Flowers Foods (FLO) Troubled by Volatile Consumer Spending
Flowers Foods (FLO) is grappling with several significant challenges, including cost pressures and fluctuating consumer spending patterns.
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Flowers Foods (FLO) Rewards Investors With Dividend Hike
Flowers Foods (FLO) announced a quarterly dividend increase of 4.3%, showcasing the company's commitment to delivering value to its shareholders.
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Quadrant Capital Group LLC Acquires 7,648 Shares of Flowers Foods, Inc. (NYSE:FLO)
Quadrant Capital Group LLC lifted its holdings in Flowers Foods, Inc. (NYSE:FLO – Free Report) by 326.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 9,991 shares of the company’s stock after purchasing an additional 7,648 shares during the quarter. Quadrant Capital Group LLC’s holdings in Flowers Foods were worth $225,000 as of its most recent filing with the Securities and Exchange Commission (SEC). Other hedge funds and other institutional investors have also recently modified their holdings of the company. HM Payson & Co. purchased a new position in Flowers Foods in the 3rd quarter worth about $30,000. Financial Connections Group Inc. bought a new position in Flowers Foods during the fourth quarter valued at approximately $30,000. NBC Securities Inc. bought a new position in Flowers Foods during the third quarter valued at approximately $32,000. Gladius Capital Management LP boosted its holdings in Flowers Foods by 46.4% in the third quarter. Gladius Capital Management LP now owns 1,539 shares of the company’s stock worth $34,000 after purchasing an additional 488 shares during the last quarter. Finally, GAMMA Investing LLC bought a new stake in Flowers Foods in the 4th quarter worth approximately $34,000. 75.45% of the stock is owned by institutional investors. Wall Street Analysts Forecast Growth FLO has been the topic of several research analyst reports. Deutsche Bank Aktiengesellschaft increased their price target on Flowers Foods from $22.00 to $23.00 and gave the company a “hold” rating in a report on Thursday, May 9th. DA Davidson raised their target price on Flowers Foods from $24.00 to $25.00 and gave the stock a “neutral” rating in a research report on Friday. Finally, StockNews.com downgraded Flowers Foods from a “buy” rating to a “hold” rating in a research note on Friday. Five analysts have rated the stock with a hold rating, According to data from MarketBeat.com, Flowers Foods presently has an average rating of “Hold” and a consensus target price of $24.00. View Our Latest Research Report on FLO Flowers Foods Trading Down 4.1 % NYSE:FLO opened at $24.45 on Monday. The firm has a market capitalization of $5.16 billion, a price-to-earnings ratio of 41.44, a price-to-earnings-growth ratio of 4.00 and a beta of 0.37. The company has a debt-to-equity ratio of 0.76, a current ratio of 1.11 and a quick ratio of 0.82. The business has a fifty day moving average price of $23.94 and a 200-day moving average price of $22.85. Flowers Foods, Inc. has a one year low of $19.64 and a one year high of $28.85. Flowers Foods (NYSE:FLO – Get Free Report) last issued its quarterly earnings results on Thursday, May 16th. The company reported $0.38 EPS for the quarter, missing analysts’ consensus estimates of $0.40 by ($0.02). Flowers Foods had a return on equity of 18.35% and a net margin of 2.45%. The company had revenue of $1.58 billion during the quarter, compared to analysts’ expectations of $1.58 billion. During the same quarter in the previous year, the company earned $0.38 EPS. The business’s quarterly revenue was up 2.8% compared to the same quarter last year. Sell-side analysts forecast that Flowers Foods, Inc. will post 1.25 EPS for the current year. Insiders Place Their Bets In other news, Director Edward J. Jr. Casey purchased 5,000 shares of the company’s stock in a transaction on Tuesday, April 2nd. The stock was acquired at an average cost of $23.55 per share, for a total transaction of $117,750.00. Following the completion of the transaction, the director now directly owns 20,330 shares in the company, valued at approximately $478,771.50. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other Flowers Foods news, Director Edward J. Jr. Casey purchased 5,000 shares of the firm’s stock in a transaction on Tuesday, April 2nd. The shares were acquired at an average cost of $23.55 per share, with a total value of $117,750.00. Following the completion of the acquisition, the director now directly owns 20,330 shares in the company, valued at $478,771.50. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Terry S. Thomas sold 36,577 shares of the company’s stock in a transaction dated Monday, March 11th. The stock was sold at an average price of $23.11, for a total value of $845,294.47. Following the completion of the transaction, the insider now directly owns 42,740 shares of the company’s stock, valued at approximately $987,721.40. The disclosure for this sale can be found here. 11.42% of the stock is owned by company insiders. Flowers Foods Company Profile (Free Report) Flowers Foods, Inc produces and markets packaged bakery food products in the United States. Its principal products include fresh breads, buns, rolls, snack items, bagels, English muffins, and tortillas, as well as frozen breads and rolls under the Nature's Own, Dave's Killer Bread, Wonder, Canyon Bakehouse, Mrs. See Also Five stocks we like better than Flowers Foods Low PE Growth Stocks: Unlocking Investment Opportunities Canada Goose Flies Higher Driven By DTC Growth What is the Dogs of the Dow Strategy? Overview and Examples CVS Health Stock Has a Silver Lining Called Value Profitably Trade Stocks at 52-Week Highs Magnificent 7 Still Magnificent as the Halfway Mark Approaches?
Flowers Foods (FLO) Q1 Earnings Missed Estimates, Sales Up Y/Y
Flowers Foods' (FLO) first-quarter fiscal 2024 results reflect gains from pricing and the Papa Pita acquisition amid soft volumes.
Flowers Foods, Inc. (FLO) Q1 2024 Earnings Call Transcript
Flowers Foods, Inc. (NYSE:FLO ) Q1 2024 Earnings Conference Call May 16, 2024 5:00 AM ET Company Participants J.T. Rieck - EVP, Finance & IR Ryals McMullian - Chairman & CEO Steve Kinsey - CFO Conference Call Participants Stephen Powers - Deutsche Bank Bill Chappell with - Securities Jim Salera - Stephens Mitchell Pinheiro - Sturdivant & Co Connor Rattigan - Consumer Edge Operator Good evening, and thank you for standing by.
Flowers Foods (FLO) Q1 Earnings and Revenues Miss Estimates
Flowers Foods (FLO) came out with quarterly earnings of $0.38 per share, missing the Zacks Consensus Estimate of $0.40 per share. This compares to earnings of $0.38 per share a year ago.
