At the last check on Thursday, Flowers Foods Inc.’s (NYSE:FLO) stock was down -$0.38, moving down -1.54 percent to $24.31. The average number of shares traded per day over the past five days has been 1,721,483 shares. 1 time new highs have been achieved over the past 5 days, with a -$0.35 fall in that time frame. In the last twenty days, the average volume was 2,067,461, while in the previous 50 days, it was 1,807,726.
Since last month, FLO stock retreated -0.61%. Shares of the company fell to $23.93 on 07/18/23, the lowest level in the past month. A 52-week high of $30.16 was reached on 01/06/23 after having rallying from a 52-week low of $23.87. Since the beginning of this year, FLO’s stock price has dropped by -15.41% or -$4.32, and marked a new high 3 times. However, the stock has declined by -19.40% since its 52-week high.
FLO stock investors should be aware that Flowers Foods Inc. (FLO) stock had its last reported insider trading activity 50 days ago on Jun 28. COURTNEY H MARK, the Chief Brand Officer of the company, disposed of 14,272 shares for $24.39 on Jun 28. It resulted in a $348,094 divestment by the insider. Chubb Thomas Caldecot III added 2,000 shares at an average price of $28.42 on Dec 20. The insider now owns 25,051 shares following the transaction. On Aug 23, Director Chubb Thomas Caldecot III bought 3,000 shares at $27.50 apiece. The transaction was valued at $82,500.
Valuation Metrics
Right now, Flowers Foods Inc. (FLO) has a P/E ratio of about 24.29. The stock’s beta is 0.40. Besides these, the trailing price-to-sales (P/S) ratio of 1.01, the price-to-book (PB) ratio of 3.55, and the price-to-cash flow ratio of 25.76 may also be considered.
The latest dividend of $0.23 per share was paid out, which is 4.55% more than last year’s $0.22. On Thursday May 25 2023, a $0.01 dividend increase was announced.
Financial Health
In the three months ended June 29, Flowers Foods Inc.’s quick ratio stood at 0.80, while its current ratio was 1.30, showing that the company is not able to pay off its debt. According to company report, the long-term debt-to-equity ratio for the quarter ending June 29 was 0.73, and the total debt-to-equity ratio was 0.74. On the profitability front, the trailing twelve-month gross margin is 47.40% percent. In the year ended June 29, EBITDA margin amounted to 10.28%, whereas operating margins totaled 6.20%. Based on annual data, FLO earned $2.3 billion in gross profit and brought in $4.81 billion in revenue.
A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was 9.90%. Return on equity (ROE) for the past 12 months was 15.80%.
In Flowers Foods Inc.’s quarter-end financial report for June 29, it reported total debt of $1.07 billion. According to the earnings report, the company had a lower net income in the recent quarter than it did in the previous quarter. FLO’s revenue rose 8.06% to $1.53 billion during the quarter, while net income inched up to $1.23 billion. While analysts expected Flowers Foods Inc. to report $0.28 quarterly earnings, the actual figure was $0.33 per share, beating the consensus estimate by 17.90%. During the quarter, the company generated $123.54 million in EBITDA. The liabilities of Flowers Foods Inc. were 2.04 billion at the end of its most recent quarter ended June 29, and its total debt was $1.37 billion. The value of shareholders’ equity is $211.32 million.
Technical Picture
This quick technical analysis looks at Flowers Foods Inc.’s (FLO) price momentum. With a historical volatility rate of 27.62%, the RSI 9-day stood at 40.09% on 16 August.
With respect to its five-day moving average, the current Flowers Foods Inc. price is down by -1.41% percent or -$0.35. At present, FLO shares trade -1.09% below its 20-day simple moving average and -10.58% percent below its 100-day simple moving average. However, the stock is currently trading approximately -2.09% below its SMA50 and -14.44% below its SMA200.
Stochastic coefficient K was 13.50% and Stochastic coefficient D was 31.63%, while ATR was 0.47. Given the Stochastic reading of 5.91% for the 14-day period, the RSI (14) reading has been calculated as 43.35%. As of today, the MACD Oscillator reading stands at -0.28, while the 14-day reading stands at -0.25.
Analyst Ratings
Deutsche Bank upgraded its rating on Flowers Foods Inc. (NYSE: FLO) to a Hold in a note to investors on March 03, 2023. The analysts firm previously had a Sell rating on the stock.Flowers Foods Inc. (FLO) has been rated Hold by analysts. According to 0 brokerage firms, FLO is a sell, and 5 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 0 analysts rate Flowers Foods Inc. stock as buy, with 1 recommending it as overweight.
With a median target price of $26.00, the current consensus forecast for the stock is $25.00 – $33.00. Based on these forecasts, analysts predict Flowers Foods Inc. (FLO) will achieve an average price target of $27.67.
