Flowers Foods (NYSE:FLO) Price Target Cut to $15.00 by Analysts at Truist Financial

Key Points

• Truist Financial has lowered its price target for Flowers Foods (NYSE:FLO) from $20.00 to $15.00, maintaining a "hold" rating, which indicates a potential downside of 4.79% from the company's previous close.
• Other analysts, including Wall Street Zen and Jefferies Financial Group, have also downgraded their ratings and target prices for Flowers Foods, reflecting a cautious outlook on the stock.
• Despite recent target cuts, Flowers Foods stock rose 0.4% during trading, reaching $15.76, while having a market capitalization of $3.33 billion.

Flowers Foods (NYSE:FLO - Free Report) had its target price lowered by Truist Financial from $20.00 to $15.00 in a research report sent to investors on Monday,Benzinga reports. The brokerage currently has a hold rating on the stock.

Several other brokerages have also issued reports on FLO. Jefferies Financial Group dropped their price objective on Flowers Foods from $20.00 to $16.00 and set a "hold" rating on the stock in a report on Friday, May 16th. Wall Street Zen lowered Flowers Foods from a "buy" rating to a "hold" rating in a report on Monday, May 19th. Three research analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, Flowers Foods has a consensus rating of "Hold" and a consensus target price of $15.33.

Flowers Foods Stock Up 2.2%

NYSE:FLO traded up $0.3450 during trading hours on Monday, hitting $15.8350. The company's stock had a trading volume of 3,895,760 shares, compared to its average volume of 2,668,568. The stock has a market capitalization of $3.34 billion, a P/E ratio of 15.23 and a beta of 0.32. The stock has a fifty day moving average of $15.98 and a 200-day moving average of $17.31. 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 has a 52-week low of $15.27 and a 52-week high of $23.87.

Flowers Foods (NYSE:FLO - Get Free Report) last posted its earnings results on Friday, August 15th. The company reported $0.30 EPS for the quarter, beating the consensus estimate of $0.29 by $0.01. 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%.Flowers Foods's revenue for the quarter was up 1.5% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.36 earnings per share. Flowers Foods has set its FY 2025 guidance at 1.000-1.10 EPS. On average, equities analysts forecast that Flowers Foods will post 1.18 earnings per share for the current year.

Flowers Foods Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 19th. Stockholders of record on Friday, September 5th will be paid a dividend of $0.2475 per share. This represents a $0.99 annualized dividend and a dividend yield of 6.3%. Flowers Foods's dividend payout ratio (DPR) is 95.19%.

Insider Transactions at Flowers Foods

In other news, Director Thomas Caldecot Chubb III acquired 3,000 shares of Flowers Foods stock in a transaction that occurred on Tuesday, May 27th. The stock was purchased at an average price of $16.88 per share, for a total transaction of $50,640.00. Following the completion of the transaction, 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 ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director George E. Deese acquired 6,000 shares of Flowers Foods stock in a transaction that occurred on Tuesday, May 27th. The stock was purchased at an average price of $16.84 per share, with a total value of $101,040.00. Following the transaction, the director owned 2,004,990 shares of the company's stock, valued at $33,764,031.60. This trade represents a 0.30% increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last quarter, insiders acquired 12,000 shares of company stock worth $202,440. Company insiders own 11.57% of the company's stock.

Institutional Investors Weigh In On Flowers Foods

A number of hedge funds have recently added to or reduced their stakes in FLO. Elevation Point Wealth Partners LLC acquired a new stake in Flowers Foods in the second quarter valued at about $28,000. Canada Pension Plan Investment Board acquired a new stake in Flowers Foods in the fourth quarter valued at about $29,000. Point72 Asia Singapore Pte. Ltd. acquired a new stake in shares of Flowers Foods during the 4th quarter valued at approximately $30,000. Private Trust Co. NA lifted its position in shares of Flowers Foods by 103.8% during the 2nd quarter. Private Trust Co. NA now owns 1,932 shares of the company's stock valued at $31,000 after acquiring an additional 984 shares during the period. Finally, MassMutual Private Wealth & Trust FSB lifted its position in shares of Flowers Foods by 617.3% during the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 1,700 shares of the company's stock valued at $32,000 after acquiring an additional 1,463 shares during the period. Institutional investors and hedge funds own 75.45% of the company's stock.

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.