Flowers Foods (NYSE:FLO) Price Target Cut to $5.50 by Analysts at Stephens

Flowers Foods (NYSE:FLO) had its target price decreased by stock analysts at Stephens from $6.00 to $5.50 in a report released on Monday, Benzinga reports. The brokerage presently has an “equal weight” rating on the stock. Stephens‘s price objective would suggest a potential downside of 12.28% from the stock’s current price.

Other equities research analysts have also recently issued research reports about the stock. Zacks Research cut shares of Flowers Foods from a “hold” rating to a “strong sell” rating in a research note on Tuesday, September 15th. Weiss Ratings cut Flowers Foods from a “sell (d+)” rating to a “sell (d)” rating in a research note on Friday, October 16th. BNP Paribas Exane cut their target price on shares of Flowers Foods from $6.50 to $5.00 and set an “underperform” rating on the stock in a report on Wednesday, October 7th. Finally, Jefferies Financial Group cut their price target on shares of Flowers Foods from $7.00 to $6.00 and set a “hold” rating on the stock in a report on Tuesday, October 6th. Four equities research analysts have rated the stock with a Hold rating and three have given a Sell rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Reduce” and an average target price of $6.70.

Flowers Foods Stock Performance

Shares of FLO opened at $6.27 on Monday. Flowers Foods has a 1-year low of $5.40 and a 1-year high of $12.20. The company has a debt-to-equity ratio of 0.97, a current ratio of 0.77 and a quick ratio of 0.57. The company has a market capitalization of $1.33 billion, a P/E ratio of 24.12 and a beta of 0.38. The firm’s 50 day simple moving average is $6.17 and its 200 day simple moving average is $8.03.

Flowers Foods (NYSE:FLO) last issued its quarterly earnings results on Thursday, August 20th. The company reported $0.21 earnings per share (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 the consensus estimate 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% on a year-over-year basis. During the same period last year, the firm earned $0.28 EPS. Flowers Foods has set its FY 2026 guidance at 0.750-0.850 EPS. Sell-side analysts forecast that Flowers Foods will post 0.80 earnings per share for the current fiscal year.

Insider Transactions at Flowers Foods

In other news, insider Cindy Cox sold 4,400 shares of the business’s stock in a transaction that occurred on Thursday, October 8th. The shares were sold at an average price of $5.89, for a total transaction of $25,916.00. Following the completion of the transaction, the insider directly owned 41,030 shares of the company’s stock, valued at $241,666.70. The trade was a 9.69% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 7.23% of the company’s stock.

Hedge Funds Weigh In On Flowers Foods

A number of institutional investors and hedge funds have recently modified their holdings of the company. HB Wealth Management LLC increased its position in Flowers Foods by 7.6% in the first quarter. HB Wealth Management LLC now owns 16,256 shares of the company’s stock worth $132,000 after buying an additional 1,155 shares in the last quarter. Oregon Public Employees Retirement Fund increased its holdings in Flowers Foods by 3.1% in 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 in the last quarter. Sigma Planning Corp raised its stake in 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 acquiring an additional 1,735 shares during the period. Rockefeller Capital Management L.P. raised its stake in Flowers Foods by 129.2% during the 4th quarter. Rockefeller Capital Management L.P. now owns 3,457 shares of the company’s stock worth $38,000 after acquiring an additional 1,949 shares during the period. Finally, Kera Capital Partners Inc. lifted its holdings in Flowers Foods by 5.6% during the first quarter. Kera Capital Partners Inc. now owns 37,728 shares of the company’s stock valued at $307,000 after purchasing an additional 1,985 shares in the last quarter. 75.45% of the stock is currently owned by hedge funds and other institutional investors.

About Flowers Foods

Flowers Foods, Inc is a producer and marketer of packaged bakery foods in the United States. The company makes and distributes bread, buns, rolls, snack cakes, pastries, and other baked goods through a network of bakeries and distribution operations.

Its portfolio includes well-known brands such as Nature’s Own, Wonder, Dave’s Killer Bread, Tastykake, Canyon Bakehouse, and Mrs. Freshley’s. Flowers Foods sells products through grocery stores, mass merchandisers, club stores, foodservice distributors, convenience stores, and other retail channels.

Founded in 1919 and headquartered in Thomasville, Georgia, Flowers Foods serves customers across the United States.