Flowers Foods (FLO) Research Coverage Started at Hilliard Lyons

Hilliard Lyons assumed coverage on shares of Flowers Foods (NYSE:FLO) in a report published on Tuesday. The firm issued a buy rating and a $25.00 target price on the stock.

FLO has been the subject of several other reports. TheStreet upgraded Flowers Foods from a c+ rating to a b rating in a report on Wednesday, February 7th. Zacks Investment Research downgraded Flowers Foods from a hold rating to a sell rating in a research note on Thursday, February 8th. Pivotal Research restated a buy rating and set a $26.00 target price (up from $23.00) on shares of Flowers Foods in a research note on Friday, January 12th. KeyCorp assumed coverage on Flowers Foods in a research note on Tuesday, March 27th. They set an overweight rating and a $24.00 target price for the company. Finally, Stephens restated a hold rating and set a $20.00 target price on shares of Flowers Foods in a research note on Friday, February 9th. Four investment analysts have rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the stock. The company currently has an average rating of Buy and a consensus target price of $22.13.

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NYSE FLO traded down $0.02 during trading hours on Tuesday, hitting $22.25. The company had a trading volume of 452,314 shares, compared to its average volume of 1,259,680. Flowers Foods has a fifty-two week low of $16.80 and a fifty-two week high of $22.50. The company has a market cap of $4,679.73, a P/E ratio of 25.00, a P/E/G ratio of 3.38 and a beta of 0.67. The company has a current ratio of 1.29, a quick ratio of 1.01 and a debt-to-equity ratio of 0.66.

Flowers Foods (NYSE:FLO) last announced its quarterly earnings results on Wednesday, February 7th. The company reported $0.17 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.14 by $0.03. Flowers Foods had a return on equity of 15.17% and a net margin of 3.83%. The firm had revenue of $873.60 million during the quarter, compared to the consensus estimate of $860.34 million. During the same period in the prior year, the firm earned $0.16 EPS. The firm’s quarterly revenue was up .6% compared to the same quarter last year. sell-side analysts forecast that Flowers Foods will post 1.08 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Friday, March 16th. Stockholders of record on Friday, March 2nd were paid a dividend of $0.17 per share. The ex-dividend date of this dividend was Thursday, March 1st. This represents a $0.68 annualized dividend and a dividend yield of 3.06%. Flowers Foods’s dividend payout ratio is presently 76.40%.

In other news, insider David M. Roach sold 10,500 shares of the firm’s stock in a transaction dated Tuesday, March 27th. The stock was sold at an average price of $21.11, for a total transaction of $221,655.00. Following the completion of the sale, the insider now directly owns 67,801 shares in the company, valued at $1,431,279.11. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 15.81% of the stock is owned by company insiders.

Hedge funds have recently modified their holdings of the company. Ameriprise Financial Inc. lifted its position in shares of Flowers Foods by 7.3% during the third quarter. Ameriprise Financial Inc. now owns 673,943 shares of the company’s stock worth $12,677,000 after purchasing an additional 45,909 shares during the last quarter. BlackRock Inc. lifted its position in shares of Flowers Foods by 2.9% during the fourth quarter. BlackRock Inc. now owns 14,983,444 shares of the company’s stock worth $289,330,000 after purchasing an additional 416,393 shares during the last quarter. Koch Industries Inc. lifted its position in shares of Flowers Foods by 143.3% during the fourth quarter. Koch Industries Inc. now owns 44,200 shares of the company’s stock worth $854,000 after purchasing an additional 26,030 shares during the last quarter. Schwab Charles Investment Management Inc. lifted its position in shares of Flowers Foods by 8.1% during the third quarter. Schwab Charles Investment Management Inc. now owns 1,640,892 shares of the company’s stock worth $30,866,000 after purchasing an additional 122,709 shares during the last quarter. Finally, Vident Investment Advisory LLC bought a new position in shares of Flowers Foods during the third quarter worth about $367,000. 63.00% of the stock is currently owned by institutional investors and hedge funds.

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Flowers Foods Company Profile

Flowers Foods, Inc is a producer and marketer of packaged bakery products. The Company operates in two segments: direct-store-delivery segment (DSD Segment) and warehouse delivery segment (Warehouse Segment). The DSD segment produces fresh breads, buns, rolls, tortillas and snack cakes sold primarily by a network of independent distributors to retail and foodservice customers in the areas of the United States: East, South, Southwest, California, and select markets in the Midwest, Pacific Northwest, Nevada, and Colorado.

Analyst Recommendations for Flowers Foods (NYSE:FLO)

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