Flowers Foods (NYSE:FLO) Hits New 52-Week Low – Here’s What Happened

by · The Markets Daily

Flowers Foods, Inc. (NYSE:FLO – Get Free Report)’s share price hit a new 52-week low during trading on Tuesday . The stock traded as low as $6.27 and last traded at $6.25, with a volume of 5666093 shares trading hands. The stock had previously closed at $6.27.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on FLO shares. Zacks Research raised Flowers Foods from a “strong sell” rating to a “hold” rating in a research note on Thursday, May 21st. Weiss Ratings upgraded shares of Flowers Foods from a “sell (d)” rating to a “sell (d+)” rating in a research note on Thursday, August 27th. Jefferies Financial Group set a $7.00 target price on shares of Flowers Foods in a research report on Monday, August 3rd. Finally, Stephens cut their target price on shares of Flowers Foods from $8.00 to $6.00 and set an “equal weight” rating on the stock in a research note on Monday, August 24th. Four equities research analysts have rated the stock with a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Reduce” and a consensus price target of $7.60.

Read Our Latest Research Report on Flowers Foods

Flowers Foods Price Performance

The business has a 50-day moving average of $7.59 and a 200 day moving average of $8.06. The company has a current ratio of 0.77, a quick ratio of 0.57 and a debt-to-equity ratio of 0.97. The firm has a market capitalization of $1.32 billion, a P/E ratio of 24.04 and a beta of 0.39.

Flowers Foods (NYSE:FLO – Get Free Report) last announced its quarterly earnings data on Thursday, August 20th. The company reported $0.21 EPS for the quarter, missing analysts’ consensus estimates of $0.22 by ($0.01). The firm had revenue of $1.19 billion during the quarter, compared to analyst estimates of $1.23 billion. Flowers Foods had a net margin of 1.06% and a return on equity of 14.91%. The company’s revenue was down 4.0% on a year-over-year basis. During the same period last year, the business posted $0.28 EPS. Flowers Foods has set its FY 2026 guidance at 0.750-0.850 EPS. On average, sell-side analysts predict that Flowers Foods, Inc. will post 0.79 earnings per share for the current fiscal year.

Flowers Foods Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 25th. Stockholders of record on Friday, September 11th will be given a dividend of $0.125 per share. The ex-dividend date of this dividend is Friday, September 11th. This represents a $0.50 annualized dividend and a dividend yield of 8.0%. Flowers Foods’s payout ratio is presently 192.31%.

Hedge Funds Weigh In On Flowers Foods

A number of hedge funds have recently added to or reduced their stakes in the stock. Corient Private Wealth LP bought a new stake in shares of Flowers Foods in the 2nd quarter worth $5,699,000. BlackRock Inc. bought a new position in shares of Flowers Foods during the second quarter valued at about $273,587,000. Bank of New York Mellon Corp purchased a new position in Flowers Foods during the second quarter worth about $12,070,000. Connor Clark & Lunn Investment Management Ltd. purchased a new position in Flowers Foods during the second quarter worth about $8,360,000. Finally, Bank of America Corp DE grew its position in Flowers Foods by 21.1% in the 1st quarter. Bank of America Corp DE now owns 1,862,467 shares of the company’s stock worth $15,179,000 after purchasing an additional 324,229 shares in the last quarter. Institutional investors and hedge funds own 75.45% of the company’s stock.

About Flowers Foods

(Get Free Report)

Flowers Foods, Inc is one of the largest producers of packaged bakery foods in the United States, offering a variety of fresh bread, buns, rolls, snack cakes and tortillas. Headquartered in Thomasville, Georgia, the company operates an extensive network of bakeries and distribution centers that serve retail grocery chains, convenience stores, mass merchandisers and foodservice customers nationwide. Flowers Foods markets its products under well-known brands such as Nature’s Own, Wonder, Dave’s Killer Bread, Mrs.

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