Flowers Foods, Inc. (NYSE:FLO):
Flowers Foods to Webcast Investor Briefing from the New York Stock Exchange.
The company is down by 1.07% percent from yesterday’s close.
Additionally the company recently declared a dividend for shareholders which was paid on Friday the 15th of September 2017. The dividend payment was $0.170 per share for the quarter or $0.68 on an annualized basis. The dividend yield was $3.71. The ex-dividend date was Wednesday the 30th of August 2017.
Flowers Foods, Inc., launched on October 19, 2000, is a producer and marketer of packaged bakery products. The Company operates in two segments: direct-store-delivery segment (DSD Segment) and warehouse delivery segment (Warehouse Segment). The DSD segment produces fresh breads, buns, rolls, tortillas and snack cakes sold primarily by a network of independent distributors to retail and foodservice customers in the areas of the United States: East, South, Southwest, California, and select markets in the Midwest, Pacific Northwest, Nevada, and Colorado. The Warehouse Segment produces snack cakes, breads and rolls that are shipped both fresh and frozen to national retail, foodservice, vending, and co-pack customers through their warehouse channels. The Warehouse Segment supplies national and regional restaurants, institutions and foodservice distributors, and retail in-store bakeries with breads and rolls..
Shares of the company are trading at $18.11 which is just a bit higher than $17.76, the stock’s 50 day moving average and slightly below the 200 day moving average of $18.43. The 50 day moving average moved up $0.35 and the 200 day average was down $-0.32.
The company’s P/E ratio is 23.854 and the market cap of the company is 3.79B. As of the latest earnings report the EPS was $0.76 and is estimated to be $0.85 for the current year with 209,344,000 shares outstanding. Next quarter’s EPS is expected be $0.17 and the next full year EPS is projected to be $0.91.
Investors are more bearish on shares of the company lately as implied by the increase in short interest. The company realized a rise in short interest of 13.46% between August 15, 2017 and August 31, 2017. Short interest grew from 12,060,517 to 13,683,491 over that period. With short interest at 13,683,491 and short average daily volume at 1,217,284, days to cover is 11.0 and the percentage of shorted shares was 0.07% on August 31.
A few investment analysts have released ratings on the company recently. On July 28 the company was changed to “Hold” in a report from Jefferies down from the previous “Buy” rating.