Jefferies Financial Group Lowers Flowers Foods (NYSE:FLO) Price Target to $16.00

Flowers Foods (NYSE:FLO) had its target price decreased by research analysts at Jefferies Financial Group from $20.00 to $16.00 in a research report issued on Friday,Benzinga reports. The firm currently has a “hold” rating on the stock. Jefferies Financial Group’s target price would indicate a potential downside of 7.43% from the stock’s current price.

A number of other research firms have also commented on FLO. Truist Financial dropped their price objective on Flowers Foods from $23.00 to $20.00 and set a “hold” rating on the stock in a research note on Monday, February 10th. DA Davidson dropped their price objective on Flowers Foods from $24.00 to $21.00 and set a “neutral” rating on the stock in a research note on Monday, February 10th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the company’s stock. According to MarketBeat, Flowers Foods presently has an average rating of “Hold” and a consensus price target of $19.25.

Flowers Foods Price Performance

NYSE FLO opened at $17.29 on Friday. Flowers Foods has a fifty-two week low of $16.43 and a fifty-two week high of $24.81. The stock’s 50-day moving average is $18.10 and its two-hundred day moving average is $19.62. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.20 and a quick ratio of 0.95. The firm has a market cap of $3.65 billion, a P/E ratio of 14.77, a price-to-earnings-growth ratio of 8.72 and a beta of 0.37.

Flowers Foods (NYSE:FLO) last posted its earnings results on Friday, May 16th. The company reported $0.35 earnings per share for the quarter, missing the consensus estimate of $0.38 by ($0.03). The company had revenue of $1.55 billion for the quarter, compared to the consensus estimate of $1.60 billion. Flowers Foods had a net margin of 4.86% and a return on equity of 19.48%. Flowers Foods’s quarterly revenue was down 1.4% on a year-over-year basis. During the same quarter last year, the business earned $0.38 earnings per share. On average, analysts anticipate that Flowers Foods will post 1.18 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Flowers Foods

A number of institutional investors have recently added to or reduced their stakes in FLO. Canada Pension Plan Investment Board acquired a new stake in Flowers Foods during the fourth quarter worth about $29,000. Point72 Asia Singapore Pte. Ltd. acquired a new stake in Flowers Foods during the fourth quarter worth about $30,000. MassMutual Private Wealth & Trust FSB grew its position in Flowers Foods by 617.3% during the first quarter. MassMutual Private Wealth & Trust FSB now owns 1,700 shares of the company’s stock worth $32,000 after buying an additional 1,463 shares in the last quarter. UMB Bank n.a. grew its position in Flowers Foods by 2,191.6% during the first quarter. UMB Bank n.a. now owns 2,177 shares of the company’s stock worth $41,000 after buying an additional 2,082 shares in the last quarter. Finally, Allworth Financial LP grew its position in Flowers Foods by 904.8% during the first quarter. Allworth Financial LP now owns 2,502 shares of the company’s stock worth $45,000 after buying an additional 2,253 shares in the last quarter. 75.45% of the stock is owned by institutional investors and hedge funds.

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.