Deutsche Bank Maintains Flowers Foods to Hold with Price Target $19.00

Brokerage firm Deutsche Bank Maintains its rating on Flowers Foods(NYSE:FLO). In a research note issued to the investors, the brokerage major Raises the price-target to $19.00 per share. The shares have been rated Hold. The rating by Deutsche Bank was issued on Aug 5, 2016.

In a different note, KeyBanc said it Initiates Coverage on Flowers Foods, according to a research note issued on May 26, 2016. The shares have been rated ‘Sector Weight’ by the firm.

Flowers Foods (FLO) shares turned negative on Wednesdays trading session with the shares closing down -0.12 points or -0.78% at a volume of 33,61,422. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $15.75. The peak price level was also seen at $15.75 while the days lowest was $15.19. Finally the shares closed at $15.34. The 52-week high of the shares is $27.31 while the 52-week low is $14.35. According to the latest information available, the market cap of the company is $3,173 M.

Flowers Foods(FLO) last announced its earnings results on May 18, 2016 for Fiscal Year 2016 and Q1.Company reported revenue of $1.20B. Analysts had an estimated revenue of $1.22B. Earnings per share were $0.29. Analysts had estimated an EPS of $0.29.

Several Insider Transactions has been reported to the SEC. On Jul 1, 2016, Robert L Jr Benton (SVP/ChiefManufacturingOfficer) sold 12,065 shares at $18.47 per share price.Also, On Jun 29, 2016, Karyl H Lauder (SVP & Chief Accounting Officer) sold 23,500 shares at $17.96 per share price.On Jun 7, 2016, Joseph G Tashie (President – Flowers Cake Group) sold 24,800 shares at $18.69 per share price, according to the Form-4 filing with the securities and exchange commission.

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.

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