Flowers Foods (NYSE:FLO) Given New $21.00 Price Target at DA Davidson

Flowers Foods (NYSE:FLO) had its target price lowered by DA Davidson from $24.00 to $21.00 in a report released on Monday,Benzinga reports. The firm currently has a neutral rating on the stock.

Several other equities research analysts have also commented on FLO. Truist Financial decreased their price objective on shares of Flowers Foods from $23.00 to $20.00 and set a “hold” rating on the stock in a research report on Monday. StockNews.com downgraded shares of Flowers Foods from a “strong-buy” rating to a “buy” rating in a report on Friday, December 20th. One research analyst has rated the stock with a sell rating, three have given a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and an average target price of $21.00.

Flowers Foods Price Performance

Shares of NYSE FLO opened at $18.47 on Monday. The company has a debt-to-equity ratio of 0.75, a quick ratio of 0.95 and a current ratio of 1.24. Flowers Foods has a one year low of $18.40 and a one year high of $26.12. The firm has a market capitalization of $3.89 billion, a P/E ratio of 16.20, a PEG ratio of 3.74 and a beta of 0.38. The company’s fifty day moving average is $20.36 and its two-hundred day moving average is $21.87.

Flowers Foods (NYSE:FLO) last announced its quarterly earnings results on Friday, February 7th. The company reported $0.22 EPS for the quarter, topping the consensus estimate of $0.21 by $0.01. Flowers Foods had a return on equity of 19.41% and a net margin of 4.70%. During the same quarter last year, the business posted $0.20 EPS. Analysts forecast that Flowers Foods will post 1.27 EPS for the current fiscal year.

Flowers Foods Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 13th. Stockholders of record on Friday, November 29th were given a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a dividend yield of 5.20%. The ex-dividend date was Friday, November 29th. Flowers Foods’s dividend payout ratio is presently 84.21%.

Institutional Trading of Flowers Foods

Hedge funds have recently bought and sold shares of the company. Blue Trust Inc. lifted its stake in shares of Flowers Foods by 18,254.5% during the 3rd quarter. Blue Trust Inc. now owns 2,019 shares of the company’s stock worth $45,000 after purchasing an additional 2,008 shares during the period. Capital Performance Advisors LLP purchased a new position in Flowers Foods during the third quarter worth about $52,000. Brooklyn Investment Group boosted its stake in 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 during the last quarter. Quent Capital LLC grew its holdings in Flowers Foods by 104.2% in the 4th quarter. Quent Capital LLC now owns 3,049 shares of the company’s stock valued at $63,000 after buying an additional 1,556 shares during the period. Finally, EverSource Wealth Advisors LLC increased its stake in shares of Flowers Foods by 67.7% during the 4th quarter. EverSource Wealth Advisors LLC now owns 3,276 shares of the company’s stock valued at $68,000 after acquiring an additional 1,323 shares during the last quarter. 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.