Flowers Foods, Inc. to Post FY2017 Earnings of $0.87 Per Share, Jefferies Group Forecasts (NYSE:FLO)

Flowers Foods, Inc. (NYSE:FLO) – Stock analysts at Jefferies Group lifted their FY2017 earnings estimates for Flowers Foods in a report issued on Thursday, Zacks Investment Research reports. Jefferies Group analyst A. Jagdale now anticipates that the company will earn $0.87 per share for the year, up from their prior forecast of $0.86. Jefferies Group currently has a “Hold” rating and a $19.00 price objective on the stock. Jefferies Group also issued estimates for Flowers Foods’ Q3 2018 earnings at $0.24 EPS, FY2018 earnings at $0.93 EPS, Q3 2019 earnings at $0.26 EPS, FY2019 earnings at $1.02 EPS, FY2020 earnings at $1.11 EPS and FY2021 earnings at $1.21 EPS.

Other research analysts have also issued research reports about the company. BidaskClub raised Flowers Foods from a “hold” rating to a “buy” rating in a report on Wednesday, August 9th. Zacks Investment Research raised Flowers Foods from a “sell” rating to a “hold” rating in a report on Tuesday, October 17th. TheStreet lowered Flowers Foods from a “b-” rating to a “c” rating in a report on Thursday, November 9th. BMO Capital Markets reiterated a “hold” rating and set a $19.00 target price on shares of Flowers Foods in a research report on Thursday, November 2nd. Finally, SunTrust Banks restated a “hold” rating and issued a $20.00 price objective on shares of Flowers Foods in a report on Friday, November 10th. Three research analysts have rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average target price of $21.43.

Shares of Flowers Foods (NYSE FLO) traded up $0.36 during midday trading on Monday, reaching $20.34. The company’s stock had a trading volume of 1,056,934 shares, compared to its average volume of 1,367,288. Flowers Foods has a one year low of $16.10 and a one year high of $21.00. The company has a debt-to-equity ratio of 0.71, a quick ratio of 1.01 and a current ratio of 1.28. The stock has a market capitalization of $4,260.00, a PE ratio of 22.85, a P/E/G ratio of 3.82 and a beta of 1.04.

Flowers Foods (NYSE:FLO) last issued its quarterly earnings data on Wednesday, November 8th. The company reported $0.23 EPS for the quarter, topping analysts’ consensus estimates of $0.20 by $0.03. The business had revenue of $932.80 million for the quarter, compared to analysts’ expectations of $915.55 million. Flowers Foods had a net margin of 2.16% and a return on equity of 15.16%. The business’s revenue was up 1.5% on a year-over-year basis. During the same quarter last year, the company earned $0.21 EPS.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 15th. Shareholders of record on Friday, December 1st will be paid a dividend of $0.17 per share. The ex-dividend date of this dividend is Thursday, November 30th. This represents a $0.68 dividend on an annualized basis and a yield of 3.34%. Flowers Foods’s dividend payout ratio (DPR) is presently 170.00%.

In other news, insider Tonja W. Taylor sold 4,960 shares of Flowers Foods stock in a transaction that occurred on Tuesday, November 21st. The stock was sold at an average price of $19.57, for a total value of $97,067.20. Following the completion of the transaction, the insider now owns 22,055 shares in the company, valued at approximately $431,616.35. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, SVP Karyl H. Lauder sold 28,173 shares of Flowers Foods stock in a transaction that occurred on Tuesday, October 3rd. The stock was sold at an average price of $18.59, for a total value of $523,736.07. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 509,689 shares of company stock valued at $9,743,948. 15.81% of the stock is owned by insiders.

Several institutional investors and hedge funds have recently bought and sold shares of FLO. Teacher Retirement System of Texas grew its holdings in shares of Flowers Foods by 3.3% during the second quarter. Teacher Retirement System of Texas now owns 15,051 shares of the company’s stock valued at $261,000 after buying an additional 480 shares in the last quarter. Botty Investors LLC grew its stake in Flowers Foods by 2.5% in the second quarter. Botty Investors LLC now owns 19,940 shares of the company’s stock valued at $345,000 after purchasing an additional 485 shares in the last quarter. Arcus Capital Partners LLC lifted its position in shares of Flowers Foods by 1.0% in the second quarter. Arcus Capital Partners LLC now owns 60,141 shares of the company’s stock worth $1,041,000 after buying an additional 575 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in shares of Flowers Foods by 10.3% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,710 shares of the company’s stock worth $116,000 after purchasing an additional 629 shares during the last quarter. Finally, FCA Corp TX lifted its position in shares of Flowers Foods by 0.9% during the 2nd quarter. FCA Corp TX now owns 77,717 shares of the company’s stock worth $1,345,000 after purchasing an additional 677 shares during the last quarter. 66.44% of the stock is currently owned by institutional investors.

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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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