Jefferies Sticks to Their Buy Rating for Flowers Foods

By Carrie Williams

In a report released today, Akshay Jagdale from Jefferies reiterated a Buy rating on Flowers Foods (NYSE: FLO), with a price target of $23. The company’s shares opened today at $18.56.

According to TipRanks.com, Jagdale is a 4-star analyst with an average return of 5.5% and a 50.6% success rate. Jagdale covers the Consumer Goods sector, focusing on stocks such as Keurig Green Mountain, Amplify Snack Brands, and Lamb Weston Holdings.

Flowers Foods has an analyst consensus of Moderate Buy, with a price target consensus of $19.67.

Flowers Foods’ market cap is currently $3.87B and has a P/E ratio of 23.79. The company has a book value ratio of 3.1197.

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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 primarily by a network of independent distributors to retail and foodservice customers. It sells its products under the Nature’s Own, Wonder, Cobblestone Bread Company, Tastykake, and Dave’s Killer Bread brands. The Warehouse Delivery segment offers snack cakes and frozen breads and rolls under the Mrs. Freshley’s, Alpine Valley Bread, and European Bakers brands. It delivers its products fresh or frozen to customer’s warehouses via contract carriers. The company was founded in 1919 and is headquartered in Thomasville, GA.