Teachers Retirement System of The State of Kentucky reduced its position in Flowers Foods, Inc. (NYSE:FLO) by 9.8% during the first quarter, according to its most recent 13F filing with the SEC. The fund owned 38,040 shares of the company’s stock after selling 4,110 shares during the period. Teachers Retirement System of The State of Kentucky’s holdings in Flowers Foods were worth $738,000 as of its most recent filing with the SEC.
Other institutional investors have also modified their holdings of the company. Jolley Asset Management LLC boosted its position in shares of Flowers Foods by 2.3% in the first quarter. Jolley Asset Management LLC now owns 215,096 shares of the company’s stock worth $4,175,000 after buying an additional 4,798 shares during the last quarter. Edmp Inc. acquired a new position in shares of Flowers Foods during the first quarter worth approximately $194,000. Louisiana State Employees Retirement System boosted its position in shares of Flowers Foods by 2.7% in the first quarter. Louisiana State Employees Retirement System now owns 46,400 shares of the company’s stock worth $901,000 after buying an additional 1,200 shares during the last quarter. Americafirst Capital Management LLC purchased a new position in Flowers Foods during the first quarter worth about $1,683,000. Finally, Parametrica Management Ltd purchased a new position in Flowers Foods during the first quarter worth about $229,000. Institutional investors own 66.50% of the company’s stock.
Shares of Flowers Foods, Inc. (NYSE FLO) opened at 17.72 on Tuesday. The company’s 50-day moving average is $17.70 and its 200 day moving average is $19.00. The company has a market cap of $3.71 billion, a price-to-earnings ratio of 22.46 and a beta of 0.97. Flowers Foods, Inc. has a 1-year low of $14.35 and a 1-year high of $21.00.
Flowers Foods (NYSE:FLO) last posted its earnings results on Wednesday, May 17th. The company reported $0.25 EPS for the quarter, meeting analysts’ consensus estimates of $0.25. The business had revenue of $1.19 billion for the quarter, compared to the consensus estimate of $1.21 billion. Flowers Foods had a net margin of 4.22% and a return on equity of 15.39%. The company’s revenue for the quarter was down 1.4% on a year-over-year basis. During the same quarter last year, the firm posted $0.28 EPS. Equities analysts anticipate that Flowers Foods, Inc. will post $0.87 EPS for the current year.
A number of equities analysts have issued reports on the stock. Zacks Investment Research cut shares of Flowers Foods from a “hold” rating to a “sell” rating in a research report on Tuesday, April 18th. Jefferies Group LLC restated a “buy” rating and issued a $23.00 price objective on shares of Flowers Foods in a research report on Friday, May 26th. TheStreet upgraded shares of Flowers Foods from a “c+” rating to a “b-” rating in a research report on Thursday, May 18th. BidaskClub upgraded shares of Flowers Foods from a “hold” rating to a “buy” rating in a research report on Thursday, June 29th. Finally, BMO Capital Markets restated a “hold” rating and issued a $19.00 price objective on shares of Flowers Foods in a research report on Thursday, July 20th. Six research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of $20.14.
About Flowers Foods
Flowers Foods, Inc is a producer and marketer of packaged bakery products. The Company operates in two segments: direct-store-delivery segment (DSD Segment) and warehouse delivery segment (Warehouse Segment). The DSD segment produces fresh breads, buns, rolls, tortillas and snack cakes sold primarily by a network of independent distributors to retail and foodservice customers in the areas of the United States: East, South, Southwest, California, and select markets in the Midwest, Pacific Northwest, Nevada, and Colorado.
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