Flowers Foods (NYSE:FLO) Receives Neutral Rating from DA Davidson

Key Points

• DA Davidson has reaffirmed a neutral rating for Flowers Foods (NYSE:FLO) with a target price of $15.00, indicating a potential downside of 4.79% from its previous close.
• Other firms, including Jefferies and Truist Financial, have also adjusted their ratings, setting a hold rating and lowering price targets for the stock.
• Flowers Foods recently reported earnings of $0.30 per share, beating estimates and showing a 1.5% revenue increase year-over-year, although it fell short of revenue expectations.

DA Davidson reaffirmed their neutral rating on shares of Flowers Foods (NYSE:FLO - Free Report) in a report published on Monday,Benzinga reports. DA Davidson currently has a $15.00 price target on the stock.

Several other equities analysts have also issued reports on FLO. Jefferies Financial Group decreased their price target on Flowers Foods from $20.00 to $16.00 and set a "hold" rating on the stock in a research note on Friday, May 16th. Wall Street Zen lowered Flowers Foods from a "buy" rating to a "hold" rating in a research note on Monday, May 19th. Finally, Truist Financial decreased their price target on Flowers Foods from $20.00 to $15.00 and set a "hold" rating on the stock in a research note on Monday, August 18th. Three investment analysts have rated the stock with a Hold rating, Based on data from MarketBeat, Flowers Foods has a consensus rating of "Hold" and a consensus target price of $15.33.

Flowers Foods Price Performance

Shares of NYSE FLO traded up $0.3450 during mid-day trading on Monday, reaching $15.8350. The company had a trading volume of 3,895,760 shares, compared to its average volume of 2,668,568. The company has a debt-to-equity ratio of 1.23, a quick ratio of 0.89 and a current ratio of 1.26. Flowers Foods has a one year low of $15.27 and a one year high of $23.87. The firm has a market cap of $3.34 billion, a price-to-earnings ratio of 15.23 and a beta of 0.32. The business's 50-day simple moving average is $15.98 and its 200 day simple moving average is $17.31.

Flowers Foods (NYSE:FLO - Get Free Report) last issued its quarterly earnings results on Friday, August 15th. The company reported $0.30 EPS for the quarter, topping analysts' consensus estimates of $0.29 by $0.01. Flowers Foods had a return on equity of 17.85% and a net margin of 4.30%.The company had revenue of $1.24 billion for the quarter, compared to analysts' expectations of $1.27 billion. During the same quarter last year, the business earned $0.36 earnings per share. Flowers Foods's revenue was up 1.5% on a year-over-year basis. Flowers Foods has set its FY 2025 guidance at 1.000-1.10 EPS. On average, research analysts predict that Flowers Foods will post 1.18 earnings per share for the current fiscal year.

Flowers Foods Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, September 19th. Shareholders of record on Friday, September 5th will be issued a dividend of $0.2475 per share. This represents a $0.99 annualized dividend and a yield of 6.3%. Flowers Foods's payout ratio is presently 95.19%.

Insiders Place Their Bets

In related news, Director Thomas Caldecot Chubb III bought 3,000 shares of the business's stock in a transaction on Tuesday, May 27th. The shares were purchased at an average cost of $16.88 per share, with a total value of $50,640.00. Following the acquisition, the director owned 45,861 shares of the company's stock, valued at $774,133.68. This represents a 7.00% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director George E. Deese acquired 6,000 shares of the company's stock in a transaction dated Tuesday, May 27th. The stock was acquired at an average cost of $16.84 per share, for a total transaction of $101,040.00. Following the completion of the purchase, the director directly owned 2,004,990 shares in the company, valued at $33,764,031.60. This trade represents a 0.30% increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last three months, insiders have purchased 12,000 shares of company stock valued at $202,440. 11.57% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. State Street Corp lifted its stake in shares of Flowers Foods by 6.3% in the 2nd quarter. State Street Corp now owns 10,245,714 shares of the company's stock valued at $163,727,000 after purchasing an additional 602,920 shares during the period. Fuller & Thaler Asset Management Inc. raised its stake in Flowers Foods by 91.6% during the 1st quarter. Fuller & Thaler Asset Management Inc. now owns 8,392,872 shares of the company's stock worth $159,548,000 after buying an additional 4,011,428 shares during the period. Charles Schwab Investment Management Inc. lifted its position in shares of Flowers Foods by 3.4% during the 2nd quarter. Charles Schwab Investment Management Inc. now owns 7,701,163 shares of the company's stock valued at $123,065,000 after buying an additional 251,923 shares during the last quarter. Cooke & Bieler LP lifted its position in shares of Flowers Foods by 2.9% during the 1st quarter. Cooke & Bieler LP now owns 5,612,523 shares of the company's stock valued at $106,694,000 after buying an additional 159,460 shares during the last quarter. Finally, Dimensional Fund Advisors LP lifted its position in shares of Flowers Foods by 11.1% during the 4th quarter. Dimensional Fund Advisors LP now owns 4,299,631 shares of the company's stock valued at $88,829,000 after buying an additional 428,963 shares during the last quarter. 75.45% of the stock is owned by institutional investors and hedge funds.

Flowers Foods Company 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.