Flowers Foods was added as a company to be followed by the stock analysts working for StockNews.com, and their report on the company’s coverage was published on Thursday. Customers were encouraged to “buy” the company’s shares on the recommendation of the business.
The most recent quarterly earnings report for Flowers Foods (NYSE: FLO) was released on February 10 after the market had closed for the day.
The company’s quarterly earnings per share came in at $0.23, the same amount the analysts had predicted the company would earn per share for the quarter. Flowers Foods had a return on equity of 18.77 percent, while its net margin was 4.75 percent.
The revenue for the quarter came in at $1.08 billion, which was lower than the prediction that was made before the start of the quarter, which was $1.10 billion on average.
The company reported earnings of $0.20 per share for the same period the year before when compared to the current year. Compared to the current quarter, the previous quarter’s sales of the company’s products and services showed a 10.1% increase.
According to projections offered by experts in equity research, Flowers Foods is anticipated to generate 1.25 cents in profits per share for the current financial year.
On Thursday, the day it opened for business, trading on the NYSE FLO got underway at a price of $27.22.
The price of Flowers Foods has fluctuated significantly over the past year, going from as low as $24.15 to as high as $30.16.
The debt-to-equity ratio is 0.62, the current ratio is 1.43, and the quick ratio is 1.13.
These numbers indicate that the company is financially stable.
The company’s market capitalization is currently sitting at $5.75 billion, while its price-to-earnings ratio stands at 25.44, and its beta coefficient sits at 0.39.
The company’s moving simple average price over the past 50 days is $27.65, and its moving simple average price over the last 200 days is also $27.64.
Separately, in a research note released to the public on Friday, March 3, Deutsche Bank Aktiengesellschaft changed its recommendation for Flowers Foods from “sell” to “hold” and set the price objective for the company at $27.00.
Recent months have seen several institutional investors, including hedge funds and other types of investment funds, adjust the overall number of shares held in their portfolios. Vanguard Group INC increased the amount of Flowers Foods stock owned by 2.2% during the third quarter.
After purchasing an additional 426,547 shares over the month, Vanguard Group INC now owns 19,913,247 of the company’s shares, which have an estimated market value of $491,657,000.
The company acquired these shares, bringing the total number of shares it owns to 19,913,247.
BlackRock INC increased the proportion of Flowers Foods stock owned by 0.3% during the third quarter.
BlackRock INC now has 18,854,729 shares of the company’s stock following the purchase of an additional 59,117 shares during the period in question.
These shares have a combined value of $465,523,000 because BlackRock, INC In the last three months of 2018, Wellington Shields Capital Management LLC made a 2,563.0% increase in the amount of Flowers Foods stock it owned, bringing the total to 100%.
As a result of the purchase of an additional 13,642,655 shares of the company’s stock during the period in question, Wellington Shields Capital Management LLC now holds a total of 14,174,952 shares of the company’s stock.
This gives the company’s stock a market value of $407,388,000.
A 3,245.4% increase in the proportion of Flowers Foods stock that Wellington Shields & Co LLC owns was accomplished during the company’s most recent fiscal quarter. Wellington Shields & Co LLC now directly owns 6,849,098 shares of the company’s stock, which have a value of $196,843,000 after purchasing an additional 6,644,368 shares of the company’s stock throughout the period in question.
And finally, during the first three months of this year, Renaissance Technologies LLC added 8.1% more Flowers Foods stock to its holdings, bringing the total percentage of the company’s stock it owned to 81%.
After making an additional purchase of 450,441 shares during the period, Renaissance Technologies LLC now holds 5,999,785 shares of the company’s stock.
The value of Renaissance Technologies LLC’s holdings in the company’s stock currently is $154,254,000.
Institutional investors and hedge funds hold 66.81% of the company’s outstanding shares.
Flowers Foods, INC is the name of the company responsible for producing and distributing baked goods. Customers in the United States, in either a retail or food service setting, can purchase bakery items from the company above. Some brands it manufactures and distributes include Mrs. Freshley’s, Nature’s Own, Dave’s Killer Bread, Wonder, Canyon Bakehouse, and Tastykake. William Howard Flowers Sr.
Pioneered establishing the business in its current location.