Flowers Foods, Inc. (NYSE:FLO – Get Free Report)’s stock price reached a new 52-week low on Monday. The stock traded as low as $5.61 and last traded at $5.6350, with a volume of 191950 shares changing hands. The stock had previously closed at $5.74.
Analysts Set New Price Targets
Several research firms have commented on FLO. Jefferies Financial Group set a $7.00 price objective on shares of Flowers Foods in a research note on Monday, August 3rd. Stephens reduced their target price on shares of Flowers Foods from $8.00 to $6.00 and set an “equal weight” rating on the stock in a research note on Monday, August 24th. Weiss Ratings lowered shares of Flowers Foods from a “sell (d+)” rating to a “sell (d)” rating in a report on Monday, September 21st. Finally, Zacks Research cut shares of Flowers Foods from a “hold” rating to a “strong sell” rating in a research note on Tuesday, September 15th. Three analysts have rated the stock with a Hold rating and three have assigned a Sell rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Reduce” and a consensus target price of $7.60.
Read Our Latest Analysis on FLO
Flowers Foods Stock Down 1.0%
Flowers Foods (NYSE:FLO – Get Free Report) last released its quarterly earnings data on Thursday, August 20th. The company reported $0.21 EPS for the quarter, missing the consensus estimate of $0.22 by ($0.01). The firm had revenue of $1.19 billion for the quarter, compared to analysts’ expectations of $1.23 billion. Flowers Foods had a return on equity of 14.91% and a net margin of 1.06%.The company’s revenue for the quarter was down 4.0% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.28 earnings per share. Flowers Foods has set its FY 2026 guidance at 0.750-0.850 EPS. Equities research analysts anticipate that Flowers Foods, Inc. will post 0.8 earnings per share for the current year.
Flowers Foods Dividend Announcement
The company also recently declared a quarterly dividend, which was paid on Friday, September 25th. Stockholders of record on Friday, September 11th were given a dividend of $0.1250 per share. The ex-dividend date of this dividend was Friday, September 11th. This represents a $0.50 dividend on an annualized basis and a dividend yield of 8.8%. Flowers Foods’s dividend payout ratio is presently 192.31%.
Hedge Funds Weigh In On Flowers Foods
Institutional investors have recently made changes to their positions in the company. HB Wealth Management LLC lifted its holdings in Flowers Foods by 7.6% in the first quarter. HB Wealth Management LLC now owns 16,256 shares of the company’s stock valued at $132,000 after acquiring an additional 1,155 shares during the period. Oregon Public Employees Retirement Fund grew its stake in shares of 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 purchasing an additional 1,300 shares during the period. Sigma Planning Corp grew its stake in shares of Flowers Foods by 15.7% during the 1st quarter. Sigma Planning Corp now owns 12,801 shares of the company’s stock worth $104,000 after purchasing an additional 1,735 shares during the period. IFP Advisors Inc increased its holdings in shares of Flowers Foods by 140.7% during the 4th quarter. IFP Advisors Inc now owns 3,025 shares of the company’s stock valued at $33,000 after purchasing an additional 1,768 shares in the last quarter. Finally, EverSource Wealth Advisors LLC increased its holdings in shares of Flowers Foods by 39.6% during the 4th quarter. EverSource Wealth Advisors LLC now owns 6,848 shares of the company’s stock valued at $75,000 after purchasing an additional 1,943 shares in the last quarter. Hedge funds and other institutional investors own 75.45% of the company’s stock.
About Flowers Foods
Flowers Foods, Inc is a U.S.-based producer and distributor of packaged bakery foods. The company makes breads, buns, rolls, snack cakes, tortillas and related baked goods for retail, foodservice and other commercial customers.
Its portfolio includes nationally recognized brands such as Nature’s Own, Dave’s Killer Bread, Wonder, Tastykake, Canyon Bakehouse and Mrs. Freshley’s. Flowers Foods also supplies baked goods through regional and local brands, serving grocery stores, mass merchants, club retailers, restaurants and foodservice distributors.
Founded in 1919 and headquartered in Thomasville, Georgia, Flowers Foods operates bakeries and distribution facilities across the United States.
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