Flowers Foods Receives a Buy from Pivotal Research

Pivotal Research analyst Timothy Ramey maintained a Buy rating on Flowers Foods (NYSE: FLO) on May 18 and set a price target of $26. The company’s shares closed yesterday at $19.40.

According to TipRanks.com, Ramey is a 4-star analyst with an average return of 11.9% and a 62.8% 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 Buy, with a price target consensus of $22.17.

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Flowers Foods’ market cap is currently $4.09B and has a P/E ratio of 29.39. The company has a Price to Book ratio of 3.17.

Based on the recent corporate insider activity of 54 insiders, corporate insider sentiment is negative on the stock.

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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.