Flowers Foods (NYSE:FLO) : The consensus on Flowers Foods (NYSE:FLO) based on 6 analyst recommendation on the company stock is 2.33, which is interpreted as a Buy recommendation. Zacks Investment Research has issued a rank of 3 which endorses a Hold on the stock. However, 2 brokers have a differing view as they consider the stock to be a Strong Buy at current levels. 4 experts consider that the stocks earnings and the quoted price is in harmony, hence, they give it a Hold rating.
Flowers Foods (NYSE:FLO) : The highest level Flowers Foods (NYSE:FLO) is projected to reach is $23 for the short term and the lowest estimate is at $18. The consolidated price target from 4 rating analysts who initiate coverage on the stock is $21 and the possibility the share price can swing is $2.45.
Company shares have received an average consensus rating of Hold for the current week Also, KeyBanc initiates coverage on Flowers Foods (NYSE:FLO) . Analysts at the KeyBanc have a current rating of Sector Weight on the shares. The rating by the firm was issued on May 26, 2016.
Flowers Foods (NYSE:FLO): stock turned positive on Tuesday. Though the stock opened at $18.23, the bulls momentum made the stock top out at $18.32 level for the day. The stock recorded a low of $18.07 and closed the trading day at $18.21, in the green by 0.44%. The total traded volume for the day was 1,962,551. The stock had closed at $18.13 in the previous days trading.
In an insider trading activity, Tashie Joseph G, officer (President – Flowers Cake Group) of Flowers Foods Inc, unloaded 24,800 shares at an average price of $18.69 on June 7, 2016. The total amount of the transaction was worth $463,512, according to the disclosed information with the Securities and Exchange Commission in a Form 4 filing.
Flowers Foods, Inc. (Flowers) is a producer and marketer of a line of bakery products on a national and super-regional basis. The Company operates in two segments: a direct-store-delivery segment (DSD Segment) and a warehouse delivery segment (Warehouse Segment). The DSD Segment operates 38 bakeries that market a variety of fresh bakery foods, including breads, buns, rolls, tortillas and snack cakes. The Warehouse Segment produces frozen bread and rolls, and snack products. It operates eight bakeries that produce snack cakes, breads and rolls for national retail, foodservice, vending, and co-pack customers, which are delivered through customers warehouse channels and one bakery mix plant. The company operates 46 bakeries, of which 44 are owned and two are leased, and one mix plant.