Flowers Foods Receives a Hold from D.A. DavidsonBy Ryan Adsit
D.A. Davidson analyst Eric Gottlieb reiterated a Hold rating on Flowers Foods (NYSE: FLO) today and set a price target of $16. The company’s shares opened today at $15.92, close to its 52-week low of $14.35.
According to TipRanks.com, Gottlieb is a 4-star analyst with an average return of 7.3% and a 60.6% success rate. Gottlieb covers the Consumer Goods sector, focusing on stocks such as Lancaster Colony Corp., Amplify Snack Brands, and Omega Protein Corp.
Flowers Foods has an analyst consensus of Hold, with a price target consensus of $14.20.
The company has a one year high of $25.31 and a one year low of $14.35. Currently, Flowers Foods has an average volume of 2.95M.
Based on the recent corporate insider activity of 66 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of FLO in relation to earlier this year. Last month, Marta Jones Turner, the EVP of FLO bought 42,300 shares for a total of $469,953.
Flowers Foods, Inc. produces and markets packaged bakery foods in the U.S. It operates its business through two segments: Direct Store Delivery and Warehouse Delivery. The Direct Store Delivery segment markets a variety of fresh bakery foods, including fresh breads, buns, rolls, tortillas, and snack cakes. These products are sold through a DSD route delivery system to retail and foodservice customers from New England to Florida and west through the South, Southwest, and into California. The Warehouse Delivery segment produces snack cakes and breads and rolls for national retail, foodservice, vending, and co-pack customers, which are delivered through customers’ warehouse channels and one bakery mix plant. The company markets its products under the brands names: Nature’s Own, Wonder, Bluebird, Tastykake, Cobblestone Mill, Home Pride, Mary Jane & Friends, Captain John Derst’s, Micasa, Broad Street Bakery, Mrs. Freshley’s and Tesoritos. Flowers Foods was founded in 2000 and is headquartered in Thomasville, GA.