Flowers Foods (NYSE:FLO) Price Target Cut to $21.00 by Analysts at DA Davidson

Flowers Foods (NYSE:FLO) had its target price dropped by equities researchers at DA Davidson from $24.00 to $21.00 in a research report issued on Monday,Benzinga reports. The brokerage currently has a “neutral” rating on the stock. DA Davidson’s target price would suggest a potential upside of 13.51% from the company’s previous close.

FLO has been the topic of a number of other research reports. StockNews.com lowered Flowers Foods from a “strong-buy” rating to a “buy” rating in a research report on Friday, December 20th. Truist Financial dropped their price target on Flowers Foods from $23.00 to $20.00 and set a “hold” rating on the stock in a research note on Monday. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $21.00.

Flowers Foods Trading Down 3.1 %

FLO traded down $0.59 during midday trading on Monday, reaching $18.50. 370,306 shares of the company were exchanged, compared to its average volume of 2,039,130. The stock has a market capitalization of $3.90 billion, a P/E ratio of 16.17, a PEG ratio of 3.74 and a beta of 0.38. Flowers Foods has a one year low of $18.47 and a one year high of $26.12. The stock’s 50-day simple moving average is $20.36 and its 200 day simple moving average is $21.87. The company has a debt-to-equity ratio of 0.75, a quick ratio of 0.95 and a current ratio of 1.24.

Flowers Foods (NYSE:FLO) last released its quarterly earnings data on Friday, February 7th. The company reported $0.22 earnings per share for the quarter, topping the consensus estimate of $0.21 by $0.01. Flowers Foods had a net margin of 4.70% and a return on equity of 19.41%. During the same quarter last year, the business posted $0.20 EPS. As a group, analysts forecast that Flowers Foods will post 1.27 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Flowers Foods

Several large investors have recently made changes to their positions in the stock. Geode Capital Management LLC lifted its stake in Flowers Foods by 6.6% in the third quarter. Geode Capital Management LLC now owns 4,159,076 shares of the company’s stock valued at $95,971,000 after acquiring an additional 259,216 shares during the last quarter. SG Americas Securities LLC grew its holdings in Flowers Foods by 642.6% during the fourth quarter. SG Americas Securities LLC now owns 113,637 shares of the company’s stock worth $2,348,000 after purchasing an additional 98,335 shares during the period. Jane Street Group LLC increased its position in Flowers Foods by 85.0% during the third quarter. Jane Street Group LLC now owns 72,886 shares of the company’s stock worth $1,681,000 after buying an additional 33,480 shares during the last quarter. KBC Group NV raised its stake in Flowers Foods by 2,156.0% in the fourth quarter. KBC Group NV now owns 136,354 shares of the company’s stock valued at $2,817,000 after buying an additional 130,310 shares during the period. Finally, Nordea Investment Management AB bought a new position in shares of Flowers Foods during the 4th quarter worth approximately $4,461,000. Institutional investors and hedge funds own 75.45% of the company’s stock.

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.