Flowers Foods (NYSE:FLO) Price Target Raised to $25.00 at DA Davidson

Flowers Foods (NYSE:FLO - Free Report) had its price target raised by DA Davidson from $24.00 to $25.00 in a report issued on Friday, Benzinga reports. The firm currently has a neutral rating on the stock.

A number of other brokerages have also weighed in on FLO. StockNews.com upgraded shares of Flowers Foods from a hold rating to a buy rating in a report on Tuesday, April 9th. Deutsche Bank Aktiengesellschaft raised their target price on shares of Flowers Foods from $22.00 to $23.00 and gave the stock a hold rating in a research report on Thursday, May 9th. Four analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. According to MarketBeat, the stock has an average rating of Hold and a consensus price target of $24.00.

Flowers Foods Trading Down 4.1 %

Shares of NYSE:FLO traded down $1.05 during trading hours on Friday, hitting $24.44. 2,875,148 shares of the company's stock traded hands, compared to its average volume of 1,235,399. The firm has a market capitalization of $5.16 billion, a P/E ratio of 42.14, a price-to-earnings-growth ratio of 4.17 and a beta of 0.37. The business has a fifty day moving average price of $23.91 and a 200-day moving average price of $22.82. Flowers Foods has a 1 year low of $19.64 and a 1 year high of $28.85. The company has a debt-to-equity ratio of 0.78, a current ratio of 1.04 and a quick ratio of 0.76.

Flowers Foods (NYSE:FLO - Get Free Report) last posted its quarterly earnings data on Thursday, May 16th. The company reported $0.38 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.40 by ($0.02). Flowers Foods had a net margin of 2.42% and a return on equity of 18.15%. The business had revenue of $1.58 billion for the quarter, compared to analysts' expectations of $1.58 billion. During the same quarter in the previous year, the firm earned $0.38 EPS. Flowers Foods's revenue was up 2.8% compared to the same quarter last year. Equities analysts expect that Flowers Foods will post 1.25 earnings per share for the current year.

Insider Buying and Selling

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

Hedge Funds Weigh In On Flowers Foods

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Rise Advisors LLC purchased a new position in shares of Flowers Foods during the first quarter worth $26,000. Lindbrook Capital LLC lifted its holdings 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 during the period. Financial Connections Group Inc. purchased a new stake in shares of Flowers Foods in the fourth quarter worth about $30,000. HM Payson & Co. purchased a new stake in shares of Flowers Foods in the third quarter worth about $30,000. Finally, NBC Securities Inc. acquired a new stake in Flowers Foods during the third quarter worth about $32,000. Hedge funds and other 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.