In a report released on August 28, Bill Chappell from Truist Financial maintained a Hold rating on Flowers Foods (FLO – Research Report), with a price target of $25.00. The company’s shares closed yesterday at $23.56.
Chappell covers the Consumer Defensive sector, focusing on stocks such as Constellation Brands, MGP Ingredients, and Scotts Miracle-Gro Company. According to TipRanks, Chappell has an average return of 6.5% and a 56.01% success rate on recommended stocks.
Flowers Foods has an analyst consensus of Hold, with a price target consensus of $25.33, a 7.51% upside from current levels. In a report released on August 15, Jefferies also assigned a Hold rating to the stock with a $26.00 price target.
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FLO market cap is currently $5B and has a P/E ratio of 22.56.
Based on the recent corporate insider activity of 41 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 files automatic mixed securities shelf
- Flowers Foods appoints Brigitte King, Joanne Smith to board of directors
- Flowers Foods appoints Heeth Varnedoe as president, Terry Thomas as CGO
- FLOWERS FOODS DECLARES DIVIDEND
- Flowers Foods announces retirement of chief sales officer D. Keith Wheeler
