Flowers Foods (NYSE:FLO) Issues Quarterly Earnings Results

Flowers Foods (NYSE:FLO) announced 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 for the quarter, compared to analyst estimates of $1.60 billion. During the same period last year, the firm earned $0.38 earnings per share. Flowers Foods’s revenue for the quarter was down 1.4% compared to the same quarter last year. Flowers Foods updated its FY 2025 guidance to 1.050-1.150 EPS.

Flowers Foods Stock Up 1.3%

Shares of Flowers Foods stock traded up $0.22 on Friday, hitting $17.29. 5,243,988 shares of the company traded hands, compared to its average volume of 1,590,357. 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. Flowers Foods has a 12-month low of $16.43 and a 12-month high of $24.81. The company has a market cap of $3.65 billion, a PE ratio of 14.77, a PEG ratio of 8.72 and a beta of 0.37.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on FLO. Jefferies Financial Group cut their target price on shares of Flowers Foods from $20.00 to $16.00 and set a “hold” rating on the stock in a research note on Friday. Truist Financial cut their target price on shares of Flowers Foods from $23.00 to $20.00 and set a “hold” rating on the stock in a research note on Monday, February 10th. Finally, DA Davidson cut their target price on shares of Flowers Foods from $24.00 to $21.00 and set a “neutral” rating on the stock in a research note on Monday, February 10th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $19.25.

Hedge Funds Weigh In On Flowers Foods

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