Flowers Foods (NYSE:FLO) Upgraded at StockNews.com

Flowers Foods (NYSE:FLO) was upgraded by StockNews.com from a “buy” rating to a “strong-buy” rating in a report released on Thursday.

Flowers Foods Trading Down 0.2 %

Shares of FLO opened at $21.20 on Thursday. The company has a current ratio of 1.24, a quick ratio of 0.95 and a debt-to-equity ratio of 0.75. The firm’s 50-day moving average is $22.29 and its two-hundred day moving average is $22.56. Flowers Foods has a twelve month low of $20.95 and a twelve month high of $26.12. The firm has a market capitalization of $4.46 billion, a P/E ratio of 18.61, a PEG ratio of 4.04 and a beta of 0.37.

Flowers Foods (NYSE:FLO) last issued its earnings results on Friday, November 8th. The company reported $0.33 earnings per share for the quarter, topping the consensus estimate of $0.30 by $0.03. Flowers Foods had a net margin of 4.70% and a return on equity of 19.41%. The company had revenue of $1.19 billion for the quarter, compared to analyst estimates of $1.20 billion. During the same period in the prior year, the business posted $0.29 earnings per share. The firm’s revenue for the quarter was down .7% compared to the same quarter last year. On average, research analysts predict that Flowers Foods will post 1.27 earnings per share for the current fiscal year.

Institutional Trading of Flowers Foods

Hedge funds have recently bought and sold shares of the company. Hexagon Capital Partners LLC acquired a new stake in Flowers Foods during the third quarter worth approximately $29,000. Blue Trust Inc. boosted its position in Flowers Foods by 18,254.5% during the third quarter. Blue Trust Inc. now owns 2,019 shares of the company’s stock worth $45,000 after acquiring an additional 2,008 shares during the last quarter. Capital Performance Advisors LLP purchased a new position in Flowers Foods during the third quarter worth approximately $52,000. Headlands Technologies LLC purchased a new position in Flowers Foods during the second quarter worth approximately $59,000. Finally, Quest Partners LLC raised its stake in Flowers Foods by 329,400.0% during the third quarter. Quest Partners LLC now owns 3,295 shares of the company’s stock worth $76,000 after purchasing an additional 3,294 shares during the period. Institutional investors and hedge funds own 75.45% of the company’s stock.

About Flowers Foods

Flowers Foods, Inc produces and markets packaged bakery food products in the United States. Its principal products include fresh breads, buns, rolls, snack items, bagels, English muffins, and tortillas, as well as frozen breads and rolls under the Nature's Own, Dave's Killer Bread, Wonder, Canyon Bakehouse, Mrs.