In a report released today, Timothy Ramey from Pivotal Research maintained a Sell rating on Flowers Foods (FLO – Research Report), with a price target of $16. The company’s shares opened today at $21.25.
“We do expect the dividend to be increased a bit at the annual meeting next week.”
According to TipRanks.com, Ramey is a 4-star analyst with an average return of 7.4% and a 54.4% success rate. Ramey covers the Consumer Goods sector, focusing on stocks such as Constellation Brands Inc, Post Holdings Inc, and Brown-Forman B.
Flowers Foods has an analyst consensus of Moderate Sell, with a price target consensus of $16.
Flowers Foods’ market cap is currently $4.48B and has a P/E ratio of 28.86. The company has a Price to Book ratio of 3.56.
Based on the recent corporate insider activity of 33 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of FLO in relation to earlier this year.
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Flowers Foods, Inc. engages in the manufacture and sale of bakery products. It operates through the Direct-Store-Delivery (DSD) and Warehouse Delivery segments. The DSD segment produces fresh breads, buns, rolls, tortillas, and cakes sold by a network of independent distributors to retail and foodservice customers.