ValuEngine downgraded shares of Flowers Foods (NYSE:FLO) from a buy rating to a hold rating in a research note released on Friday.
FLO has been the topic of several other research reports. Zacks Investment Research upgraded Flowers Foods from a sell rating to a hold rating in a report on Monday, January 14th. Pivotal Research cut Flowers Foods from a buy rating to a sell rating and decreased their price objective for the stock from $24.00 to $16.00 in a report on Thursday, November 8th. Finally, Deutsche Bank set a $18.00 price objective on Flowers Foods and gave the stock a hold rating in a report on Monday, November 12th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and two have issued a buy rating to the company’s stock. Flowers Foods has a consensus rating of Hold and a consensus price target of $20.57.
Flowers Foods stock opened at $20.15 on Friday. Flowers Foods has a fifty-two week low of $17.78 and a fifty-two week high of $22.82. The company has a quick ratio of 1.12, a current ratio of 1.33 and a debt-to-equity ratio of 0.80. The firm has a market cap of $4.18 billion, a price-to-earnings ratio of 21.44 and a beta of 0.46.
Hedge funds have recently bought and sold shares of the company. State of Alaska Department of Revenue boosted its holdings in Flowers Foods by 110.9% in the fourth quarter. State of Alaska Department of Revenue now owns 89,000 shares of the company’s stock valued at $1,642,000 after acquiring an additional 46,805 shares during the last quarter. Retirement Systems of Alabama boosted its holdings in Flowers Foods by 0.3% in the fourth quarter. Retirement Systems of Alabama now owns 237,890 shares of the company’s stock valued at $4,394,000 after acquiring an additional 792 shares during the last quarter. Northern Trust Corp boosted its holdings in Flowers Foods by 4.1% in the second quarter. Northern Trust Corp now owns 1,694,209 shares of the company’s stock valued at $35,289,000 after acquiring an additional 66,956 shares during the last quarter. Assenagon Asset Management S.A. acquired a new position in Flowers Foods in the fourth quarter valued at $2,305,000. Finally, Paloma Partners Management Co boosted its holdings in Flowers Foods by 159.6% in the third quarter. Paloma Partners Management Co now owns 28,408 shares of the company’s stock valued at $530,000 after acquiring an additional 17,466 shares during the last quarter. Institutional investors and hedge funds own 67.31% of the company’s stock.
Flowers Foods Company Profile
Flowers Foods, Inc produces and markets bakery products in the United States. It operates through two segments, Direct-Store-Delivery (DSD) and Warehouse Delivery. The DSD segment produces and markets fresh breads, buns, rolls, tortillas, and snack cakes. This segment offers its products primarily under the Nature's Own, Wonder, Cobblestone Bread Company, Tastykake, and Dave's Killer Bread brand names.
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