Flowers Foods (NYSE:FLO) Rating Increased to Strong-Buy at StockNews.com

by · The Cerbat Gem

Flowers Foods (NYSE:FLO – Get Free Report) was upgraded by stock analysts at StockNews.com from a “buy” rating to a “strong-buy” rating in a research note issued on Monday.

Flowers Foods Trading Up 0.7 %

Shares of NYSE:FLO traded up $0.14 on Monday, reaching $21.58. 1,589,945 shares of the company traded hands, compared to its average volume of 1,169,338. The business’s 50-day simple moving average is $22.81 and its 200 day simple moving average is $22.98. Flowers Foods has a 52 week low of $20.50 and a 52 week high of $26.12. The stock has a market capitalization of $4.54 billion, a P/E ratio of 18.93, a price-to-earnings-growth ratio of 4.16 and a beta of 0.36. The company has a current ratio of 1.19, a quick ratio of 0.91 and a debt-to-equity ratio of 0.77.

Flowers Foods (NYSE:FLO – Get Free Report) last announced its quarterly earnings data on Friday, November 8th. The company reported $0.33 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.30 by $0.03. Flowers Foods had a return on equity of 18.97% and a net margin of 2.51%. The firm had revenue of $1.19 billion for the quarter, compared to analysts’ expectations of $1.20 billion. During the same period last year, the firm earned $0.29 earnings per share. The company’s revenue for the quarter was down .7% compared to the same quarter last year. As a group, equities analysts anticipate that Flowers Foods will post 1.25 EPS for the current fiscal year.

Institutional Trading of Flowers Foods

Several large investors have recently modified their holdings of the business. Signaturefd LLC lifted its holdings in Flowers Foods by 2.0% in the second quarter. Signaturefd LLC now owns 23,779 shares of the company’s stock worth $528,000 after buying an additional 466 shares during the period. Taylor Frigon Capital Management LLC lifted its holdings in Flowers Foods by 1.0% in the second quarter. Taylor Frigon Capital Management LLC now owns 52,779 shares of the company’s stock worth $1,172,000 after buying an additional 500 shares during the period. Commonwealth Equity Services LLC lifted its holdings in Flowers Foods by 2.9% in the second quarter. Commonwealth Equity Services LLC now owns 21,728 shares of the company’s stock worth $482,000 after buying an additional 603 shares during the period. Arcadia Investment Management Corp MI lifted its holdings in Flowers Foods by 1.4% in the second quarter. Arcadia Investment Management Corp MI now owns 45,165 shares of the company’s stock worth $1,003,000 after buying an additional 625 shares during the period. Finally, Inspire Investing LLC lifted its holdings in Flowers Foods by 5.6% in the second quarter. Inspire Investing LLC now owns 15,924 shares of the company’s stock worth $354,000 after buying an additional 842 shares during the period. 75.45% of the stock is owned by institutional investors.

Flowers Foods Company Profile

(Get Free Report)

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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