Flowers Foods PT Raised to $32.00 at BMO Capital Markets (FLO)

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Flowers Foods (NYSE: FLO) had its target price lifted by BMO Capital Markets from $28.00 to $32.00 in a research note released on Monday morning, StockRatingsNetwork reports. They currently have a market perform rating on the stock.

Shares of Flowers Foods (NYSE: FLO) traded down 0.79% during mid-day trading on Monday, hitting $32.82. Flowers Foods has a 52 week low of $18.46 and a 52 week high of $36.25. The stock’s 50-day moving average is currently $33.11. The company has a market cap of $4.537 billion and a P/E ratio of 21.82.

The company also recently declared a quarterly dividend, which is scheduled for Wednesday, June 19th. Shareholders of record on Wednesday, June 5th will be given a dividend of $0.11 per share. This represents a $0.45 dividend on an annualized basis and a yield of 1.36%. The ex-dividend date of this dividend is Monday, June 3rd.

Several other analysts have also recently commented on the stock. Analysts at KeyBanc raised their price target on shares of Flowers Foods from $35.00 to $37.00 in a research note to investors on Friday, May 17th. They now have a buy rating on the stock. Separately, analysts at Ned Davis Research downgraded shares of Flowers Foods from a buy rating to a neutral rating in a research note to investors on Monday, May 13th.

One analyst has rated the stock with a sell rating, three have issued a hold rating and four have assigned a buy rating to the company. The stock presently has an average rating of Hold and a consensus target price of $26.77.

Flowers Foods, Inc. (NYSE: FLO) is a producer and marketer of bakery products in the United States.

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