Flowers Foods (NYSE:FLO) Posts Quarterly Earnings Results, Misses Estimates By $0.03 EPS

Flowers Foods (NYSE:FLO) posted its earnings results on Friday. The company reported $0.35 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.38 by ($0.03), RTT News reports. Flowers Foods had a net margin of 4.86% and a return on equity of 19.48%. The firm had revenue of $1.55 billion during the quarter, compared to analyst estimates of $1.60 billion. The business’s revenue for the quarter was down 1.4% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.38 earnings per share. Flowers Foods updated its FY 2025 guidance to 1.050-1.150 EPS.

Flowers Foods Stock Up 1.3%

FLO opened at $17.29 on Friday. The company has a market cap of $3.65 billion, a PE ratio of 14.77, a price-to-earnings-growth ratio of 8.72 and a beta of 0.37. Flowers Foods has a twelve month low of $16.43 and a twelve month high of $24.81. The company has a 50-day moving average price of $18.10 and a 200 day moving average price of $19.62. The company has a quick ratio of 0.95, a current ratio of 1.20 and a debt-to-equity ratio of 0.72.

Institutional Investors Weigh In On Flowers Foods

Several large investors have recently bought and sold shares of FLO. Integrated Wealth Concepts LLC purchased a new position in shares of Flowers Foods in the first quarter valued at approximately $499,000. Empowered Funds LLC increased its position in shares of Flowers Foods by 10.6% during the first quarter. Empowered Funds LLC now owns 150,404 shares of the company’s stock worth $2,859,000 after purchasing an additional 14,476 shares in the last quarter. Millennium Management LLC raised its stake in Flowers Foods by 209.6% in the 1st quarter. Millennium Management LLC now owns 949,688 shares of the company’s stock valued at $18,054,000 after purchasing an additional 642,942 shares during the last quarter. Finally, Goldman Sachs Group Inc. raised its stake in Flowers Foods by 7.2% in the 1st quarter. Goldman Sachs Group Inc. now owns 976,456 shares of the company’s stock valued at $18,562,000 after purchasing an additional 65,258 shares during the last quarter. 75.45% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on the stock. DA Davidson decreased their price objective on shares of Flowers Foods from $24.00 to $21.00 and set a “neutral” rating for the company in a research report on Monday, February 10th. Jefferies Financial Group cut their price target on Flowers Foods from $20.00 to $16.00 and set a “hold” rating for the company in a research note on Friday. Finally, Truist Financial lowered their price target on Flowers Foods from $23.00 to $20.00 and set a “hold” rating on the stock in a research report on Monday, February 10th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the company’s stock. According to MarketBeat, Flowers Foods currently has an average rating of “Hold” and an average price target of $19.25.

About Flowers Foods

Flowers Foods, Inc produces and markets packaged bakery food products in the United States. Its principal products include fresh breads, buns, rolls, snack items, bagels, English muffins, and tortillas, as well as frozen breads and rolls under the Nature's Own, Dave's Killer Bread, Wonder, Canyon Bakehouse, Mrs.