Flowers Foods (FLO) Stock Forecast, Price & News

2 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Flowers Foods in the last year. There are currently 2 hold ratings 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.

2 brokerages have issued twelve-month price objectives for Flowers Foods' stock. Their FLO share price forecasts range from $24.00 to $25.00. On average, they anticipate the company's stock price to reach $24.50 in the next twelve months. This suggests a possible upside of 12.9% from the stock's current price.
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 shares have decreased by 24.5% and is now trading at $21.71.
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Flowers Foods saw a decrease in short interest during the month of September. As of September 15th, there was short interest totaling 4,000,000 shares, a decrease of 10.7% from the August 31st total of 4,480,000 shares. Based on an average daily trading volume, of 1,730,000 shares, the days-to-cover ratio is currently 2.3 days. Approximately 2.1% of the shares of the stock are short sold.
View Flowers Foods' Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Thursday, November 9th 2023.
View our FLO earnings forecast.

Flowers Foods, Inc. (NYSE:FLO) issued its earnings results on Thursday, August, 10th. The company reported $0.33 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.28 by $0.05. The company earned $1.23 billion during the quarter, compared to analyst estimates of $1.20 billion. Flowers Foods had a trailing twelve-month return on equity of 18.28% and a net margin of 4.47%. The firm's revenue for the quarter was up 8.8% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.31 EPS.

Flowers Foods declared a quarterly dividend on Friday, August 18th. Stockholders of record on Friday, September 1st will be paid a dividend of $0.23 per share on Friday, September 15th. This represents a $0.92 annualized dividend and a yield of 4.24%. The ex-dividend date of this dividend is Thursday, August 31st.
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), Victoryshares Dividend Accelerator ETF (VSDA), First Trust Consumer Staples AlphaDEX Fund (FXG), ProShares S&P MidCap 400 Dividend Aristocrats ETF (REGL), Trajan Wealth Income Opportunities ETF (TWIO), Xtrackers S&P ESG Dividend Aristocrats ETF (SNPD), First Trust Nasdaq Food & Beverage ETF (FTXG) and iShares MSCI USA Small-Cap Min Vol Factor ETF (SMMV).

Flowers Foods (NYSE:FLO) pays an annual dividend of $0.92 per share and currently has a dividend yield of 4.15%. FLO has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. 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 87.62%. 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 70.77% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for FLO.

Flowers Foods issued an update on its FY 2023 earnings guidance on Thursday, August, 10th. The company provided earnings per share (EPS) guidance of $1.18-$1.25 for the period, compared to the consensus EPS estimate of $1.19. The company issued revenue guidance of $5.09 billion-$5.14 billion, compared to the consensus revenue estimate of $5.11 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 a variety of institutional and retail investors. Top institutional investors include Murphy Middleton Hinkle & Parker Inc. (0.03%). Insiders that own company stock include H Mark Courtney, 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 $21.71.

Flowers Foods (NYSE:FLO) has a market capitalization of $4.59 billion and generates $4.81 billion in revenue each year. The company earns $228.39 million in net income (profit) each year or $1.05 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.