Flowers Foods Inc. (NYSE:FLO) saw an upside of 0.74% to $25.12 after adding $0.18 on Monday. The 5-day average trading volume is 1,199,897 shares of the company’s common stock. It has gained $25.28 in the past week and touched a new high 2 times within the past 5 days. An average of 1,950,664 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 1,810,354.
FLO’s 1-month performance is 3.91% or $0.89 on its low of $23.87 reached on 07/17/23. The company’s shares have touched a 52-week low of $23.87 and high of $30.16, with the stock’s rally to the 52-week high happening on 01/06/23. YTD, FLO has lost -12.58% or -$3.67 and has reached a new high 3 times. However, the current price is down -16.69% from the 52-week high price.
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Insider Transactions
FLO stock investors last saw insider trading activity on Jun 28.COURTNEY H MARK (Chief Brand Officer) most recently sold 14,272 shares at $24.39 per share on Jun 28. This transaction cost the insider $348,094. President and CEO, McMullian Ryals, sold 143,020 shares at a price of $27.97 on Aug 18.
Valuation Metrics
FLO stock has a beta of 0.40. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 1.09 while the price-to-book (PB) in the most recent quarter is 3.67.
Flowers Foods Inc.’s quick ratio for the period ended March 30 was 0.80, with the current ratio over the same period at 1.30. As well, the company’s long term debt to equity for the quarter ending March 30 was 0.73, while the total debt to equity was 0.74. In terms of profitability, the gross margin trailing 12 months is 47.40%. The trailing 12-month EBITDA margin is 10.28% while for the period ending March 30, Flowers Foods Inc.’s operating margin was 5.80%. The firm’s gross profit as reported stood at $2.3 billion against revenue of $4.81 billion.
Earnings Surprise
For the quarterly period ending March 30 this year, Net income and sales went up compared to those figures reported in the previous quarter. Net income shrunk -21.04% to $70.71 million, while revenue of $48.6 million was 31.27% off the previous quarter. Analysts expected FLO to announce $0.38 per share in earnings in its latest quarter, but it posted $0.38, representing a 0.00% surprise. EBITDA for the quarter stood at more than $137.5 million. FLO stock balance sheet for the quarter ending March 30 shows that total liabilities totaled 2.02 billion, with total debt at $1.36 billion. Shareholders hold equity totaling $211.85 million.
Let’s look briefly at Flowers Foods Inc. (FLO) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 04 August was 63.50% to suggest the stock is trending Neutral, with historical volatility in this time period at 10.66%.
The stock’s 5-day moving average is $24.97, reflecting a +1.44% or $0.36 change from its current price. FLO is currently trading +3.49% above its 20-day SMA, -7.75% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by -3.60% and SMA200 by-7.30%.
Stochastic %K and %D was 78.35% and 79.85% and the average true range (ATR) pointed at 0.33. The RSI (14) points at 57.16%, while the 14-day stochastic is at 80.09% with the period’s ATR at 0.35. The stock’s 9-day MACD Oscillator is pointing at 0.16 and 0.22 on the 14-day charts.
Analyst Ratings
In the most recent analyst report for Flowers Foods Inc. (NYSE: FLO), Deutsche Bank upgraded it to a Hold rating. They previously had a Sell rating on the stock. Analysts offering their rating for FLO stock have a consensus rating for the stock as Hold. Currently, 0 brokerage advisors rate FLO as a “sell,”, while 5 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 0 rates the stock as overweight while 1 have offered a “buy” rating.
What is FLO’s price target for the next 12 months?
Analysts have a consensus price target ranging from a low of $24.00 and a high of $33.00, with their median price target at $26.00. Looking at these predictions, the average price target given by analysts is for Flowers Foods Inc. (FLO) stock is $27.33.
