Price Target Update on Flowers Foods (NYSE:FLO)

Flowers Foods (NYSE:FLO) : The highest short term price target forecast on Flowers Foods (NYSE:FLO) is $23 and the lowest target price is $18. A total of 4 equity analysts are currently covering the company. The average price of all the analysts is $21 with a standard deviation of $2.45.

Other Equity analysts have also commented on the company shares. KeyBanc initiates coverage on Flowers Foods (NYSE:FLO).The analysts at the brokerage house have a current rating of Sector Weight on the shares. The rating by the firm was issued on May 26, 2016.

Flowers Foods (NYSE:FLO): On Thursdays trading session , Opening price of the stock was $18.13 with an intraday high of $18.1599. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $17.71. However, the stock managed to close at $17.92, a loss of 0.55% for the day. On the previous day, the stock had closed at $18.02. The total traded volume of the day was 2,267,872 shares.

The company shares have dropped -16.61% from its 1 Year high price. On Oct 30, 2015, the shares registered one year high at $27.31 and the one year low was seen on Feb 12, 2016. The 50-Day Moving Average price is $18.69 and the 200 Day Moving Average price is recorded at $19.23. On the companys insider trading activities, According to the information disclosed by the Securities and Exchange Commission in a Form 4 filing, the officer (President – Flowers Cake Group) of Flowers Foods Inc, Tashie Joseph G had sold 24,800 shares worth of $463,512 in a transaction dated June 7, 2016. In this transaction, 24,800 shares were sold at $18.69 per share.

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.

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