StockNews.com lowered shares of Flowers Foods (NYSE:FLO - Free Report) from a strong-buy rating to a buy rating in a research report report published on Tuesday morning.
Flowers Foods Stock Down 0.4 %
Shares of FLO stock traded down $0.09 during trading on Tuesday, hitting $21.85. 1,513,663 shares of the company were exchanged, compared to its average volume of 1,182,820. The business's 50-day simple moving average is $22.61 and its 200 day simple moving average is $22.84. Flowers Foods has a twelve month low of $20.50 and a twelve month high of $26.12. The firm has a market capitalization of $4.60 billion, a price-to-earnings ratio of 19.17, a P/E/G ratio of 4.11 and a beta of 0.36. The company has a debt-to-equity ratio of 0.75, a quick ratio of 0.95 and a current ratio of 1.24.
Flowers Foods (NYSE:FLO - Get Free Report) last posted its quarterly earnings results on Friday, November 8th. The company reported $0.33 EPS for the quarter, beating the consensus estimate of $0.30 by $0.03. The business had revenue of $1.19 billion for the quarter, compared to analysts' expectations of $1.20 billion. Flowers Foods had a net margin of 4.70% and a return on equity of 19.41%. Flowers Foods's revenue was down .7% on a year-over-year basis. During the same period in the previous year, the company posted $0.29 EPS. As a group, analysts forecast that Flowers Foods will post 1.27 EPS for the current fiscal year.
Flowers Foods Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 13th. Investors of record on Friday, November 29th will be paid a $0.24 dividend. This represents a $0.96 annualized dividend and a dividend yield of 4.39%. The ex-dividend date is Friday, November 29th. Flowers Foods's payout ratio is presently 84.21%.
Hedge Funds Weigh In On Flowers Foods
Several hedge funds have recently bought and sold shares of FLO. Hexagon Capital Partners LLC acquired a new stake in shares of Flowers Foods in the third quarter worth about $29,000. Blue Trust Inc. boosted its position in Flowers Foods by 18,254.5% during the third quarter. Blue Trust Inc. now owns 2,019 shares of the company's stock worth $45,000 after purchasing an additional 2,008 shares during the period. Capital Performance Advisors LLP acquired a new position in Flowers Foods during the third quarter valued at approximately $52,000. Headlands Technologies LLC bought a new position in shares of Flowers Foods in the second quarter valued at approximately $59,000. Finally, Versant Capital Management Inc lifted its stake in shares of Flowers Foods by 7,694.7% in the second quarter. Versant Capital Management Inc now owns 2,962 shares of the company's stock worth $66,000 after buying an additional 2,924 shares during the last quarter. 75.45% of the stock is owned by institutional investors and hedge funds.
About Flowers Foods
(
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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.
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