Flowers Foods (NYSE:FLO) Hits New 52-Week Low – Here’s What Happened

Flowers Foods, Inc. (NYSE:FLOGet Free Report)’s share price reached a new 52-week low on Monday . The company traded as low as $20.21 and last traded at $20.22, with a volume of 447241 shares trading hands. The stock had previously closed at $20.78.

Analysts Set New Price Targets

Separately, StockNews.com downgraded Flowers Foods from a “strong-buy” rating to a “buy” rating in a research report on Friday, December 20th.

Get Our Latest Stock Analysis on Flowers Foods

Flowers Foods Price Performance

The business’s 50 day moving average is $21.57 and its two-hundred day moving average is $22.28. The company has a debt-to-equity ratio of 0.75, a quick ratio of 0.95 and a current ratio of 1.24. The firm has a market capitalization of $4.20 billion, a PE ratio of 17.47, a price-to-earnings-growth ratio of 4.02 and a beta of 0.39.

Flowers Foods (NYSE:FLOGet Free Report) last released its quarterly earnings data on Friday, November 8th. The company reported $0.33 EPS for the quarter, beating analysts’ consensus estimates of $0.30 by $0.03. The company had revenue of $1.19 billion during the quarter, compared to analyst estimates of $1.20 billion. Flowers Foods had a net margin of 4.70% and a return on equity of 19.41%. Flowers Foods’s revenue was down .7% compared to the same quarter last year. During the same period last year, the business earned $0.29 earnings per share. Equities research analysts anticipate that Flowers Foods, Inc. will post 1.27 earnings per share for the current fiscal year.

Flowers Foods Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 13th. Investors of record on Friday, November 29th were given a $0.24 dividend. The ex-dividend date was Friday, November 29th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 4.82%. Flowers Foods’s dividend payout ratio (DPR) is presently 84.21%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of FLO. Hexagon Capital Partners LLC bought a new stake in shares of Flowers Foods in the 3rd quarter worth approximately $29,000. Blue Trust Inc. increased its stake in shares of Flowers Foods by 18,254.5% in the third quarter. Blue Trust Inc. now owns 2,019 shares of the company’s stock worth $45,000 after buying an additional 2,008 shares during the period. Capital Performance Advisors LLP bought a new stake in Flowers Foods during the 3rd quarter valued at $52,000. Headlands Technologies LLC purchased a new stake in Flowers Foods during the 2nd quarter valued at $59,000. Finally, Quest Partners LLC grew its stake in shares of Flowers Foods by 329,400.0% in the third quarter. Quest Partners LLC now owns 3,295 shares of the company’s stock worth $76,000 after purchasing an additional 3,294 shares during the last quarter. Hedge funds and other institutional investors own 75.45% of the company’s stock.

About Flowers Foods

(Get 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.

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