In a report released on August 15, Robert Dickerson from Jefferies reiterated a Hold rating on Flowers Foods (FLO – Research Report), with a price target of $26.00. The company’s shares closed yesterday at $24.26.
According to TipRanks, Dickerson is a 3-star analyst with an average return of 1.6% and a 57.67% success rate. Dickerson covers the Consumer Defensive sector, focusing on stocks such as Campbell Soup, Conagra Brands, and General Mills.
Currently, the analyst consensus on Flowers Foods is a Hold with an average price target of $27.00, which is an 11.29% upside from current levels. In a report released on August 14, Deutsche Bank also maintained a Hold rating on the stock with a $25.00 price target.
See the top stocks recommended by analysts >>
FLO market cap is currently $5.13B and has a P/E ratio of 23.13.
Based on the recent corporate insider activity of 43 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of FLO in relation to earlier this year.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
Flowers Foods, Inc. engages in the manufacture and sale of bakery products. The firm offers bakery foods for retail and food service customers in the United States. Its brands include Nature’s Own, Dave’s Killer Bread, Canyon Bakehouse, Tastykake, and Merita. The company was founded by William Howard Flowers, Sr. and Joseph Hampton Flowers, Jr. in 1919 and is headquartered in Thomasville, GA.
Read More on FLO:
- FLOWERS FOODS DECLARES DIVIDEND
- Flowers Foods announces retirement of chief sales officer D. Keith Wheeler
- FLOWERS FOODS, INC. REPORTS SECOND QUARTER 2023 RESULTS
- Flowers Foods raises FY23 adjusted EBITDA view to $503M-$528M
- Flowers Foods raises FY23 adjusted EPS view to $1.18-$1.25 from $1.15-$1.25
