Flowers Foods, Inc. (NYSE:FLO) – Stock analysts at Jefferies Group issued their Q1 2019 earnings estimates for Flowers Foods in a research report issued on Thursday, May 17th. Jefferies Group analyst A. Jagdale forecasts that the company will post earnings per share of $0.32 for the quarter. Jefferies Group has a “Hold” rating and a $19.00 price objective on the stock. Jefferies Group also issued estimates for Flowers Foods’ Q2 2019 earnings at $0.29 EPS, Q3 2019 earnings at $0.28 EPS, Q4 2019 earnings at $0.23 EPS, Q1 2020 earnings at $0.36 EPS, FY2020 earnings at $1.24 EPS and FY2021 earnings at $1.35 EPS.
Flowers Foods (NYSE:FLO) last issued its quarterly earnings data on Wednesday, May 16th. The company reported $0.30 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.31 by ($0.01). Flowers Foods had a net margin of 3.58% and a return on equity of 15.87%. The company had revenue of $1.21 billion during the quarter, compared to the consensus estimate of $1.20 billion. During the same period in the previous year, the business posted $0.25 earnings per share. The firm’s revenue was up 1.5% on a year-over-year basis.
A number of other brokerages also recently weighed in on FLO. Stephens reissued a “hold” rating and issued a $20.00 price objective on shares of Flowers Foods in a research note on Friday, February 9th. Zacks Investment Research downgraded Flowers Foods from a “hold” rating to a “sell” rating in a research note on Friday. Hilliard Lyons initiated coverage on Flowers Foods in a research note on Tuesday, April 3rd. They issued a “buy” rating and a $25.00 price objective on the stock. Berenberg Bank initiated coverage on Flowers Foods in a research note on Monday. They issued a “hold” rating and a $19.00 price objective on the stock. Finally, Pivotal Research cut their price objective on Flowers Foods to $26.00 and set a “buy” rating on the stock in a research note on Thursday, February 8th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating, four have given a buy rating and one has given a strong buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $22.00.
Shares of Flowers Foods opened at $19.40 on Monday, MarketBeat.com reports. The company has a current ratio of 1.43, a quick ratio of 1.13 and a debt-to-equity ratio of 0.63. Flowers Foods has a twelve month low of $16.80 and a twelve month high of $22.82. The company has a market capitalization of $4.07 billion, a P/E ratio of 21.80, a P/E/G ratio of 2.00 and a beta of 0.67.
In other Flowers Foods news, insider David M. Roach sold 10,500 shares of Flowers Foods stock in a transaction that occurred on Tuesday, March 27th. The stock was sold at an average price of $21.11, for a total value of $221,655.00. Following the transaction, the insider now directly owns 67,801 shares of the company’s stock, valued at approximately $1,431,279.11. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Insiders own 15.20% of the company’s stock.
A number of hedge funds and other institutional investors have recently modified their holdings of FLO. Nisa Investment Advisors LLC increased its position in Flowers Foods by 7.0% in the 4th quarter. Nisa Investment Advisors LLC now owns 77,367 shares of the company’s stock worth $1,494,000 after buying an additional 5,050 shares during the period. Schwab Charles Investment Management Inc. increased its position in Flowers Foods by 3.2% in the 4th quarter. Schwab Charles Investment Management Inc. now owns 1,693,851 shares of the company’s stock worth $32,709,000 after buying an additional 52,959 shares during the period. Fox Run Management L.L.C. bought a new position in Flowers Foods in the 4th quarter worth approximately $195,000. SG Americas Securities LLC increased its position in Flowers Foods by 1,145.1% in the 4th quarter. SG Americas Securities LLC now owns 109,653 shares of the company’s stock worth $2,117,000 after buying an additional 100,846 shares during the period. Finally, Argyle Capital Management Inc. increased its position in Flowers Foods by 3.8% in the 4th quarter. Argyle Capital Management Inc. now owns 100,984 shares of the company’s stock worth $1,950,000 after buying an additional 3,700 shares during the period. 66.27% of the stock is currently owned by institutional investors.
About Flowers Foods
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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