DA Davidson Cuts Flowers Foods (NYSE:FLO) Price Target to $21.00

Flowers Foods (NYSE:FLO) had its price objective decreased by DA Davidson from $24.00 to $21.00 in a report published on Monday morning,Benzinga reports. DA Davidson currently has a neutral rating on the stock.

Other analysts also recently issued research reports about the stock. Truist Financial dropped their target price on shares of Flowers Foods from $23.00 to $20.00 and set a “hold” rating for the company in a 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 equities research analyst has rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the company’s stock. Based on data from MarketBeat.com, Flowers Foods presently has a consensus rating of “Hold” and an average target price of $21.00.

Flowers Foods Stock Down 1.6 %

Flowers Foods stock opened at $18.43 on Monday. Flowers Foods has a fifty-two week low of $18.36 and a fifty-two week high of $26.12. The company has a debt-to-equity ratio of 0.75, a quick ratio of 0.95 and a current ratio of 1.24. The firm has a 50 day moving average price of $20.20 and a 200 day moving average price of $21.81. The company has a market capitalization of $3.88 billion, a PE ratio of 16.17, a price-to-earnings-growth ratio of 3.74 and a beta of 0.38.

Flowers Foods (NYSE:FLO) last posted its earnings results on Friday, February 7th. The company reported $0.22 earnings per share for the quarter, beating the consensus estimate of $0.21 by $0.01. Flowers Foods had a net margin of 4.70% and a return on equity of 19.41%. During the same period in the prior year, the firm posted $0.20 earnings per share. Research analysts expect that Flowers Foods will post 1.27 earnings per share for the current year.

Flowers Foods Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, December 13th. Shareholders of record on Friday, November 29th were paid a $0.24 dividend. The ex-dividend date was Friday, November 29th. This represents a $0.96 annualized dividend and a dividend yield of 5.21%. Flowers Foods’s dividend payout ratio (DPR) is 84.21%.

Hedge Funds Weigh In On Flowers Foods

Institutional investors have recently modified their holdings of the business. Blue Trust Inc. grew its stake in shares of Flowers Foods by 18,254.5% in the third quarter. Blue Trust Inc. now owns 2,019 shares of the company’s stock worth $45,000 after acquiring an additional 2,008 shares in the last quarter. Capital Performance Advisors LLP purchased a new stake in shares of Flowers Foods during the 3rd quarter worth $52,000. Brooklyn Investment Group lifted its position in shares of Flowers Foods by 171.8% during the 4th quarter. Brooklyn Investment Group now owns 2,623 shares of the company’s stock worth $54,000 after purchasing an additional 1,658 shares during the last quarter. Quent Capital LLC lifted its position in shares of Flowers Foods by 104.2% during the 4th quarter. Quent Capital LLC now owns 3,049 shares of the company’s stock worth $63,000 after purchasing an additional 1,556 shares during the last quarter. Finally, EverSource Wealth Advisors LLC lifted its position 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 worth $68,000 after purchasing an additional 1,323 shares during the last quarter. Institutional investors and hedge funds own 75.45% of the company’s stock.

Flowers Foods Company Profile

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.