Flowers Foods (NYSE:FLO) cut out to buy at StockNews.com

Flowers Foods (NYSE:FLO – Get Rated) was downgraded by stock researchers at StockNews.com from a “strong buy” rating to a “buy” rating in a research note issued to investors on Friday.

Flower food trade rose 0.3%

Flowers Foods shares opened at $29.59 on Friday. Flowers Foods has a fifty-two week minimum of $24.15 and a fifty-two week maximum of $29.73. The company has a market capitalization of $6.25 billion, a PE ratio of 29.01, and a beta of 0.38. The company’s fifty-day moving average is $27.01 and its two-hundred-day moving average is $26.88. The company has a quick ratio of 1.12, a current ratio of 1.41, and a debt-to-equity ratio of 0.62.

Institutional inputs and outputs

Several large investors have recently made changes to their positions in FLO. Victory Capital Management Inc. increased its stake in Flowers Foods shares by 63.4% during the first quarter. Victory Capital Management Inc. now owns 76,104 shares of the company worth $2,018,000 after purchasing an additional 29,531 shares during the period. Advisor Group Holdings Inc. raised its position in shares of Flowers Foods by 28.1% in the first quarter. Advisor Group Holdings Inc. now owns 12,607 shares of the company worth $323,000 after purchasing an additional 2,765 shares during the period. Russell Investments Group Ltd. raised its position in Flowers Foods shares by 25.3% in the first quarter. Russell Investments Group Ltd. now owns 583,014 shares of the company worth $15,023,000 after purchasing an additional 117,686 shares during the period. The New York State Common Retirement Fund increased its position in Flowers Foods shares by 2.4% in the first quarter. The New York State Common Retirement Fund now owns 367,695 shares of the company worth $9,453,000 after purchasing an additional 8,564 shares during the period. Finally, the State Board of Administration of the Florida Retirement System increased its position in shares of Flowers Foods by 7.5% in the first quarter. The Florida State Board of Retirement System Administration now owns 265,419 shares of the company worth $6,824,000 after purchasing an additional 18,498 shares during the period. Hedge funds and other institutional investors own 77.15% of the company’s shares.

About Flowers Food

(Get rating)

Flowers Foods, Inc produces and markets packaged bakery products in the United States. Offers fresh breads, buns, rolls, 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 brands.

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