Brokerages Set Flowers Foods, Inc. (NYSE:FLO) Target Price at $7.60

Flowers Foods, Inc. (NYSE:FLO) has earned a consensus recommendation of “Reduce” from the six ratings firms that are covering the firm, Marketbeat.com reports. Two analysts have rated the stock with a sell rating and four have assigned a hold rating to the company. The average 12 month price target among brokers that have updated their coverage on the stock in the last year is $7.60.

A number of equities research analysts recently commented on FLO shares. Stephens decreased their target price on shares of Flowers Foods from $8.00 to $6.00 and set an “equal weight” rating for the company in a research report on Monday, August 24th. Weiss Ratings raised shares of Flowers Foods from a “sell (d)” rating to a “sell (d+)” rating in a report on Thursday, August 27th. Zacks Research raised shares of Flowers Foods from a “strong sell” rating to a “hold” rating in a research note on Thursday, May 21st. Finally, Jefferies Financial Group set a $7.00 price target on shares of Flowers Foods in a research note on Monday, August 3rd.

Institutional Investors Weigh In On Flowers Foods

A number of hedge funds have recently modified their holdings of FLO. Corient Private Wealth LP purchased a new position in Flowers Foods during the second quarter worth approximately $5,699,000. BlackRock Inc. acquired a new position in Flowers Foods during the second quarter worth $273,587,000. Bank of New York Mellon Corp purchased a new stake in Flowers Foods in the 2nd quarter valued at $12,070,000. Connor Clark & Lunn Investment Management Ltd. purchased a new stake in Flowers Foods in the 2nd quarter valued at $8,360,000. Finally, Legal & General Group Plc acquired a new stake in shares of Flowers Foods in the 2nd quarter worth $3,858,000. 75.45% of the stock is currently owned by institutional investors and hedge funds.

Flowers Foods Stock Performance

Shares of Flowers Foods stock opened at $6.17 on Thursday. Flowers Foods has a 12 month low of $5.92 and a 12 month high of $13.79. The company has a current ratio of 0.77, a quick ratio of 0.57 and a debt-to-equity ratio of 0.97. The firm has a market cap of $1.31 billion, a P/E ratio of 23.72 and a beta of 0.39. The stock’s fifty day moving average price is $7.27 and its 200-day moving average price is $7.88.

Flowers Foods (NYSE:FLO) last announced its quarterly earnings results on Thursday, August 20th. The company reported $0.21 earnings per share for the quarter, missing the consensus estimate of $0.22 by ($0.01). The business had revenue of $1.19 billion during 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%.Flowers Foods’s revenue for the quarter was down 4.0% on a year-over-year basis. During the same period in the previous year, the company posted $0.28 EPS. Flowers Foods has set its FY 2026 guidance at 0.750-0.850 EPS. On average, equities research analysts expect that Flowers Foods will post 0.8 earnings per share for the current fiscal year.

Flowers Foods Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, September 25th. Investors of record on Friday, September 11th will be given a dividend of $0.125 per share. This represents a $0.50 annualized dividend and a dividend yield of 8.1%. The ex-dividend date is Friday, September 11th. Flowers Foods’s payout ratio is presently 192.31%.

Flowers Foods Company Profile

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.