Deutsche Bank (DB) Analysts Reiterate a "Hold" Rating on Flowers Foods, Inc. (FLO)
Tuesday, June 28, 2021 12:10 PM

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Equities research analysts at Deutsche Bank (NYSE: DB) reiterated a "hold" rating on shares of Flowers Foods, Inc. (NYSE: FLO) in a research note to investors on Tuesday.

Separately, analysts at Gabelli reiterated a "hold" rating on shares of Flowers Foods, Inc. in a research note to investors on Friday, May 20th. Also, analysts at Longbow Research raised their price target on shares of Flowers Foods, Inc. from $35.00 to $37.00 in a research note to investors on Friday, May 20th. They now have a "buy" rating on the stock.

Shares of Flowers Foods, Inc. traded up 0.09% during mid-day trading on Wednesday, hitting $21.76. Flowers Foods, Inc. has a 52 week low of $15.3133 and a 52 week high of $22.2867. The stock's 50-day moving average is $21.24 and its 200-day moving average is $18.74. The company has a market cap of $1.964 billion and a price-to-earnings ratio of 14.50.

Flowers Foods, Inc. last announced its quarterly results on Thursday, May 19th. The company reported $0.50 earnings per share (EPS) for the previous quarter, beating the Thomson Reuters consensus estimate of $0.46 EPS by $0.04. The company’s quarterly revenue was up .9% on a year-over-year basis. On average, analysts predict that Flowers Foods, Inc. will post $0.24 EPS next quarter.

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).

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