Flowers Foods, Inc. (NYSE:FLO) – Investment analysts at Jefferies Group upped their Q4 2018 earnings per share estimates for shares of Flowers Foods in a research note issued on Wednesday, according to Zacks Investment Research. Jefferies Group analyst A. Jagdale now anticipates that the company will post earnings per share of $0.20 for the quarter, up from their previous estimate of $0.17.
FLO has been the subject of several other research reports. Zacks Investment Research raised shares of Flowers Foods from a “hold” rating to a “buy” rating and set a $21.00 price target for the company in a research report on Monday, November 13th. BMO Capital Markets raised their price target on shares of Flowers Foods from $19.00 to $20.00 and gave the company a “market perform” rating in a research report on Wednesday, November 15th. Pivotal Research reissued a “buy” rating and issued a $26.00 price target (up previously from $23.00) on shares of Flowers Foods in a research report on Friday, January 12th. Stephens reissued a “hold” rating and issued a $20.00 price target on shares of Flowers Foods in a research report on Friday, February 9th. Finally, TheStreet raised shares of Flowers Foods from a “c+” rating to a “b” rating in a research report on Wednesday, February 7th. Four analysts have rated the stock with a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the stock. Flowers Foods presently has a consensus rating of “Buy” and a consensus price target of $21.33.
Shares of Flowers Foods (FLO) traded down $0.31 during mid-day trading on Friday, reaching $21.13. 1,475,507 shares of the company’s stock traded hands, compared to its average volume of 1,324,104. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.29 and a quick ratio of 1.01. Flowers Foods has a 52 week low of $16.80 and a 52 week high of $21.49. The stock has a market cap of $4,430.00, a PE ratio of 44.02, a PEG ratio of 3.28 and a beta of 0.81.
Flowers Foods (NYSE:FLO) last posted its earnings results on Wednesday, February 7th. The company reported $0.17 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.14 by $0.03. Flowers Foods had a net margin of 3.83% and a return on equity of 15.17%. The firm had revenue of $873.60 million during the quarter, compared to the consensus estimate of $860.34 million. During the same quarter last year, the firm earned $0.16 EPS. The firm’s revenue for the quarter was up .6% on a year-over-year basis.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 16th. Stockholders of record on Friday, March 2nd will be given a dividend of $0.17 per share. The ex-dividend date is Thursday, March 1st. This represents a $0.68 annualized dividend and a dividend yield of 3.22%. Flowers Foods’s dividend payout ratio (DPR) is currently 141.67%.
Several institutional investors have recently added to or reduced their stakes in the company. Xact Kapitalforvaltning AB purchased a new stake in shares of Flowers Foods during the 4th quarter worth $342,000. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp purchased a new stake in shares of Flowers Foods during the 4th quarter worth $359,000. MetLife Investment Advisors LLC purchased a new stake in shares of Flowers Foods during the 4th quarter worth $2,254,000. Gotham Asset Management LLC lifted its position in shares of Flowers Foods by 262.3% during the 4th quarter. Gotham Asset Management LLC now owns 544,437 shares of the company’s stock worth $10,513,000 after purchasing an additional 394,167 shares during the last quarter. Finally, Vident Investment Advisory LLC lifted its position in shares of Flowers Foods by 101.4% during the 4th quarter. Vident Investment Advisory LLC now owns 39,323 shares of the company’s stock worth $759,000 after purchasing an additional 19,794 shares during the last quarter. 63.05% of the stock is owned by institutional investors and hedge funds.
About Flowers Foods
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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