Flowers Foods (NYSE:FLO) Releases Quarterly Earnings Results

Key Points

• Flowers Foods reported earnings of $0.30 per share, exceeding analysts' expectations by $0.01, while revenue came in at $1.24 billion, slightly below the forecast of $1.27 billion.
• The company increased its quarterly dividend to $0.2475 per share, reflecting a robust annualized yield of 6.2%.
• Despite the positive earnings report, shares of Flowers Foods traded down 3.7% following the announcement, closing at $15.97.

Flowers Foods (NYSE:FLO - Get Free Report) issued its earnings results on Friday. The company reported $0.30 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.29 by $0.01, Zacks reports. The firm had revenue of $1.24 billion for the quarter, compared to analyst estimates of $1.27 billion. Flowers Foods had a return on equity of 17.85% and a net margin of 4.30%.The business's revenue was up 1.5% on a year-over-year basis. During the same period in the previous year, the company posted $0.36 earnings per share. Flowers Foods updated its FY 2025 guidance to 1.000-1.10 EPS.

Flowers Foods Trading Up 0.0%

Shares of FLO traded up $0.0060 during mid-day trading on Wednesday, reaching $15.7260. The company's stock had a trading volume of 2,696,912 shares, compared to its average volume of 2,460,116. The stock has a market cap of $3.32 billion, a PE ratio of 15.12 and a beta of 0.32. The company's fifty day moving average price is $16.00 and its two-hundred day moving average price is $17.37. Flowers Foods has a 52 week low of $15.27 and a 52 week high of $23.87. The company has a current ratio of 1.26, a quick ratio of 0.89 and a debt-to-equity ratio of 1.23.

Flowers Foods Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, June 19th. Shareholders of record on Thursday, June 5th were given a dividend of $0.2475 per share. The ex-dividend date was Thursday, June 5th. This is an increase from Flowers Foods's previous quarterly dividend of $0.24. This represents a $0.99 dividend on an annualized basis and a yield of 6.3%. Flowers Foods's dividend payout ratio (DPR) is 95.19%.

Insider Buying and Selling at Flowers Foods

In other Flowers Foods news, Director William Jameson Mcfadden purchased 3,000 shares of Flowers Foods stock in a transaction that occurred on Tuesday, May 27th. The shares were bought at an average price of $16.92 per share, for a total transaction of $50,760.00. Following the acquisition, the director directly owned 532,476 shares in the company, valued at approximately $9,009,493.92. This trade represents a 0.57% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Thomas Caldecot Chubb III bought 3,000 shares of Flowers Foods stock in a transaction on Tuesday, May 27th. The shares were purchased at an average price of $16.88 per share, for a total transaction of $50,640.00. Following the acquisition, the director directly owned 45,861 shares in the company, valued at approximately $774,133.68. This trade represents a 7.00% increase in their position. The disclosure for this purchase can be found here. Insiders acquired a total of 12,000 shares of company stock worth $202,440 over the last three months. Company insiders own 11.57% of the company's stock.

Institutional Investors Weigh In On Flowers Foods

Hedge funds and other institutional investors have recently modified their holdings of the stock. Bank of America Corp DE boosted its stake in shares of Flowers Foods by 59.5% in the second quarter. Bank of America Corp DE now owns 1,841,985 shares of the company's stock worth $29,435,000 after acquiring an additional 687,488 shares during the period. Millennium Management LLC boosted its stake in shares of Flowers Foods by 209.6% in the first quarter. Millennium Management LLC now owns 949,688 shares of the company's stock worth $18,054,000 after acquiring an additional 642,942 shares during the period. State Street Corp boosted its stake in shares of Flowers Foods by 6.3% in the second quarter. State Street Corp now owns 10,245,714 shares of the company's stock worth $163,727,000 after acquiring an additional 602,920 shares during the period. AQR Capital Management LLC boosted its stake in shares of Flowers Foods by 64.2% in the second quarter. AQR Capital Management LLC now owns 1,531,329 shares of the company's stock worth $24,180,000 after acquiring an additional 598,753 shares during the period. Finally, Qube Research & Technologies Ltd boosted its stake in shares of Flowers Foods by 34.2% in the second quarter. Qube Research & Technologies Ltd now owns 2,121,903 shares of the company's stock worth $33,908,000 after acquiring an additional 540,933 shares during the period. 75.45% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on FLO. DA Davidson restated a "neutral" rating and issued a $15.00 target price on shares of Flowers Foods in a research note on Monday. Jefferies Financial Group reduced their price target on Flowers Foods from $20.00 to $16.00 and set a "hold" rating for the company in a research report on Friday, May 16th. Wall Street Zen cut Flowers Foods from a "buy" rating to a "hold" rating in a research report on Monday, May 19th. Finally, Truist Financial reduced their price target on Flowers Foods from $20.00 to $15.00 and set a "hold" rating for the company in a research report on Monday. Three investment analysts have rated the stock with a Hold rating, Based on data from MarketBeat, the company presently has an average rating of "Hold" and an average price target of $15.33.

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.