Point72 Asia Singapore Pte. Ltd. Acquires Shares of 1,435 Flowers Foods, Inc. (NYSE:FLO)

Point72 Asia Singapore Pte. Ltd. acquired a new stake in Flowers Foods, Inc. (NYSE:FLO) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 1,435 shares of the company’s stock, valued at approximately $30,000.

Other institutional investors have also recently bought and sold shares of the company. Canada Pension Plan Investment Board bought a new position in Flowers Foods in the 4th quarter valued at $29,000. Brooklyn Investment Group grew its stake in Flowers Foods by 171.8% in the 4th quarter. Brooklyn Investment Group now owns 2,623 shares of the company’s stock valued at $54,000 after purchasing an additional 1,658 shares during the period. Blue Trust Inc. lifted its position in shares of Flowers Foods by 34.4% during the 4th quarter. Blue Trust Inc. now owns 2,713 shares of the company’s stock valued at $56,000 after buying an additional 694 shares during the last quarter. GeoWealth Management LLC purchased a new position in shares of Flowers Foods during the 4th quarter valued at $60,000. Finally, Quent Capital LLC lifted its position in shares of Flowers Foods by 104.2% during the 4th quarter. Quent Capital LLC now owns 3,049 shares of the company’s stock valued at $63,000 after buying an additional 1,556 shares during the last quarter. Institutional investors own 75.45% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have recently commented on FLO shares. Jefferies Financial Group dropped their price target on Flowers Foods from $20.00 to $16.00 and set a “hold” rating on the stock in a research report on Friday. 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 report on Monday, February 10th. DA Davidson dropped their price target on Flowers Foods from $24.00 to $21.00 and set a “neutral” rating on the stock in a research report on Monday, February 10th. Finally, StockNews.com cut Flowers Foods from a “buy” rating to a “hold” rating in a research report on Monday. One research analyst has rated the stock with a sell rating and four have issued a hold rating to the stock. According to data from MarketBeat.com, Flowers Foods has an average rating of “Hold” and a consensus target price of $19.25.

Flowers Foods Stock Performance

Shares of FLO opened at $17.12 on Tuesday. The stock’s 50-day simple moving average is $18.07 and its 200 day simple moving average is $19.57. The stock has a market capitalization of $3.61 billion, a price-to-earnings ratio of 14.63, a price-to-earnings-growth ratio of 8.72 and a beta of 0.37. The company has a debt-to-equity ratio of 0.72, a quick ratio of 0.95 and a current ratio of 1.20. Flowers Foods, Inc. has a 52-week low of $16.43 and a 52-week high of $24.81.

Flowers Foods (NYSE:FLO) last issued its quarterly earnings data on Friday, May 16th. The company reported $0.35 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.38 by ($0.03). The company had revenue of $1.55 billion for the quarter, compared to analysts’ expectations of $1.60 billion. Flowers Foods had a return on equity of 19.48% and a net margin of 4.86%. The business’s revenue for the quarter was down 1.4% on a year-over-year basis. During the same period last year, the company posted $0.38 EPS. Research analysts forecast that Flowers Foods, Inc. will post 1.18 EPS for the current fiscal year.

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.