Flowers Foods Gets a Hold Rating from Jefferies

By Austin Angelo

Jefferies analyst Akshay Jagdale maintained a Hold rating on Flowers Foods (NYSE: FLO) today and set a price target of $19. The company’s shares closed yesterday at $21.62.

Jagdale noted:

“1Q EBIT results missed our estimate by 7% and consensus by 4%.”

According to TipRanks.com, Jagdale is a 4-star analyst with an average return of 4.8% and a 52.9% success rate. Jagdale covers the Consumer Goods sector, focusing on stocks such as Lamb Weston Holdings, McCormick & Company, and J & J Snack Foods.

Flowers Foods has an analyst consensus of Moderate Buy, with a price target consensus of $22.80.

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Flowers Foods’ market cap is currently $4.55B and has a P/E ratio of 30.45. The company has a Price to Book ratio of 3.64.

Based on the recent corporate insider activity of 54 insiders, corporate insider sentiment is negative on the stock.

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Flowers Foods, Inc. engages in the manufacture and sale of bakery products. It operates through the Direct-Store-Delivery (DSD) and Warehouse Delivery segments. The DSD segment produces fresh breads, buns, rolls, tortillas, and cakes sold by a network of independent distributors to retail and foodservice customers.