Bright Rock Capital Management LLC continued to hold its stake in shares of Flowers Foods, Inc. (NYSE:FLO) during the second quarter, according to its most recent filing with the SEC. The institutional investor owned 74,100 shares of the company’s stock at the end of the second quarter. Bright Rock Capital Management LLC’s holdings in Flowers Foods were worth $1,283,000 at the end of the most recent quarter.
Several other hedge funds also recently made changes to their positions in the stock. Teachers Advisors LLC boosted its stake in shares of Flowers Foods by 3.3% in the fourth quarter. Teachers Advisors LLC now owns 166,593 shares of the company’s stock valued at $3,327,000 after buying an additional 5,286 shares in the last quarter. Marshwinds Advisory Co. boosted its stake in shares of Flowers Foods by 1.1% in the first quarter. Marshwinds Advisory Co. now owns 77,082 shares of the company’s stock valued at $1,496,000 after buying an additional 870 shares in the last quarter. TNB Financial bought a new stake in shares of Flowers Foods during the first quarter valued at about $20,125,000. Parametrica Management Ltd bought a new stake in shares of Flowers Foods during the first quarter valued at about $229,000. Finally, Americafirst Capital Management LLC bought a new stake in shares of Flowers Foods during the first quarter valued at about $1,683,000. 66.64% of the stock is owned by institutional investors.
Flowers Foods, Inc. (FLO) opened at 17.53 on Thursday. The company’s 50 day moving average is $17.52 and its 200 day moving average is $18.84. The firm has a market cap of $3.67 billion, a price-to-earnings ratio of 22.22 and a beta of 0.97. Flowers Foods, Inc. has a 12-month low of $14.35 and a 12-month high of $21.00.
Flowers Foods (NYSE:FLO) last released its quarterly earnings data on Wednesday, August 9th. The company reported $0.24 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.23 by $0.01. The firm had revenue of $926.64 million for the quarter, compared to analyst estimates of $931.26 million. Flowers Foods had a net margin of 4.22% and a return on equity of 15.39%. The company’s revenue for the quarter was down .9% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.26 EPS. On average, equities analysts anticipate that Flowers Foods, Inc. will post $0.87 earnings per share for the current year.
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Several analysts have recently issued reports on FLO shares. Zacks Investment Research cut shares of Flowers Foods from a “hold” rating to a “sell” rating in a research note on Tuesday, April 18th. TheStreet raised shares of Flowers Foods from a “c+” rating to a “b-” rating in a research note on Thursday, May 18th. Jefferies Group LLC reissued a “buy” rating and set a $23.00 price objective on shares of Flowers Foods in a research note on Friday, May 26th. BidaskClub cut shares of Flowers Foods from a “buy” rating to a “hold” rating in a research note on Wednesday, June 21st. Finally, BMO Capital Markets reissued a “hold” rating and set a $19.00 price objective on shares of Flowers Foods in a research note on Thursday, July 20th. Six analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of $19.57.
Flowers Foods Company Profile
Flowers Foods, Inc is a producer and marketer of packaged bakery products. The Company operates in two segments: direct-store-delivery segment (DSD Segment) and warehouse delivery segment (Warehouse Segment). The DSD segment produces fresh breads, buns, rolls, tortillas and snack cakes sold primarily by a network of independent distributors to retail and foodservice customers in the areas of the United States: East, South, Southwest, California, and select markets in the Midwest, Pacific Northwest, Nevada, and Colorado.
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