Quantinno Capital Management LP Boosts Stock Holdings in Flowers Foods, Inc. (NYSE:FLO)

Quantinno Capital Management LP boosted its stake in shares of Flowers Foods, Inc. (NYSE:FLO - Free Report) by 19.4% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 285,005 shares of the company's stock after acquiring an additional 46,341 shares during the period. Quantinno Capital Management LP owned 0.14% of Flowers Foods worth $5,888,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the stock. Canada Pension Plan Investment Board purchased a new position in shares of Flowers Foods in the 4th quarter worth $29,000. Brooklyn Investment Group grew its stake in shares of Flowers Foods by 171.8% in the 4th quarter. Brooklyn Investment Group now owns 2,623 shares of the company's stock worth $54,000 after buying an additional 1,658 shares in the last quarter. Blue Trust Inc. grew its stake in shares of Flowers Foods by 34.4% in the 4th quarter. Blue Trust Inc. now owns 2,713 shares of the company's stock worth $56,000 after buying an additional 694 shares in the last quarter. GeoWealth Management LLC purchased a new position in shares of Flowers Foods in the 4th quarter worth $60,000. Finally, Quent Capital LLC grew its stake in shares of Flowers Foods by 104.2% in the 4th quarter. Quent Capital LLC now owns 3,049 shares of the company's stock worth $63,000 after buying an additional 1,556 shares in the last quarter. 75.45% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

FLO has been the subject of a number of recent research reports. Jefferies Financial Group dropped their price objective on shares of Flowers Foods from $20.00 to $16.00 and set a "hold" rating for the company in a research note on Friday. Truist Financial dropped their price objective on shares of Flowers Foods from $23.00 to $20.00 and set a "hold" rating for the company in a research note on Monday, February 10th. Finally, DA Davidson dropped their price objective on shares of Flowers Foods from $24.00 to $21.00 and set a "neutral" rating for the company in a research note on Monday, February 10th. One analyst has rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat, Flowers Foods presently has an average rating of "Hold" and a consensus price target of $19.25.

Flowers Foods Price Performance

Flowers Foods stock opened at $17.29 on Friday. The firm has a 50-day moving average price of $18.10 and a 200-day moving average price of $19.64. The firm has a market capitalization of $3.65 billion, a PE ratio of 14.77, a price-to-earnings-growth ratio of 8.72 and a beta of 0.37. The company has a current ratio of 1.20, a quick ratio of 0.95 and a debt-to-equity ratio of 0.72. Flowers Foods, Inc. has a 12-month low of $16.43 and a 12-month high of $25.65.

Flowers Foods (NYSE:FLO - Get Free Report) last released its earnings results 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 firm had revenue of $1.55 billion during the quarter, compared to the consensus estimate of $1.60 billion. Flowers Foods had a return on equity of 19.48% and a net margin of 4.86%. Flowers Foods's revenue was down 1.4% compared to the same quarter last year. During the same quarter last year, the business posted $0.38 EPS. As a group, equities research analysts forecast that Flowers Foods, Inc. will post 1.18 EPS for the current year.

About Flowers Foods

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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