Entropy Technologies LP Boosts Holdings in Flowers Foods, Inc. (NYSE:FLO)

Entropy Technologies LP raised its holdings in Flowers Foods, Inc. (NYSE:FLO) by 55.2% during the 4th quarter, Holdings Channel.com reports. The firm owned 14,516 shares of the company’s stock after acquiring an additional 5,161 shares during the period. Entropy Technologies LP’s holdings in Flowers Foods were worth $300,000 as of its most recent filing with the SEC.

Other hedge funds also recently added to or reduced their stakes in the company. Blue Trust Inc. boosted its holdings in Flowers Foods by 18,254.5% in the third quarter. Blue Trust Inc. now owns 2,019 shares of the company’s stock valued at $45,000 after purchasing an additional 2,008 shares during the last quarter. Capital Performance Advisors LLP acquired a new position in shares of Flowers Foods in the third quarter worth about $52,000. Brooklyn Investment Group raised its position in shares of Flowers Foods by 171.8% in the fourth quarter. Brooklyn Investment Group now owns 2,623 shares of the company’s stock worth $54,000 after acquiring an additional 1,658 shares during the period. Quest Partners LLC raised its position in shares of Flowers Foods by 329,400.0% in the third quarter. Quest Partners LLC now owns 3,295 shares of the company’s stock worth $76,000 after acquiring an additional 3,294 shares during the period. Finally, Venturi Wealth Management LLC raised its position in shares of Flowers Foods by 84.5% in the third quarter. Venturi Wealth Management LLC now owns 4,455 shares of the company’s stock worth $103,000 after acquiring an additional 2,041 shares during the period. 75.45% of the stock is owned by hedge funds and other institutional investors.

Flowers Foods Stock Up 2.0 %

FLO opened at $18.79 on Friday. Flowers Foods, Inc. has a twelve month low of $18.34 and a twelve month high of $26.12. The company has a quick ratio of 0.95, a current ratio of 1.24 and a debt-to-equity ratio of 0.75. The company has a 50-day moving average price of $20.12 and a 200 day moving average price of $21.79. The company has a market cap of $3.96 billion, a PE ratio of 16.48, a price-to-earnings-growth ratio of 3.74 and a beta of 0.38.

Flowers Foods (NYSE:FLO) last released its quarterly earnings results on Friday, February 7th. The company reported $0.22 earnings per share for the quarter, topping the consensus estimate of $0.21 by $0.01. Flowers Foods had a net margin of 4.70% and a return on equity of 19.41%. During the same quarter in the prior year, the firm posted $0.20 earnings per share. Sell-side analysts expect that Flowers Foods, Inc. will post 1.27 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

FLO has been the subject of a number of analyst reports. Truist Financial decreased their price objective on shares of Flowers Foods from $23.00 to $20.00 and set a “hold” rating for the company in a research report on Monday. StockNews.com downgraded shares of Flowers Foods from a “strong-buy” rating to a “buy” rating in a research report on Friday, December 20th. Finally, DA Davidson decreased their price objective on shares of Flowers Foods from $24.00 to $21.00 and set a “neutral” rating for the company in a research report on Monday. One investment analyst has rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average price target of $21.00.

About Flowers Foods

Flowers Foods, Inc produces and markets packaged bakery food products in the United States. Its principal products include fresh breads, buns, rolls, snack items, bagels, English muffins, and tortillas, as well as frozen breads and rolls under the Nature's Own, Dave's Killer Bread, Wonder, Canyon Bakehouse, Mrs.