Flowers Foods (FLO) Stock Forecast, Price & News

1 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Flowers Foods in the last year. There are currently 1 hold rating for the stock. The consensus among Wall Street research analysts is that investors should "hold" FLO shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in FLO, but not buy additional shares or sell existing shares.
View FLO analyst ratings or view top-rated stocks.

1 equities research analysts have issued 12-month price objectives for Flowers Foods' stock. Their FLO share price forecasts range from $24.00 to $24.00. On average, they expect the company's stock price to reach $24.00 in the next twelve months. This suggests that the stock has a possible downside of 4.5%.
View analysts price targets for FLO or view top-rated stocks among Wall Street analysts.

Flowers Foods' stock was trading at $28.74 at the beginning of the year. Since then, FLO stock has decreased by 12.6% and is now trading at $25.13.
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Flowers Foods saw a decrease in short interest during the month of May. As of May 15th, there was short interest totaling 5,210,000 shares, a decrease of 32.5% from the April 30th total of 7,720,000 shares. Based on an average trading volume of 1,820,000 shares, the short-interest ratio is presently 2.9 days. Approximately 2.7% of the shares of the company are sold short.
View Flowers Foods' Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Thursday, August 10th 2023.
View our FLO earnings forecast.

Flowers Foods, Inc. (NYSE:FLO) issued its earnings results on Friday, May, 19th. The company reported $0.38 earnings per share for the quarter, beating the consensus estimate of $0.36 by $0.02. The business had revenue of $1.53 billion for the quarter, compared to analyst estimates of $1.55 billion. Flowers Foods had a net margin of 4.35% and a trailing twelve-month return on equity of 17.95%. The business's quarterly revenue was up 6.9% compared to the same quarter last year. During the same quarter last year, the firm earned $0.44 earnings per share.

Flowers Foods announced a quarterly dividend on Thursday, May 25th. Investors of record on Thursday, June 8th will be given a dividend of $0.23 per share on Thursday, June 22nd. This represents a $0.92 annualized dividend and a dividend yield of 3.66%. The ex-dividend date is Wednesday, June 7th. This is a positive change from the stock's previous quarterly dividend of $0.22.
Read our dividend analysis for FLO.

ETFs with the largest weight of Flowers Foods (NYSE:FLO) stock in their portfolio include Timothy Plan Market Neutral ETF (TPMN), ProShares S&P MidCap 400 Dividend Aristocrats ETF (REGL), Xtrackers S&P ESG Dividend Aristocrats ETF (SNPD), Trajan Wealth Income Opportunities ETF (TWIO), Invesco S&P MidCap Low Volatility ETF (XMLV), First Trust Nasdaq Food & Beverage ETF (FTXG), iShares MSCI USA Small-Cap Min Vol Factor ETF (SMMV) and ALPS O'Shares U.S. Small-Cap Quality Dividend ETF (OUSM).

Flowers Foods (NYSE:FLO) pays an annual dividend of $0.92 per share and currently has a dividend yield of 3.63%. The company has been increasing its dividend for 21 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 92.00%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on earnings estimates, FLO will have a dividend payout ratio of 70.23% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for FLO.

Flowers Foods updated its FY 2023 earnings guidance on Friday, May, 26th. The company provided EPS guidance of $1.15-$1.25 for the period, compared to the consensus EPS estimate of $1.25. The company issued revenue guidance of $5.09 billion-$5.14 billion, compared to the consensus revenue estimate of $5.18 billion.

18 employees have rated Flowers Foods Chief Executive Officer Ryals McMullian on Glassdoor.com. Ryals McMullian has an approval rating of 76% among the company's employees.

Based on aggregate information from My MarketBeat watchlists, some companies that other Flowers Foods investors own include JinkoSolar (JKS), Procter & Gamble (PG), Johnson & Johnson (JNJ), AT&T (T), Verizon Communications (VZ), Coca-Cola (KO), Pfizer (PFE), General Mills (GIS), Altria Group (MO) and Walmart (WMT).

Flowers Foods trades on the New York Stock Exchange (NYSE) under the ticker symbol "FLO."

Flowers Foods' stock is owned by many different institutional and retail investors. Top institutional investors include BlackRock Inc. (9.14%), State Street Corp (8.18%), Wellington Shields Capital Management LLC (6.71%), Price T Rowe Associates Inc. MD (6.64%), Renaissance Technologies LLC (2.59%) and First Trust Advisors LP (1.66%). Insiders that own company stock include Heeth Iv Varnedoe, Melvin T Stith, Ryals Mcmullian and Thomas Caldecot Chubb III.
View institutional ownership trends.

Shares of FLO stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of FLO stock can currently be purchased for approximately $25.13.

Flowers Foods (NYSE:FLO) has a market capitalization of $5.32 billion and generates $4.81 billion in revenue each year. The company earns $228.39 million in net income (profit) each year or $1.00 on an earnings per share basis.

The company employs 9,200 workers across the globe.

Flowers Foods' mailing address is 1919 FLOWERS CIRCLE, THOMASVILLE GA, 31757. The official website for the company is www.flowersfoods.com. The company can be reached via phone at (229) 226-9110 or via fax at 229-225-3816.