Deutsche Bank Aktiengesellschaft Boosts Flowers Foods (NYSE:FLO) Price Target to $23.00

Flowers Foods (NYSE:FLO - Get Free Report) had its price objective raised by stock analysts at Deutsche Bank Aktiengesellschaft from $22.00 to $23.00 in a report issued on Thursday, Benzinga reports. The firm currently has a "hold" rating on the stock. Deutsche Bank Aktiengesellschaft's price target points to a potential downside of 9.52% from the stock's previous close.

FLO has been the topic of a number of other reports. StockNews.com upgraded shares of Flowers Foods from a "hold" rating to a "buy" rating in a report on Tuesday, April 9th. DA Davidson initiated coverage on shares of Flowers Foods in a report on Friday, March 1st. They issued a "neutral" rating and a $24.00 target price on the stock. Four analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average target price of $23.75.

Flowers Foods Price Performance

Shares of NYSE:FLO traded up $0.30 during trading on Thursday, reaching $25.42. The company had a trading volume of 1,073,242 shares, compared to its average volume of 1,181,970. The firm's fifty day moving average is $23.55 and its 200 day moving average is $22.66. The firm has a market capitalization of $5.37 billion, a PE ratio of 43.83, a price-to-earnings-growth ratio of 4.71 and a beta of 0.37. Flowers Foods has a twelve month low of $19.64 and a twelve month high of $29.10. The company has a debt-to-equity ratio of 0.78, a quick ratio of 0.76 and a current ratio of 1.04.

Flowers Foods (NYSE:FLO - Get Free Report) last released its earnings results on Friday, February 9th. The company reported $0.20 EPS for the quarter, hitting analysts' consensus estimates of $0.20. Flowers Foods had a net margin of 2.42% and a return on equity of 18.15%. The business had revenue of $1.13 billion for the quarter, compared to the consensus estimate of $1.13 billion. During the same period in the previous year, the firm earned $0.23 EPS. The business's revenue for the quarter was up 4.3% on a year-over-year basis. On average, equities analysts forecast that Flowers Foods will post 1.25 EPS for the current year.

Insider Activity at Flowers Foods

In related news, Director Edward J. Jr. Casey acquired 5,000 shares of the stock in a transaction that occurred on Tuesday, April 2nd. The shares were purchased at an average cost of $23.55 per share, with a total value of $117,750.00. Following the completion of the transaction, the director now owns 20,330 shares of the company's stock, valued at approximately $478,771.50. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In other Flowers Foods news, Director Edward J. Jr. Casey bought 5,000 shares of the firm's stock in a transaction on Tuesday, April 2nd. The stock was bought at an average cost of $23.55 per share, with a total value of $117,750.00. Following the completion of the transaction, the director now directly owns 20,330 shares of the company's stock, valued at approximately $478,771.50. The purchase was disclosed in a document filed with the SEC, which is available through this link. Also, insider Terry S. Thomas sold 36,577 shares of the business's stock in a transaction that occurred on Monday, March 11th. The stock was sold at an average price of $23.11, for a total transaction of $845,294.47. Following the completion of the sale, the insider now directly owns 42,740 shares of the company's stock, valued at $987,721.40. The disclosure for this sale can be found here. 11.42% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Flowers Foods

Several large investors have recently bought and sold shares of the stock. Taylor Frigon Capital Management LLC raised its stake in shares of Flowers Foods by 0.9% in the 1st quarter. Taylor Frigon Capital Management LLC now owns 52,279 shares of the company's stock valued at $1,242,000 after buying an additional 474 shares in the last quarter. Gladius Capital Management LP raised its stake in shares of Flowers Foods by 46.4% in the 3rd quarter. Gladius Capital Management LP now owns 1,539 shares of the company's stock valued at $34,000 after buying an additional 488 shares in the last quarter. Argyle Capital Management Inc. raised its stake in shares of Flowers Foods by 0.8% in the 1st quarter. Argyle Capital Management Inc. now owns 66,018 shares of the company's stock valued at $1,568,000 after buying an additional 500 shares in the last quarter. Lindbrook Capital LLC raised its stake in shares of Flowers Foods by 80.3% in the 1st quarter. Lindbrook Capital LLC now owns 1,208 shares of the company's stock valued at $29,000 after buying an additional 538 shares in the last quarter. Finally, Van ECK Associates Corp raised its stake in shares of Flowers Foods by 5.9% in the 3rd quarter. Van ECK Associates Corp now owns 12,505 shares of the company's stock valued at $277,000 after buying an additional 696 shares in the last quarter. 75.45% of the stock is currently 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.