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Flowers Foods Inc. (FLO) – The 8.38% Upside Potential Remains

Flowers Foods Inc. (NYSE: FLO) is -7.55% lower on its value in year-to-date trading and has touched a low of $24.15 and a high of $30.16 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The FLO stock was last observed hovering at around $26.59 in the last trading session, with the day’s loss setting it -0.02% off its average median price target of $29.00 for the next 12 months. It is also 19.48% off the consensus price target high of $33.00 offered by 5 analysts, but current levels are 5.11% higher than the price target low of $28.00 for the same period.

Currently trading at $26.57, the stock is -5.87% and -7.40% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.19 million and changing -0.08% at the moment leaves the stock -2.39% off its SMA200. FLO registered -7.55% loss for a year compared to 6-month gain of -3.14%.

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The stock witnessed a -8.51% loss in the last 1 month and extending the period to 3 months gives it a -1.63%, and is -5.07% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 2.19% over the week and 1.54% over the month.

Flowers Foods Inc. (FLO) has around 8900 employees, a market worth around $5.63B and $4.71B in sales. Current P/E ratio is 25.87 and Fwd P/E is 19.93. Profit margin for the company is 4.70%. Distance from 52-week low is 10.02% and -11.90% from its 52-week high. The company has generated returns on investments over the last 12 months (9.20%).

Flowers Foods Inc. (FLO) Analyst Forecasts

Analyst recommendations provided by FactSet shows that the consensus forecast for Flowers Foods Inc. (FLO) is a “Hold”. 5 analysts offering their recommendations for the stock have an average rating of 3.00, where 4 rate it as a Hold and 0 think it is a “Overweight”. 1 of the analysts rate the stock as a “Buy”. 0 analysts have rated the stock as a Sell or Underperform.

Flowers Foods Inc. is expected to release its quarterly report on 05/17/2023.The EPS is expected to grow by 34.90% this year.

Flowers Foods Inc. (FLO) Top Institutional Holders

The shares outstanding are 212.02M, and float is at 195.38M with Short Float at 2.91%.

Flowers Foods Inc. (FLO) Insider Activity

A total of 9 insider transactions have happened at Flowers Foods Inc. (FLO) in the last six months, with sales accounting for 4 and purchases happening 5 times. The most recent transaction is an insider purchase by Chubb Thomas Caldecot III,the company’sDirector. SEC filings show that Chubb Thomas Caldecot III bought 2,000 shares of the company’s common stock on Dec 20 at a price of $28.42 per share for a total of $56840.0. Following the purchase, the insider now owns 25051.0 shares.

Flowers Foods Inc. disclosed in a document filed with the SEC on Aug 23 that Chubb Thomas Caldecot III (Director) bought a total of 3,000 shares of the company’s common stock. The trade occurred on Aug 23 and was made at $27.50 per share for $82500.0. Following the transaction, the insider now directly holds 23051.0 shares of the FLO stock.

Still, SEC filings show that on Aug 18, McMullian Ryals (President and CEO) disposed off 143,020 shares at an average price of $27.97 for $4.0 million. The insider now directly holds 1,781,580 shares of Flowers Foods Inc. (FLO).

Flowers Foods Inc. (FLO): Who are the competitors?

The company’s main competitors (and peers) include Post Holdings Inc. (POST) that is trading 21.52% up over the past 12 months and Campbell Soup Company (CPB) that is 13.47% higher over the same period. TreeHouse Foods Inc. (THS) is 16.29% up on the 1-year trading charts.

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