Flowers Foods Inc. (NYSE:FLO) finished Wednesday with an addition of $0.14 to close at $24.84, an upside of 0.57 percent. An average of 1,601,180 shares of common stock have been traded in the last five days. There was a fall of -$0.27 in the past week, and it reached a new high 16 times over the past 12 months. The last 20 days have seen an average of 2,029,265 shares traded, while the 50-day average volume stands at 1,844,416.
FLO stock has increased by 2.60% in the last month. The company shares reached their 1-month lowest point of $23.87 on 07/17/23. With the stock rallying to its 52-week high on 01/06/23, shares of the company touched a low of $23.87 and a high of $30.16 in 52 weeks. It has reached a new high 3 times so far this year and lost -13.57% or -$3.90 in price. In spite of this, the price is down -17.64% from the 52-week high.
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Insider Transactions
FLO stock investors should be aware that Flowers Foods Inc. (FLO) stock had its last reported insider trading activity 43 days ago on Jun 28. In this transaction, the insider spent $348,094. President and CEO, McMullian Ryals, disposed of 143,020 shares at a price of $27.97 on Aug 18. The insider now owns more than $3,999,983 worth of shares.
Valuation Metrics
Flowers Foods Inc. (FLO) has a trailing price-to-earnings (P/E) ratio of 24.82. The stock’s beta is 0.41. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 1.08, the price-to-book (PB) ratio at 3.63.
The company has a payout ratio of 87.50%. The company’s most recent quarterly dividend payment was $0.23 a share, representing a up of 4.55% from $0.22 last year. Its latest increase dividend $0.01 reported on Thursday May 25 2023.
Financial Health
The quick ratio of Flowers Foods Inc. for the three months ended March 30 was 0.80, and the current ratio was 1.30, indicating that the company is not able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 0.73 and a total debt to equity ratio of 0.74 for the quarter ending March 30. Its gross profit as reported stood at $2.3 billion compared to revenue of $4.81 billion.
For investors, determining the potential profitability of the investment also depends on the performance of the company’s management. In the past 12 months, Flowers Foods Inc.’s return on assets was 6.30%.
Earnings Surprise
For the three-month period that ended March 30, Flowers Foods Inc. had $1.06 billion in total debt. In the quarter under review, the net income was up than the previous quarter. The company posted a net income of $70.71 million in the quarter, while revenues of $48.6 million were shrunk -21.04%. The analyst consensus anticipated Flowers Foods Inc.’s latest quarter earnings to come in at $0.38 per share, but it turned out to be $0.38, a 0.00% surprise. For the quarter, EBITDA amounted to $137.5 million. Shareholders own equity worth $211.85 million.
Technical Picture
From a technical analysis perspective, let’s take a brief look at Flowers Foods Inc. (FLO) price momentum. RSI 9-day as of the close on 09 August was 52.96%, suggesting the stock is Neutral, with historical volatility in this time frame at 12.39%.
As of today, FLO’s price is $24.90 -1.08% or -$0.27 from its 5-day moving average. FLO is currently trading +1.64% higher than its 20-day SMA and -9.61% lower than its 100-day SMA. However, the stock’s current price level is -3.72% below the SMA50 and -7.04% below the SMA200.
The stochastic %K and %D were 54.92% and 65.36%, respectively, and the average true range (ATR) was 0.35. With the 14-day stochastic at 47.93% and the average true range at 0.36, the RSI (14) stands at 51.46%. The stock has reached -0.01 on the 9-day MACD Oscillator while the 14-day reading was at 0.05.
Analyst Ratings
Deutsche Bank upgraded Flowers Foods Inc. (NYSE: FLO) to a a Hold rating in its most recent analyst report. Previously, the stock was rated as a Sell. The consensus rating for Flowers Foods Inc. (FLO) among analysts is Hold. According to current brokerage recommendations, 0 brokerage firms advise that investors sell FLO, while 5 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 0 analysts, while 1 others rate it as a “buy”.
What is FLO’s price target for the next 12 months?
Analysts predict a range of price targets between $24.00 and $33.00, with a median target of $26.00. Taking a look at these predictions, the average price target given by analysts for Flowers Foods Inc. (FLO) stock is $27.33.
