Flowers Foods (NYSE: FLO)‘s stock had its “hold” rating reaffirmed by equities research analysts at Deutsche Bank (NYSE: DB) in a research note issued to investors on Thursday. The analysts currently have a $20.00 price target on the stock.
Separately, analysts at Longbow Research cut their price target on shares of Flowers Foods from $26.00 to $24.00 in a research note to investors on Thursday, August 18th. They now have a “buy” rating on the stock.
Flowers Foods, Inc. (Flowers Foods) is a producer and marketer of bakery products in the United States. The company consists of two segments: direct-store-delivery (DSD) and warehouse delivery. The DSD segment focuses on the production and marketing of bakery products to United States customers in the Southeast, Mid-Atlantic and Southwest, as well as markets in California and Nevada primarily through its direct-store-delivery system. The warehouse delivery segment produces snack cakes for sale to co-pack, retail and vending customers, as well as frozen bread, rolls and buns. The Company’s branded products include Flowers, Sunbeam, Mrs. Freshley’s, Nature’s Own, Roman Meal, Snack Away, Whitewheat, Bunny, European Bakers, Cobblestone Mill, Holsum, Broad Street Bakery, BlueBird, Aunt Hattie’s, Leo’s, ButterKrust, Country Hearth, Juarez, Dandee, Mary Jane and Ideal. During fiscal 2009, Flowers Foods acquired Leo’s Foods, Inc., a tortilla facility located in Ft. Worth, Texas (Leo’s).
Flowers Foods last announced its quarterly results on Thursday, November 10th. The company reported $0.23 earnings per share (EPS) for the previous quarter, meeting the Thomson Reuters consensus estimate of $0.23 EPS. The company’s quarterly revenue was up 13.0% on a year-over-year basis. On average, analysts predict that Flowers Foods will post $0.23 EPS next quarter.
Shares of Flowers Foods traded up 0.49% during mid-day trading on Thursday, hitting $20.52. Flowers Foods has a 52 week low of $15.9533 and a 52 week high of $23.13. The stock’s 50-day moving average is $19.6 and its 200-day moving average is $20.. The company has a market cap of $2.799 billion and a price-to-earnings ratio of 21.20.
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