At the time of writing, Flowers Foods, Inc. [FLO] stock is trading at $23.19, up 0.26%. In order to assess the stock’s recent performance, you can check whether its short-term value is rising or falling. The FLO shares have gain 3.80% over the last week, with a monthly amount glided 4.51%, and seem to be holding up well over a long-time horizon.
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On 11, March 2024, FLOWERS FOODS TO PARTICIPATE AT THE BofA SECURITIES 2024 CONSUMER & RETAIL CONFERENCE. In a post published today on Yahoo Finance, Steve Kinsey, chief financial officer and chief accounting officer, and J.T. Rieck, executive vice president of finance and investor relations, of Flowers Foods, Inc. (NYSE: FLO) will participate in a fireside chat at the BofA Securities 2024 Consumer & Retail Conference on Wednesday, March 13, 2024 at 9:40 a.m. ET.
From an analyst’s perspective:
Flowers Foods, Inc. [NYSE: FLO] stock has seen the most recent analyst activity on March 01, 2024, when DA Davidson initiated its Neutral rating and assigned the stock a price target of $24. Previously, Deutsche Bank upgraded its rating to Hold on March 03, 2023, and kept the price target unchanged to $27. On December 06, 2022, downgrade downgraded it’s rating to Sell and revised its price target to $27 on the stock. Stephens initiated its recommendation with a Equal-Weight and recommended $25 as its price target on January 20, 2021. In a note dated January 22, 2020, Jefferies initiated an Hold rating.
For the past year, the stock price of Flowers Foods, Inc. fluctuated between $19.64 and $29.10. Currently, Wall Street analysts expect the stock to reach $26 within the next 12 months. Flowers Foods, Inc. [NYSE: FLO] shares were valued at $23.19 at the most recent close of the market. An investor can expect a potential return of 12.12% based on the average FLO price forecast.
Analyzing the FLO fundamentals
According to Flowers Foods, Inc. [NYSE:FLO], the company’s sales were 5.09B for trailing twelve months, which represents an 4.28% jump. Gross Profit Margin for this corporation currently stands at 0.48% with Operating Profit Margin at 0.04%, Pretax Profit Margin comes in at 0.03%, and Net Profit Margin reading is 0.02%. To continue investigating profitability, this company’s Return on Assets is posted at 0.04, Equity is 0.09 and Total Capital is 0.06. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.81.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 23.05 points at the first support level, and at 22.90 for the second support level. However, for the 1st resistance point, the stock is sitting at 23.33, and for the 2nd resistance point, it is at 23.46.
Flowers Foods, Inc. [FLO] reported earnings per share of $0.2 for its fiscal quarter that ended on 12/30/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $0.21/share, meaning a difference of -$0.01 and a surprise factor of -4.80%. By comparison, the stated earnings for the previous quarter ended on 9/29/2023 were $0.29 per share as compared to estimates of $0.28 per share, a difference of $0.01 representing a surprise of 3.60%.
Ratios To Look Out For
It is important to note that Flowers Foods, Inc. [NYSE:FLO] has a current ratio of 1.04. In addition, the Quick Ratio stands at 0.63 and the Cash Ratio stands at 0.03. Considering the valuation of this stock, the price to sales ratio is 0.96, the price to book ratio is 3.61 and price to earnings (TTM) ratio is 40.13.
Transactions by insiders
Recent insider trading involved KINSEY R STEVE, Chief Financial Officer & CAO, that happened on Dec 20 ’23 when 1780.0 shares were purchased. Chief Legal Counsel, TILLMAN STEPHANIE B completed a deal on Dec 19 ’23 to buy 700.0 shares. Meanwhile, Chairman and CEO McMullian Ryals bought 9100.0 shares on Dec 18 ’23.
