Flowers Foods (NYSE:FLO) Sets New 52-Week Low - Here's Why

Flowers Foods, Inc. (NYSE:FLO - Get Free Report) reached a new 52-week low during trading on Monday . The stock traded as low as $15.31 and last traded at $15.53, with a volume of 2126873 shares. The stock had previously closed at $15.54.

Analyst Ratings Changes

FLO has been the topic of a number of recent analyst reports. Wall Street Zen lowered Flowers Foods from a "buy" rating to a "hold" rating in a report on Monday, May 19th. Jefferies Financial Group lowered 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.

Flowers Foods Trading Down 0.4%

The business's 50-day moving average price is $16.35 and its two-hundred day moving average price is $17.91. The company has a debt-to-equity ratio of 1.26, a current ratio of 1.26 and a quick ratio of 0.89. The firm has a market cap of $3.24 billion, a price-to-earnings ratio of 14.24 and a beta of 0.33.

Flowers Foods (NYSE:FLO - Get Free Report) last released its quarterly earnings data on Friday, May 16th. The company reported $0.35 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.38 by ($0.03). The business had revenue of $1.55 billion for the quarter, compared to analysts' expectations of $1.60 billion. Flowers Foods had a return on equity of 18.91% and a net margin of 4.49%. Flowers Foods's quarterly revenue was down 1.4% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.38 earnings per share. Equities analysts expect that Flowers Foods, Inc. will post 1.18 earnings per share for the current year.

Flowers Foods Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, June 19th. Investors of record on Thursday, June 5th were given a $0.2475 dividend. This represents a $0.99 dividend on an annualized basis and a yield of 6.44%. The ex-dividend date was Thursday, June 5th. This is a positive change from Flowers Foods's previous quarterly dividend of $0.24. Flowers Foods's dividend payout ratio is currently 91.67%.

Insider Activity at Flowers Foods

In related news, Director William Jameson Mcfadden acquired 3,000 shares of the stock in a transaction dated Tuesday, May 27th. The shares were acquired at an average price of $16.92 per share, for a total transaction of $50,760.00. Following the completion of the purchase, the director owned 532,476 shares in the company, valued at approximately $9,009,493.92. The trade was a 0.57% increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Thomas Caldecot Chubb III acquired 3,000 shares of the stock in a transaction dated Tuesday, May 27th. The stock was bought at an average price of $16.88 per share, for a total transaction of $50,640.00. Following the purchase, the director owned 45,861 shares of the company's stock, valued at $774,133.68. The trade was a 7.00% increase in their position. The disclosure for this purchase can be found here. Insiders purchased 12,000 shares of company stock worth $202,440 in the last 90 days. Corporate insiders own 11.57% of the company's stock.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the stock. Proficio Capital Partners LLC bought a new stake in Flowers Foods in the 4th quarter valued at approximately $330,000. HighTower Advisors LLC lifted its holdings in shares of Flowers Foods by 103.5% during the fourth quarter. HighTower Advisors LLC now owns 56,833 shares of the company's stock worth $1,174,000 after buying an additional 28,911 shares in the last quarter. Corient Private Wealth LLC bought a new stake in shares of Flowers Foods during the 4th quarter worth $677,000. Xponance Inc. raised its position in Flowers Foods by 6.0% in the fourth quarter. Xponance Inc. now owns 22,023 shares of the company's stock valued at $455,000 after purchasing an additional 1,249 shares during the last quarter. Finally, Teacher Retirement System of Texas raised its position in Flowers Foods by 98.8% in the fourth quarter. Teacher Retirement System of Texas now owns 174,056 shares of the company's stock valued at $3,596,000 after purchasing an additional 86,510 shares during the last quarter. Institutional investors own 75.45% of the company's stock.

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.

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