Flowers Foods (NYSE:FLO) Announces Quarterly Earnings Results

Flowers Foods (NYSE:FLO) announced its earnings results on Thursday. The company reported $0.23 EPS for the quarter, hitting the consensus estimate of $0.23, FiscalAI reports. The firm had revenue of $1.23 billion for the quarter, compared to the consensus estimate of $1.23 billion. Flowers Foods had a return on equity of 17.85% and a net margin of 4.30%.The business’s quarterly revenue was up 3.0% compared to the same quarter last year. During the same period in the previous year, the business earned $0.33 EPS. Flowers Foods updated its FY 2025 guidance to 1.020-1.08 EPS.

Flowers Foods Trading Up 2.1%

Shares of FLO stock traded up $0.25 during trading hours on Friday, hitting $11.90. 6,724,958 shares of the company were exchanged, compared to its average volume of 2,849,625. The company has a 50 day simple moving average of $13.07 and a two-hundred day simple moving average of $15.24. The firm has a market cap of $2.51 billion, a P/E ratio of 11.44 and a beta of 0.26. The company has a debt-to-equity ratio of 1.23, a quick ratio of 0.90 and a current ratio of 1.26. Flowers Foods has a fifty-two week low of $11.45 and a fifty-two week high of $23.04.

Flowers Foods Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 19th. Stockholders of record on Friday, September 5th were given a dividend of $0.2475 per share. The ex-dividend date of this dividend was Friday, September 5th. This represents a $0.99 annualized dividend and a dividend yield of 8.3%. Flowers Foods’s dividend payout ratio (DPR) is 107.61%.

Analysts Set New Price Targets

A number of equities analysts recently commented on the company. Truist Financial cut their price objective on Flowers Foods from $20.00 to $15.00 and set a “hold” rating on the stock in a research note on Monday, August 18th. DA Davidson restated a “neutral” rating and set a $15.00 price target on shares of Flowers Foods in a report on Monday, August 18th. Finally, Weiss Ratings restated a “sell (d+)” rating on shares of Flowers Foods in a research report on Wednesday, October 8th. Three analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Reduce” and a consensus target price of $15.33.

Insider Buying and Selling at Flowers Foods

In other news, insider Cindy Cox sold 3,600 shares of the company’s stock in a transaction dated Tuesday, September 9th. The shares were sold at an average price of $15.00, for a total transaction of $54,000.00. Following the transaction, the insider owned 16,994 shares in the company, valued at approximately $254,910. This represents a 17.48% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Ryals Mcmullian sold 350,000 shares of the stock in a transaction dated Thursday, September 25th. The stock was sold at an average price of $12.82, for a total transaction of $4,487,000.00. Following the transaction, the chief executive officer directly owned 1,231,380 shares in the company, valued at $15,786,291.60. This trade represents a 22.13% decrease in their position. The SEC filing for this sale provides additional information. 11.57% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in FLO. Osaic Holdings Inc. raised its holdings in shares of Flowers Foods by 78.7% in the 2nd quarter. Osaic Holdings Inc. now owns 13,535 shares of the company’s stock worth $217,000 after acquiring an additional 5,959 shares during the last quarter. Geneos Wealth Management Inc. raised its stake in shares of Flowers Foods by 64.4% in the second quarter. Geneos Wealth Management Inc. now owns 2,555 shares of the company’s stock worth $41,000 after purchasing an additional 1,001 shares during the last quarter. FORA Capital LLC purchased a new stake in shares of Flowers Foods in the second quarter worth approximately $527,000. Evergreen Capital Management LLC lifted its holdings in shares of Flowers Foods by 94.2% in the second quarter. Evergreen Capital Management LLC now owns 24,015 shares of the company’s stock valued at $384,000 after purchasing an additional 11,651 shares in the last quarter. Finally, Headlands Technologies LLC purchased a new position in shares of Flowers Foods during the second quarter valued at approximately $268,000. 75.45% of the stock is currently owned by institutional investors and hedge funds.

Flowers Foods Company Profile

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.