Flowers Foods (NYSE:FLO) – Investment analysts at Jefferies Group cut their Q2 2018 earnings estimates for Flowers Foods in a report issued on Thursday, May 17th. Jefferies Group analyst A. Jagdale now expects that the company will post earnings of $0.28 per share for the quarter, down from their previous forecast of $0.29. Jefferies Group currently has a “Hold” rating and a $19.00 price target on the stock. Jefferies Group also issued estimates for Flowers Foods’ Q4 2018 earnings at $0.22 EPS, FY2018 earnings at $1.05 EPS and FY2019 earnings at $1.13 EPS.
A number of other research analysts also recently weighed in on the stock. ValuEngine downgraded shares of Flowers Foods from a “buy” rating to a “hold” rating in a research report on Monday. Zacks Investment Research downgraded shares of Flowers Foods from a “buy” rating to a “hold” rating in a research report on Wednesday, April 18th. Deutsche Bank set a $24.00 target price on shares of Flowers Foods and gave the company a “hold” rating in a research report on Tuesday, April 17th. Hilliard Lyons began coverage on shares of Flowers Foods in a research report on Tuesday, April 3rd. They set a “buy” rating and a $25.00 target price for the company. Finally, KeyCorp reaffirmed a “buy” rating on shares of Flowers Foods in a report on Wednesday, March 28th. Seven equities research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company. The company has an average rating of “Hold” and a consensus price target of $22.33.
Flowers Foods (NYSE:FLO) last released its earnings results on Wednesday, May 16th. The company reported $0.30 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.31 by ($0.01). Flowers Foods had a net margin of 3.58% and a return on equity of 16.05%. The company had revenue of $1.21 billion for the quarter, compared to the consensus estimate of $1.20 billion. During the same period in the prior year, the company earned $0.25 earnings per share. The firm’s revenue was up 1.5% on a year-over-year basis.
In related news, insider David M. Roach sold 10,500 shares of the firm’s stock in a transaction that occurred on Tuesday, March 27th. The shares were sold at an average price of $21.11, for a total value of $221,655.00. Following the completion of the transaction, the insider now directly owns 67,801 shares of the company’s stock, valued at approximately $1,431,279.11. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 15.20% of the stock is currently owned by company insiders.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. McKinley Carter Wealth Services Inc. bought a new position in Flowers Foods in the 1st quarter valued at $103,000. Truewealth LLC bought a new position in Flowers Foods in the 4th quarter valued at $119,000. Advisor Group Inc. boosted its holdings in Flowers Foods by 77.8% in the 4th quarter. Advisor Group Inc. now owns 6,831 shares of the company’s stock valued at $132,000 after purchasing an additional 2,990 shares during the period. Quattro Financial Advisors LLC bought a new position in Flowers Foods in the 1st quarter valued at $146,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in Flowers Foods by 48.7% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 9,976 shares of the company’s stock valued at $193,000 after purchasing an additional 3,266 shares during the period. 65.87% of the stock is owned by institutional investors.
Flowers Foods Company Profile
Flowers Foods, Inc produces and markets bakery products in the United States. It operates through two segments, Direct-Store-Delivery (DSD) and Warehouse Delivery. The DSD segment produces and markets fresh breads, buns, rolls, tortillas, and snack cakes. This segment offers its products primarily under the Nature's Own, Wonder, Cobblestone Bread Company, Tastykake, and Dave's Killer Bread brand names.
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