Analyst Expects Flowers Foods, Inc. (NYSE: FLO) To Make Big Moves

After Hours

There may be slightly higher risks associated with pre-market and after-hours trading than during regular market hours. Due to the fact that issuers often announce critical financial information outside of regular trading hours, extended-hours trading may result in wider spreads for particular securities. Earlier, Yahoo Finance discussed this stock as it revealed FLOWERS FOODS DECLARES DIVIDEND.

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Stocks Info

As a NYSE listed company, FLO falls under the Consumer Defensive sector while operating within the Packaged Foods industry segment. At the end of the last regular session, the stock closed at $23.02 and fluctuated between $23.20 as its day high and $22.91 as its day low. The current market capitalization of Flowers Foods, Inc. is $4.85B. A total of 0.7 million shares were traded on the day, compared to an average of 1.17M shares.

Insider Activity

Aside from predicting where a stock will go, investors also consider insider trades as an indicator of the stock’s future direction. During the recent three months, FLO has seen 1 BUY and 0 SELL insider trades, representing the acquisition of 1,297 and the disposition of 0 shares. Over the last 12 months, there were 14 BUYs and 11 SELLs from insiders. Insiders purchased 165,847 shares during that period but sold 55,015.

In the most recent transaction, KINSEY R STEVE bought 1,780 shares of FLO for 22.46 per share on Dec 20. After the transaction, the Chief Financial Officer & CAO now owns 399,520 company shares. In a previous transaction on Dec 19, TILLMAN STEPHANIE B bought 700 shares at 22.37 per share. FLO shares that Chief Legal Counsel owns now total 25,579.

Among the insiders who bought shares, McMullian Ryals acquired of 9,100 shares on Dec 18 at a per-share price of $21.99. This resulted in the Chairman and CEO holding 849,028 shares of FLO after the transaction. In another insider transaction, COURTNEY H MARK sold 14,272 shares at $24.39 per share on Jun 28. Company shares held by the Chief Brand Officer now total 41,488.

Dividend

Investors prefer companies that pay dividends because dividends generate immediate cash flow and indicate a positive outlook. Flowers Foods, Inc. pays an annual dividend of $0.91, resulting in a dividend yield of 3.95%, and it has a price to earnings (P/E) ratio of 39.84. FLO’s most recent ex-dividend date was 2/29/2024 when it declared a $0.23 quarterly dividend that was paid in cash on 3/15/2024. Previously, the company paid the dividend on 12/15/2023 with an ex-dividend date of 11/30/2023. The FLO stock dividend was $0.23 per share in cash.

In spite of price targets being rarely accurate, it tends to exert some kind influence from time to time, and was often accepted by the market as having some value. According to analysts who have offered 12-month price targets for FLO in the last 3 months, the mean price target is $24.00 with high estimates of $30.00 and low estimates of $22.00. In terms of 52-week highs and lows, FLO has a high of $29.10 and a low of $19.64.

As of this writing, FLO has an earnings estimate of $0.41 per share for the current quarter. EPS was calculated based on a consensus of 5 estimates, with a high estimate of $0.43 per share and a lower estimate of $0.4. The company reported an EPS of $0.29 in the last quarter, which was 3.60% higher than expectations of $0.28.

Balance Sheet Annually/Quarterly

The balance sheet of a company shows what assets and liabilities a company has, as well as the amount, equity investors have invested. With the help of this information, a company’s financial ratios can be calculated to give investors an overview of the company’s prospects. FLO’s latest balance sheet shows that the firm has $185.87M in Cash & Short Term Investments as of fiscal 2021. There were $1.21B in debt and $519.92M in liabilities at the time. Its Book Value Per Share was $6.42, while its Total Shareholder’s Equity was $1.41B.

Analysts Opinion

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside 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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