Flowers Foods, Inc (NYSE: FLO) is -2.53% lower on its value in year-to-date trading and has touched a low of $20.50 and a high of $26.12 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 $21.57 in the last trading session, with the day’s gains setting it 0.37%.
Currently trading at $21.94, the stock is -0.52% and -2.95% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.46 million and changing 1.72% at the moment leaves the stock -4.48% off its SMA200. FLO registered 5.28% gain for a year compared to 6-month loss of -9.90%. The firm has a 50-day simple moving average (SMA 50) of $22.6376 and a 200-day simple moving average (SMA200) of $22.97605.
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The stock witnessed a -4.44% gain in the last 1 month and extending the period to 3 months gives it a -5.19%, and is 1.76% up 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 1.65% over the week and 1.82% over the month.
Flowers Foods, Inc (FLO) has around 9300 employees, a market worth around $4.57B and $5.12B in sales. Current P/E ratio is 19.34 and Fwd P/E is 16.76. Profit margin for the company is 4.70%. Distance from 52-week low is 7.02% and -16.00% from its 52-week high. The company has generated returns on investments over the last 12 months (8.87%).
with sales reaching $1.13B over the same period.The EPS is expected to grow by 5.73% this year, but quarterly earnings will post 0.66% year-over-year. Quarterly sales are estimated to grow 0.28% in year-over-year returns.
Flowers Foods, Inc (FLO) Top Institutional Holders
511.0 institutions hold shares in Flowers Foods, Inc (FLO), with institutional investors hold 77.39% of the company’s shares. The shares outstanding are 210.42M, and float is at 196.19M with Short Float at 1.99%. Institutions hold 71.48% of the Float.
The top institutional shareholder in the company is VANGUARD GROUP INC with over 21.77 million shares valued at $483.26 million. The investor’s holdings represent 10.313% of the FLO Shares outstanding. As of 2024-06-30, the second largest holder is BLACKROCK INC. with 18.5 million shares valued at $410.62 million to account for 8.7628 of the shares outstanding. The other top investors are STATE STREET CORP which holds 8.68 million shares representing 4.113% and valued at over $192.73 million, while PRICE T ROWE ASSOCIATES INC /MD/ holds 3.9932 of the shares totaling 8.43 million with a market value of $187.12 million.
Flowers Foods, Inc (FLO) Insider Activity
The most recent transaction is an insider purchase by Casey Edward J. Jr., the company’s Director. SEC filings show that Casey Edward J. Jr. bought 5,000 shares of the company’s common stock on Apr 02 ’24 at a price of $23.55 per share for a total of $0.12 million. Following the purchase, the insider now owns 20330.0 shares.
Flowers Foods, Inc disclosed in a document filed with the SEC on Mar 11 ’24 that THOMAS TERRY S (Chief Growth Officer) sold a total of 36,577 shares of the company’s common stock. The trade occurred on Mar 11 ’24 and was made at $23.11 per share for $0.85 million. Following the transaction, the insider now directly holds 42740.0 shares of the FLO stock.
Still, SEC filings show that on Dec 20 ’23, KINSEY R STEVE (Chief Financial Officer & CAO) acquired 1,780 shares at an average price of $22.46 for $39982.0. The insider now directly holds 399,520 shares of Flowers Foods, Inc (FLO).
