Boothbay Fund Management LLC Invests $389,000 in Flowers Foods, Inc. (NYSE:FLO)

Boothbay Fund Management LLC purchased a new stake in Flowers Foods, Inc. (NYSE:FLO - Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 18,839 shares of the company's stock, valued at approximately $389,000.

A number of other institutional investors have also recently bought and sold shares of FLO. Susquehanna Fundamental Investments LLC purchased a new stake in Flowers Foods during the fourth quarter valued at about $997,000. Fuller & Thaler Asset Management Inc. increased its position in shares of Flowers Foods by 28.2% in the fourth quarter. Fuller & Thaler Asset Management Inc. now owns 4,381,444 shares of the company's stock worth $90,521,000 after acquiring an additional 965,097 shares in the last quarter. Pinebridge Investments L.P. raised its holdings in shares of Flowers Foods by 42.7% during the fourth quarter. Pinebridge Investments L.P. now owns 76,140 shares of the company's stock valued at $1,573,000 after acquiring an additional 22,776 shares during the period. Susquehanna International Group LLP lifted its position in shares of Flowers Foods by 76.7% in the 4th quarter. Susquehanna International Group LLP now owns 75,167 shares of the company's stock valued at $1,553,000 after acquiring an additional 32,631 shares in the last quarter. Finally, MetLife Investment Management LLC boosted its stake in Flowers Foods by 9.1% in the 4th quarter. MetLife Investment Management LLC now owns 110,258 shares of the company's stock worth $2,278,000 after purchasing an additional 9,179 shares during the period. Hedge funds and other institutional investors own 75.45% of the company's stock.

Flowers Foods Stock Down 0.5 %

Shares of NYSE:FLO traded down $0.09 during trading on Monday, reaching $17.45. 1,391,001 shares of the company traded hands, compared to its average volume of 1,541,826. The firm has a fifty day simple moving average of $18.42 and a 200 day simple moving average of $19.96. The company has a quick ratio of 0.95, a current ratio of 1.20 and a debt-to-equity ratio of 0.72. Flowers Foods, Inc. has a 1-year low of $17.21 and a 1-year high of $26.12. The firm has a market cap of $3.68 billion, a P/E ratio of 14.91, a price-to-earnings-growth ratio of 8.72 and a beta of 0.40.

Flowers Foods (NYSE:FLO - Get Free Report) last released its quarterly earnings data 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 19.48% and a net margin of 4.86%. During the same quarter in the previous year, the business earned $0.20 earnings per share. Analysts anticipate that Flowers Foods, Inc. will post 1.18 earnings per share for the current fiscal year.

Flowers Foods Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Friday, February 28th were given a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a yield of 5.50%. The ex-dividend date was Friday, February 28th. Flowers Foods's payout ratio is presently 82.05%.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on FLO. Truist Financial reduced their target price on Flowers Foods from $23.00 to $20.00 and set a "hold" rating for the company in a report on Monday, February 10th. DA Davidson reduced their price objective on Flowers Foods from $24.00 to $21.00 and set a "neutral" rating for the company in a research note on Monday, February 10th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average price target of $21.00.

Flowers Foods 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.