Brokerages Set Flowers Foods, Inc. (NYSE:FLO) Price Target at $12.60

Shares of Flowers Foods, Inc. (NYSE:FLO) have been assigned a consensus rating of “Reduce” from the six brokerages that are presently covering the firm, Marketbeat.com reports. Two equities research analysts have rated the stock with a sell rating and four have given a hold rating to the company. The average twelve-month price objective among brokerages that have covered the stock in the last year is $12.60.

Several equities research analysts recently issued reports on FLO shares. Wall Street Zen raised shares of Flowers Foods from a “hold” rating to a “buy” rating in a research report on Saturday, March 21st. Stephens set a $11.00 price target on shares of Flowers Foods in a research note on Wednesday, February 18th. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and set a $11.00 price objective on shares of Flowers Foods in a research note on Tuesday, February 17th. Weiss Ratings restated a “sell (d+)” rating on shares of Flowers Foods in a report on Thursday, January 22nd. Finally, Zacks Research lowered Flowers Foods from a “hold” rating to a “strong sell” rating in a research report on Wednesday, February 25th.

Insider Buying and Selling at Flowers Foods

In other news, CEO Ryals Mcmullian sold 209,000 shares of the business’s stock in a transaction dated Friday, January 2nd. The stock was sold at an average price of $10.87, for a total transaction of $2,271,830.00. Following the completion of the sale, the chief executive officer owned 1,022,380 shares in the company, valued at approximately $11,113,270.60. The trade was a 16.97% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 11.57% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. Elevation Point Wealth Partners LLC acquired a new stake in shares of Flowers Foods in the second quarter worth $28,000. Quent Capital LLC acquired a new position in shares of Flowers Foods during the 3rd quarter valued at $30,000. WealthCollab LLC boosted its position in Flowers Foods by 1,623.7% during the 4th quarter. WealthCollab LLC now owns 2,327 shares of the company’s stock worth $25,000 after purchasing an additional 2,192 shares during the period. Wilmington Savings Fund Society FSB boosted its position in Flowers Foods by 225.6% during the 3rd quarter. Wilmington Savings Fund Society FSB now owns 2,400 shares of the company’s stock worth $31,000 after purchasing an additional 1,663 shares during the period. Finally, Geneos Wealth Management Inc. increased its holdings in Flowers Foods by 64.4% in the 2nd quarter. Geneos Wealth Management Inc. now owns 2,555 shares of the company’s stock valued at $41,000 after purchasing an additional 1,001 shares in the last quarter. 75.45% of the stock is owned by institutional investors and hedge funds.

Flowers Foods Stock Performance

Flowers Foods stock opened at $8.27 on Thursday. The stock has a fifty day moving average price of $10.10 and a 200 day moving average price of $11.23. Flowers Foods has a 52 week low of $8.04 and a 52 week high of $20.23. The firm has a market capitalization of $1.75 billion, a P/E ratio of 20.68 and a beta of 0.36. The company has a current ratio of 0.75, a quick ratio of 0.54 and a debt-to-equity ratio of 1.04.

Flowers Foods (NYSE:FLO) last issued its quarterly earnings results on Thursday, February 12th. The company reported $0.22 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.16 by $0.06. Flowers Foods had a return on equity of 16.61% and a net margin of 1.59%.During the same period last year, the business posted $0.22 EPS. The company’s quarterly revenue was up 11.0% compared to the same quarter last year. Flowers Foods has set its FY 2026 guidance at 0.800-0.900 EPS. Equities research analysts anticipate that Flowers Foods will post 1.18 earnings per share for the current year.

Flowers Foods Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 20th. Stockholders of record on Friday, March 6th were issued a $0.2475 dividend. This represents a $0.99 dividend on an annualized basis and a dividend yield of 12.0%. The ex-dividend date was Friday, March 6th. Flowers Foods’s dividend payout ratio (DPR) is 247.50%.

Flowers Foods Company Profile

Flowers Foods, Inc is one of the largest producers of packaged bakery foods in the United States, offering a variety of fresh bread, buns, rolls, snack cakes and tortillas. Headquartered in Thomasville, Georgia, the company operates an extensive network of bakeries and distribution centers that serve retail grocery chains, convenience stores, mass merchandisers and foodservice customers nationwide. Flowers Foods markets its products under well-known brands such as Nature’s Own, Wonder, Dave’s Killer Bread, Mrs.