Truist Financial Lowers Flowers Foods (NYSE:FLO) Price Target to $10.00

Flowers Foods (NYSE:FLO) had its price objective decreased by analysts at Truist Financial from $15.00 to $10.00 in a research note issued on Thursday,Benzinga reports. The firm currently has a “hold” rating on the stock. Truist Financial’s price target would indicate a potential downside of 12.85% from the stock’s current price.

Several other equities research analysts also recently weighed in on FLO. Weiss Ratings reissued a “sell (d+)” rating on shares of Flowers Foods in a report on Wednesday, October 8th. DA Davidson reiterated a “neutral” rating and issued a $15.00 target price on shares of Flowers Foods in a research note on Monday, August 18th. Three analysts have rated the stock with a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, Flowers Foods presently has an average rating of “Reduce” and a consensus price target of $13.67.

Flowers Foods Stock Down 0.3%

NYSE FLO traded down $0.04 on Thursday, hitting $11.48. The stock had a trading volume of 1,621,338 shares, compared to its average volume of 2,874,967. The business’s fifty day moving average price is $12.87 and its 200 day moving average price is $15.08. The stock has a market cap of $2.42 billion, a price-to-earnings ratio of 11.04 and a beta of 0.26. The company has a debt-to-equity ratio of 1.23, a current ratio of 1.26 and a quick ratio of 0.90. Flowers Foods has a 52-week low of $11.33 and a 52-week high of $23.04.

Flowers Foods (NYSE:FLO) last issued its quarterly earnings data on Thursday, November 6th. The company reported $0.23 EPS for the quarter, meeting the consensus estimate of $0.23. Flowers Foods had a return on equity of 17.85% and a net margin of 4.30%.The firm had revenue of $1.23 billion during the quarter, compared to analyst estimates of $1.23 billion. During the same quarter in the prior year, the business posted $0.33 EPS. The business’s revenue for the quarter was up 3.0% compared to the same quarter last year. Flowers Foods has set its FY 2025 guidance at 1.020-1.08 EPS. Equities research analysts anticipate that Flowers Foods will post 1.18 earnings per share for the current year.

Insider Buying and Selling

In related news, insider Cindy Cox sold 3,600 shares of the firm’s stock in a transaction on Tuesday, September 9th. The shares were sold at an average price of $15.00, for a total transaction of $54,000.00. Following the sale, the insider owned 16,994 shares in the company, valued at approximately $254,910. This trade represents a 17.48% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Ryals Mcmullian sold 350,000 shares of the firm’s stock in a transaction dated Thursday, September 25th. The shares were sold at an average price of $12.82, for a total value of $4,487,000.00. Following the sale, the chief executive officer owned 1,231,380 shares in the company, valued at $15,786,291.60. This trade represents a 22.13% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 11.57% of the company’s stock.

Institutional Trading of Flowers Foods

Several institutional investors have recently modified their holdings of FLO. Allworth Financial LP raised its stake in Flowers Foods by 904.8% in the 1st quarter. Allworth Financial LP now owns 2,502 shares of the company’s stock valued at $45,000 after purchasing an additional 2,253 shares during the last quarter. Victory Capital Management Inc. grew its position in shares of Flowers Foods by 23.0% in the first quarter. Victory Capital Management Inc. now owns 346,630 shares of the company’s stock valued at $6,589,000 after purchasing an additional 64,824 shares in the last quarter. Cooke & Bieler LP lifted its position in Flowers Foods by 2.9% during the first quarter. Cooke & Bieler LP now owns 5,612,523 shares of the company’s stock worth $106,694,000 after buying an additional 159,460 shares in the last quarter. Hussman Strategic Advisors Inc. grew its holdings in Flowers Foods by 14.3% in the 1st quarter. Hussman Strategic Advisors Inc. now owns 168,000 shares of the company’s stock valued at $3,194,000 after buying an additional 21,000 shares in the last quarter. Finally, Gallacher Capital Management LLC purchased a new position in shares of Flowers Foods during the 1st quarter worth $666,000. 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.