The average volume stands around 2.69 million shares.
Advertisement
The company Insiders own 16.87% of Flowers Foods shares according to the proxy statements. They also projected Low Price Target as $4 while High Price Target is set at $20. Jefferies Group cut their price objective on shares of Flowers Foods from $23.00 to $20.00 and set a “buy” rating on the stock in a report on Thursday.
In other news, Chairman George E. Deese sold 560,731 shares of the stock in a transaction on Friday, June 3rd. The disclosure for this sale can be found here.
The complaint alleges that during the Class Period, the Firm issued false and misleading statements and/or failed to disclose that: Flowers Foods was improperly classifying employees as independent contractors; that the misclassification exposed Flowers Foods to legal liability and/or negative regulatory action; that proper classification would have a negative impact on Flowers Foods’ operations; and that as a result of the above, the Firm’s public statements were materially false and misleading at all relevant times. Breton Hill Capital Ltd. acquired a new stake in Flowers Foods during the second quarter valued at approximately $199,000.
Insiders own 12% percent of the stock. FLO has registered a 50-day average of $18.17 and two hundred day moving average of $18.41. The company reported the earnings of $0.26/Share in the last quarter where the estimated EPS by analysts was $0.26/share. (NYSE:FLO) was down -0.67% during the last trading session, with a day high of 15.42. (NYSE:FLO)’s most recent quarter, EPS moved to $0.26 from $0.28 in prior quarter and revenues reached at $935.03M versus $1,204.35M. The stock volatility for week was 5.39% while for month was 2.97%.The stock, as of last close, traded 7.74% to its 52 week low and was changed -42.05% from its 52 week high. Considering that analysts were modeling EPS of $0.26 for the quarter, you find that the standard deviation works out to $0. Flowers Foods’s revenue for the quarter was up 5.2% on a year-over-year basis. Flowers Foods, Inc. (NYSE:FLO) has declined 29.24% since January 12, 2016 and is downtrending.
Several other equities analysts have also weighed in on the stock.
02/16/2016 – Flowers Foods, Inc. was upgraded to “buy” by analysts at BB&T Capital Markets.
A number of analysts rated the stock as well: 2 analysts believe that the stock is a STRONG BUY while 0 reported it as Buy.6 analysts assigned a HOLD rating, 0 said it’s UNDERPERFORM and 1 say that this stock is a SELL. The Company operates in two segments: a direct-store-delivery segment (DSD Segment) and a warehouse delivery segment (Warehouse Segment).
Advertisement
Those who purchased shares of Flowers Foods, Inc. have certain options and should contact the Shareholders Foundation. The DSD segment’s production plant locations include Birmingham, Alabama; Opelika, Alabama; Tuscaloosa, Alabama; Goldsboro, North Carolina; Jamestown, North Carolina, and Oxford, Pennsylvania.
