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Monday, June 5, 2023

Flowers Foods Inc. (NYSE: FLO): Is It A Buying Opportunity Again?

After Hours

After-hours and pre-market trading may carry slightly higher risks than regular market hours. As issuers often announce important financial information outside regular trading hours, extended-hours trading may result in wider spreads for a particular security. That is because extended-hours trading may result in lower liquidity and higher volatility. After-hours trades for Flowers Foods Inc. (FLO) shows that investor sentiment remained intact, with the stock’s consolidated last price rising by $0.14, or 0.49%, to $28.58. The Flowers Foods Inc. has recorded 14,337 volume in the after hours trading session. The stock was recently discussed on Yahoo Finance as it revealed that Flowers Foods to Report First Quarter 2023 Results Announcement.

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Stocks Info

FLO belongs to the Consumer Defensive sector of the NYSE while operating in the Packaged Foods industry. At the end of the last regular session, the stock closed at $28.44 and fluctuated between $28.72 as its day high and $28.42 as its day low. The current market capitalization of Flowers Foods Inc. is $6.04B. A total of 1.24 million shares were traded on the day, compared to an average of 1.77M shares.

Insider Activity

Investors also take into account insider trades in predicting how the stock will perform in the future. During the recent three months, FLO has seen 15 BUY and 14 SELL insider trades, representing the acquisition of 465,158 and the disposition of 185,740 shares. Over the last 12 months, there were 32 BUYs and 29 SELLs from insiders. Insiders purchased 536,717 shares during that period but sold 618,146.

In the most recent transaction, Chubb Thomas Caldecot III bought 2,000 shares of FLO for 28.42 per share on Dec 20. After the transaction, the Director now owns 25,051 company shares. In a previous transaction on Aug 23, Chubb Thomas Caldecot III bought 3,000 shares at 27.50 per share. FLO shares that Director owns now total 23,051.

Among the insiders who sold shares, McMullian Ryals disposed of 143,020 shares on Aug 18 at a per-share price of $27.97. This resulted in the President and CEO holding 1,781,580 shares of FLO after the transaction. In another insider transaction, STITH MELVIN T bought 7 shares at $26.80 per share on Jul 20. Company shares held by the Director now total 77.


Paying dividends generates immediate cash flow for investors and indicates a positive outlook for the company. Flowers Foods Inc. pays an annual dividend of $0.88, resulting in a dividend yield of 3.09%, and it has a price to earnings (P/E) ratio of 26.55. FLO’s most recent ex-dividend date was 3/2/2023 when it declared a $0.22 quarterly dividend that was paid in cash on 3/17/2023. Previously, the company paid the dividend on 12/16/2022 with an ex-dividend date of 12/1/2022. The FLO stock dividend was $0.22 per share in cash.

While price targets are rarely accurate, they tend to exert some kind of influence from time to time and are often taken into account by investors. According to analysts who have offered 12-month price targets for FLO in the last 3 months, the mean price target is $28.83 with high estimates of $33.00 and low estimates of $26.00. In terms of 52-week highs and lows, FLO has a high of $30.16 and a low of $24.15.

As of this writing, FLO has an earnings estimate of $0.38 per share for the current quarter. EPS was calculated based on a consensus of 6 estimates, with a high estimate of $0.42 per share and a lower estimate of $0.33. The company reported an EPS of $0.3 in the last quarter, which was 7.10% higher than expectations of $0.28.

Balance Sheet Annually/Quarterly

An organization’s balance sheet depicts the assets and liabilities it has, as well as the amount of equity invested. Investors can measure a company’s prospects by calculating its financial ratios using this information. FLO’s latest balance sheet shows that the firm has $185.87M in Cash & Short Term Investments as of fiscal 2021. There were $1.19B in debt and $519.92M in liabilities at the time. Its Book Value Per Share was $6.83, while its Total Shareholder’s Equity was $1.41B.

Analysts Opinion

There is a slight risk associated with trading before and after the market open. Due to lower liquidity and higher volatility, extended-hours trading may result in wider spreads on particular security due to the release of critical financial information after regular trading hours. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for FLO is Buy with a score of 3.00.

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