its 200 day moving average is $8.89. The company has a quick ratio of 0.57, a current ratio of 0.77 and a debt-to-equity ratio of 1.02. The stock has a market cap of $1.62 billion, a price-to-earnings ratio of 21.85 and a beta of 0.39. Flowers Foods, Inc. has a twelve month low of $6.80 and a twelve month high of $16.85.

Flowers Foods (NYSE:FLO) last announced its quarterly earnings data on Thursday, May 21st. The company reported $0.29 EPS for the quarter, beating the consensus estimate of $0.28 by $0.01. The business had revenue of $1.57 billion during the quarter, compared to analyst estimates of $1.58 billion. Flowers Foods had a return on equity of 15.98% and a net margin of 1.38%.The company’s revenue for the quarter was up 1.1% on a year-over-year basis. During the same quarter last year, the firm posted $0.35 earnings per share. Flowers Foods has set its FY 2026 guidance at 0.800-0.900 EPS. Research analysts expect that Flowers Foods, Inc. will post 0.85 EPS for the current fiscal year.

Flowers Foods Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 26th. Investors of record on Friday, June 12th were paid a dividend of $0.125 per share. The ex-dividend date of this dividend was Friday, June 12th. This represents a $0.50 annualized dividend and a yield of 6.5%. Flowers Foods’s payout ratio is presently 142.86%.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on the company. Stephens dropped their price target on Flowers Foods from $11.00 to $8.00 and set an “equal weight” rating for the company in a research note on Monday, May 18th. Deutsche Bank Aktiengesellschaft reduced their price objective on shares of Flowers Foods from $11.00 to $7.00 and set a “hold” rating on the stock in a research report on Monday, March 30th. BNP Paribas Exane decreased their price objective on shares of Flowers Foods from $10.00 to $8.00 and set an “underperform” rating for the company in a report on Thursday, April 9th. Wall Street Zen cut shares of Flowers Foods from a “buy” rating to a “hold” rating in a research report on Sunday, May 3rd. Finally, Weiss Ratings cut shares of Flowers Foods from a “sell (d+)” rating to a “sell (d)” rating in a research report on Monday, May 4th. Five analysts have rated the stock with a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat.com, Flowers Foods has an average rating of “Reduce” and a consensus target price of $9.60.

About Flowers Foods

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.