AXQ Capital LP Purchases New Position in Flowers Foods, Inc. (NYSE:FLO)

AXQ Capital LP bought a new position in shares of Flowers Foods, Inc. (NYSE:FLO - Free Report) in the 4th quarter, according to its most recent 13F filing with the SEC. The fund bought 15,199 shares of the company's stock, valued at approximately $314,000.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Brooklyn Investment Group lifted its holdings in Flowers Foods by 171.8% during the fourth quarter. Brooklyn Investment Group now owns 2,623 shares of the company's stock worth $54,000 after acquiring an additional 1,658 shares in the last quarter. Blue Trust Inc. grew its position in shares of Flowers Foods by 34.4% in the 4th quarter. Blue Trust Inc. now owns 2,713 shares of the company's stock valued at $56,000 after purchasing an additional 694 shares during the period. Quent Capital LLC increased its stake in Flowers Foods by 104.2% during the 4th quarter. Quent Capital LLC now owns 3,049 shares of the company's stock worth $63,000 after purchasing an additional 1,556 shares in the last quarter. EverSource Wealth Advisors LLC raised its holdings in Flowers Foods by 67.7% during the 4th quarter. EverSource Wealth Advisors LLC now owns 3,276 shares of the company's stock worth $68,000 after buying an additional 1,323 shares during the period. Finally, Quest Partners LLC lifted its stake in Flowers Foods by 329,400.0% in the third quarter. Quest Partners LLC now owns 3,295 shares of the company's stock valued at $76,000 after buying an additional 3,294 shares in the last quarter. 75.45% of the stock is owned by institutional investors.

Flowers Foods Stock Performance

Shares of NYSE FLO traded up $0.36 during mid-day trading on Thursday, reaching $18.85. 1,040,122 shares of the company were exchanged, compared to its average volume of 1,388,787. The stock has a market capitalization of $3.97 billion, a P/E ratio of 16.11, a P/E/G ratio of 8.72 and a beta of 0.41. The company has a quick ratio of 0.95, a current ratio of 1.20 and a debt-to-equity ratio of 0.72. The company's 50-day simple moving average is $19.00 and its 200-day simple moving average is $20.92. Flowers Foods, Inc. has a twelve month low of $17.95 and a twelve month high of $26.12.

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Flowers Foods (NYSE:FLO - Get Free Report) last released its quarterly earnings results on Friday, February 7th. The company reported $0.22 EPS for the quarter, beating the consensus estimate of $0.21 by $0.01. Flowers Foods had a net margin of 4.86% and a return on equity of 19.48%. During the same period in the prior year, the firm earned $0.20 EPS. As a group, research analysts predict that Flowers Foods, Inc. will post 1.18 earnings per share for the current year.

Flowers Foods Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Friday, February 28th were paid a $0.24 dividend. The ex-dividend date was Friday, February 28th. This represents a $0.96 dividend on an annualized basis and a yield of 5.09%. Flowers Foods's dividend payout ratio (DPR) is 82.05%.

Analyst Upgrades and Downgrades

FLO has been the topic of several research reports. StockNews.com cut shares of Flowers Foods from a "strong-buy" rating to a "buy" rating in a research report on Friday, December 20th. Truist Financial reduced their price target on Flowers Foods from $23.00 to $20.00 and set a "hold" rating for the company in a research report on Monday, February 10th. Finally, DA Davidson cut their price objective on shares of Flowers Foods from $24.00 to $21.00 and set a "neutral" rating on the stock in a research report on Monday, February 10th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat.com, Flowers Foods currently has an average rating of "Hold" and an average price target of $21.00.

Flowers Foods Profile

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.