Jefferies analyst Akshay Jagdale maintained a Hold rating on Flowers Foods (NYSE: FLO) today and set a price target of $19. The company’s shares closed yesterday at $19.46.
Jagdale wrote:
“2Q operating results missed our/Street estimates by 17% & 16%, respectively, owing to execution issues & cost headwinds.”
According to TipRanks.com, Jagdale is a 4-star analyst with an average return of 4.5% and a 54.4% success rate. Jagdale covers the Consumer Goods sector, focusing on stocks such as Lamb Weston Holdings, McCormick & Company, and J & J Snack Foods.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Flowers Foods with a $20.67 average price target.
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Flowers Foods’ market cap is currently $4.1B and has a P/E ratio of 29.48. The company has a Price to Book ratio of 3.18.
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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.
