Flowers Foods with ticker code (FLO) have now 6 market analysts covering the stock. The analyst consensus now points to a rating of ‘Hold’. The target price High/Low ranges between 33 and 26 suggesting an average Analsyt target price of $29.00. Given that the stocks previous close was at $27.05 and the analysts are correct then we can expect a percentage increase in value of 7.2%. The day 50 moving average is $27.44 and the 200 moving average now moves to $27.55. The company has a market cap of $5,766m. Company Website: https://www.flowersfoods.com
The potential market cap would be $6,182m based on the market consensus.
Flowers Foods produces and markets packaged bakery food products in the United States. Its principal products include fresh breads, buns, rolls, snack cakes, and tortillas, as well as frozen breads and rolls under the Nature’s Own, Dave’s Killer Bread, Wonder, Canyon Bakehouse, Mrs. Freshley’s, and Tastykake brand names. The company distributes its products through a direct-store-delivery distribution and a warehouse delivery system, as well as operates bakeries. Its customers include national and regional restaurants, institutions and foodservice distributors, and retail in-store bakeries; wholesale distributors; mass merchandisers, supermarkets and other retailers, vending outlets, and convenience stores; quick-serve chains, food wholesalers, dollar stores, and vending companies; and public health care, military commissaries, and prisons, and other governmental institutions. The company was formerly known as Flowers Industries and changed its name to Flowers Foods in 2001. Flowers Foods was founded in 1919 and is headquartered in Thomasville, Georgia.
The company has a dividend yield of 3.23% with the ex dividend date set at 2-3-2023 (DMY).
Other points of data to note are a P/E ratio of 25.44, revenue per share of 22.68 and a 6.99% return on assets.
