Flowers Foods (FLO) is Initiated by KeyBanc Capital Mkts to Sector Weight

Flowers Foods (FLO) was Initiated by KeyBanc Capital Mkts to “Sector Weight”. KeyBanc Capital Mkts advised their investors in a research report released on May 26, 2016.

On the company’s financial health, Flowers Foods reported $0.23 EPS for the quarter, based on the information available during the earnings call on Nov 11, 2015. Analyst had a consensus estimate of $0.23. The company had revenue of $885.30 million for the quarter, compared to analysts expectations of $873.92 million. The company’s revenue was up 4.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.21 EPS.

Flowers Foods closed down -0.12 points or -0.65% at $18.33 with 21,53,293 shares getting traded on Wednesday. Post opening the session at $18.51, the shares hit an intraday low of $18.22 and an intraday high of $18.59 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.

In a different news, on Feb 19, 2016, James T Spear (director) purchased 100 shares at $16.25 per share price. According to the SEC, on Sep 29, 2015, Tonja W Taylor (SVP – Human Resources) sold 2,746 shares at $25.38 per share price. On Sep 28, 2015, Dan W Stone (SVPLogistics/ChiefIntegrationO) sold 8,550 shares at $25.42 per share price, according to the Form-4 filing with the securities and exchange commission.

Flowers Foods Inc. (Flowers) is a producer and marketer of a line of bakery products on a national and super-regional basis. The Company operates in two segments: a direct-store-delivery segment (DSD Segment) and a warehouse delivery segment (Warehouse Segment). The DSD Segment operates 38 bakeries that market a variety of fresh bakery foods including breads buns rolls tortillas and snack cakes. The Warehouse Segment produces frozen bread and rolls and snack products. It operates eight bakeries that produce snack cakes breads and rolls for national retail foodservice vending and co-pack customers which are delivered through customers’ warehouse channels and one bakery mix plant. The company operates 46 bakeries of which 44 are owned and two are leased and one mix plant.

Flowers Foods

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