Quent Capital LLC Purchases 1,556 Shares of Flowers Foods, Inc. (NYSE:FLO)

Quent Capital LLC grew its position in shares of Flowers Foods, Inc. (NYSE:FLO) by 104.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 3,049 shares of the company’s stock after buying an additional 1,556 shares during the period. Quent Capital LLC’s holdings in Flowers Foods were worth $63,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of FLO. Blue Trust Inc. raised its position 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 valued at $45,000 after buying an additional 2,008 shares in the last quarter. Capital Performance Advisors LLP acquired a new position in Flowers Foods in the 3rd quarter valued at $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 valued at $54,000 after acquiring an additional 1,658 shares during the period. Quest Partners LLC grew its holdings in shares of Flowers Foods by 329,400.0% during the 3rd quarter. Quest Partners LLC now owns 3,295 shares of the company’s stock worth $76,000 after purchasing an additional 3,294 shares in the last quarter. Finally, Venturi Wealth Management LLC increased its position in shares of Flowers Foods by 84.5% in the third quarter. Venturi Wealth Management LLC now owns 4,455 shares of the company’s stock worth $103,000 after purchasing an additional 2,041 shares during the period. Institutional investors and hedge funds own 75.45% of the company’s stock.

Flowers Foods Stock Up 2.0 %

Shares of NYSE FLO opened at $18.79 on Friday. The stock has a 50-day moving average price of $20.12 and a two-hundred day moving average price of $21.79. Flowers Foods, Inc. has a 12 month low of $18.34 and a 12 month high of $26.12. The company has a current ratio of 1.24, a quick ratio of 0.95 and a debt-to-equity ratio of 0.75. The company has a market cap of $3.96 billion, a price-to-earnings ratio of 16.48, a PEG ratio of 3.74 and a beta of 0.38.

Flowers Foods (NYSE:FLO) last issued its quarterly earnings data on Friday, February 7th. The company reported $0.22 EPS 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 business posted $0.20 earnings per share. As a group, analysts forecast that Flowers Foods, Inc. will post 1.27 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on the stock. StockNews.com downgraded shares of Flowers Foods from a “strong-buy” rating to a “buy” rating in a research note on Friday, December 20th. Truist Financial cut their price target on shares of Flowers Foods from $23.00 to $20.00 and set a “hold” rating for the company in a report on Monday. Finally, DA Davidson lowered their price objective on shares of Flowers Foods from $24.00 to $21.00 and set a “neutral” rating for the company in a research report on Monday. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $21.00.

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.