Flowers Foods (NYSE:FLO) Hits New 1-Year Low – Here’s Why

Flowers Foods, Inc. (NYSE:FLOGet Free Report)’s stock price hit a new 52-week low during mid-day trading on Tuesday . The stock traded as low as $6.27 and last traded at $6.25, with a volume of 5666093 shares changing hands. The stock had previously closed at $6.27.

Analyst Upgrades and Downgrades

Several research firms have issued reports on FLO. Zacks Research upgraded Flowers Foods from a “strong sell” rating to a “hold” rating in a research note on Thursday, May 21st. Stephens reduced their price objective on shares of Flowers Foods from $8.00 to $6.00 and set an “equal weight” rating for the company in a research report on Monday, August 24th. Jefferies Financial Group set a $7.00 target price on Flowers Foods in a report on Monday, August 3rd. Finally, Weiss Ratings upgraded shares of Flowers Foods from a “sell (d)” rating to a “sell (d+)” rating in a research report on Thursday, August 27th. Four research analysts have rated the stock with a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat, the company presently has an average rating of “Reduce” and an average target price of $7.60.

Get Our Latest Analysis on Flowers Foods

Flowers Foods Trading Down 0.7%

The company has a debt-to-equity ratio of 0.97, a quick ratio of 0.57 and a current ratio of 0.77. The business’s fifty day moving average is $7.59 and its 200-day moving average is $8.06. The firm has a market cap of $1.32 billion, a P/E ratio of 24.04 and a beta of 0.39.

Flowers Foods (NYSE:FLOGet Free Report) last issued its quarterly earnings results on Thursday, August 20th. The company reported $0.21 EPS for the quarter, missing analysts’ consensus estimates of $0.22 by ($0.01). The business had revenue of $1.19 billion for the quarter, compared to analyst estimates of $1.23 billion. Flowers Foods had a return on equity of 14.91% and a net margin of 1.06%.Flowers Foods’s revenue for the quarter was down 4.0% on a year-over-year basis. During the same quarter last year, the firm posted $0.28 EPS. Flowers Foods has set its FY 2026 guidance at 0.750-0.850 EPS. Analysts predict that Flowers Foods, Inc. will post 0.79 EPS for the current year.

Flowers Foods Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, September 25th. Shareholders of record on Friday, September 11th will be issued a dividend of $0.125 per share. The ex-dividend date is Friday, September 11th. This represents a $0.50 annualized dividend and a yield of 8.0%. Flowers Foods’s dividend payout ratio (DPR) is presently 192.31%.

Institutional Investors Weigh In On Flowers Foods

Institutional investors have recently modified their holdings of the company. Larson Financial Group LLC raised its stake in Flowers Foods by 34.9% during the fourth quarter. Larson Financial Group LLC now owns 3,272 shares of the company’s stock worth $36,000 after buying an additional 846 shares during the last quarter. Geneos Wealth Management Inc. boosted its position in Flowers Foods by 64.4% during the second quarter. Geneos Wealth Management Inc. now owns 2,555 shares of the company’s stock valued at $41,000 after acquiring an additional 1,001 shares during the last quarter. HB Wealth Management LLC grew its holdings in Flowers Foods by 7.6% during the 1st quarter. HB Wealth Management LLC now owns 16,256 shares of the company’s stock worth $132,000 after acquiring an additional 1,155 shares during the period. Oregon Public Employees Retirement Fund grew its holdings in Flowers Foods by 3.1% during the 1st quarter. Oregon Public Employees Retirement Fund now owns 43,305 shares of the company’s stock worth $353,000 after acquiring an additional 1,300 shares during the period. Finally, Treasurer of the State of North Carolina raised its position in shares of Flowers Foods by 1.7% in the 2nd quarter. Treasurer of the State of North Carolina now owns 87,202 shares of the company’s stock worth $1,393,000 after acquiring an additional 1,455 shares in the last quarter. 75.45% of the stock is owned by institutional investors.

About Flowers Foods

(Get Free Report)

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.

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