Flowers Foods Inc. (NYSE:FLO) finished Wednesday with an addition of $0.08 to close at $23.58, an upside of 0.34 percent. An average of 1,897,680 shares of common stock have been traded in the last five days. There was a fall of -$1.11 in the past week, and it reached a new high 14 times over the past 12 months. The last 20 days have seen an average of 2,250,545 shares traded, while the 50-day average volume stands at 1,840,196.
FLO stock has decreased by -4.65% in the last month. The company shares reached their 1-month lowest point of $23.26 on 08/22/23. With the stock rallying to its 52-week high on 01/06/23, shares of the company touched a low of $23.26 and a high of $30.16 in 52 weeks. It has reached a new high 3 times so far this year and lost -17.95% or -$5.16 in price. In spite of this, the price is down -21.82% from the 52-week high.
Insider Transactions
FLO stock investors should be aware that Flowers Foods Inc. (FLO) stock had its last reported insider trading activity 57 days ago on Jun 28.
Valuation Metrics
Flowers Foods Inc. (FLO) has a trailing price-to-earnings (P/E) ratio of 22.48. The stock’s beta is 0.42. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 0.99, the price-to-book (PB) ratio at 3.40, and the price-to-cash flow ratio at 29.77.
Financial Health
The quick ratio of Flowers Foods Inc. for the recent quarter was 0.90, 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 recent quarter. Flowers Foods Inc.’s EBITDA margin is 10.28%, while its operating margin for the same period stands at 6.00%. 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 6.60%.
Earnings Surprise
For the recent quarter, Flowers Foods Inc. had $1.07 billion in total debt. In the quarter under review, the net income was down than the previous quarter. The company posted a net income of $63.76 million in the quarter, while revenues were grew 15.81%. Shareholders own equity worth $211.32 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 23 August was 31.64%, suggesting the stock is Neutral, with historical volatility in this time frame at 30.42%.
As of today, FLO’s price is $23.83 -4.50% or -$1.11 from its 5-day moving average. FLO is currently trading -4.69% lower than its 20-day SMA and -13.21% lower than its 100-day SMA. However, the stock’s current price level is -3.91% below the SMA50 and -17.26% below the SMA200.
The stochastic %K and %D were 6.54% and 7.68%, respectively, and the average true range (ATR) was 0.48. With the 14-day stochastic at 10.28% and the average true range at 0.46, the RSI (14) stands at 35.83%. The stock has reached -0.86 on the 9-day MACD Oscillator while the 14-day reading was at -1.01.
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 $25.00 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 $27.67.
