Flowers Foods (FLO) : Traders are bullish on Flowers Foods (FLO) as it has outperformed the S&P 500 by a wide margin of 3.34% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 5.06%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 5.62% in the last 1 week, and is up 1.25% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
The stock has recorded a 20-day Moving Average of 2.79% and the 50-Day Moving Average is 7.01%.The 200 Day SMA reached 15.65% Flowers Foods, Inc. has dropped 12.98% during the last 3-month period . Year-to-Date the stock performance stands at -26.22%.
Flowers Foods (FLO) : The most positive equity analysts on Flowers Foods (FLO) expects the shares to touch $20, whereas, the least positive believes that the stock will trade at $4 in the short term. The company is covered by 4 Wall Street Brokerage Firms. The average price target for shares are $13.75 with an expected fluctuation of $6.85 from the mean.
Company shares have received an average consensus rating of Hold for the current week Flowers Foods (NYSE:FLO): The stock opened at $15.34 and touched an intraday high of $15.465 on Friday. During the day, the stock corrected to an intraday low of $15.13, however, the bulls stepped in and pushed the price higher to close in the green at $15.42 with a gain of 0.33% for the day. The total traded volume for the day was 4,036,817. The stock had closed at $15.42 in the previous trading session.
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.