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FLO

Flowers Foods

$17.53

0.13 (0.75%)

17:04
08/09/17
08/09
17:04
08/09/17
17:04

Flowers Foods says saw softness in fresh bakery category

Overall softness in the fresh bakery category, a competitive marketplace, and the divestiture of the mix manufacturing business in January 2017 resulted in the consolidated sales decline, partially offset by a net increase in sales of branded organic breads. Sales of DKB branded products continue to grow, driven by both volume and price, even though the company cycled the national rollout of the DKB brand on its DSD network at the beginning of the second quarter. On a consolidated basis, branded retail sales decreased 0.2% to $548.3 million, store branded retail sales decreased 1.0% to $144.3 million, while non-retail and other sales decreased 2.3% to $234.0 million. The decrease in the branded retail category resulted from volume declines in cake and buns and rolls, mostly offset by increased sales of organic bread. Store branded retail sales declined as a result of volume declines in cake, partially offset by growth in buns and rolls. The impact of the mix manufacturing business divestiture principally resulted in the decline in the non-retail and other category, which also includes contract manufacturing, vending and foodservice.

  • 10

    Aug

FLO Flowers Foods
$17.53

0.13 (0.75%)

07/28/17
07/28/17
DOWNGRADE

On The Fly: Top five analyst downgrades
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. Starbucks (SBUX) was downgraded to Neutral from Buy at Guggenheim and to Hold from Buy at Stifel. 2. Spirit Airlines (SAVE) was downgraded to Neutral from Buy at Buckingham and BofA/Merrill and to In-Line from Outperform at Imperial Capital. 3. Flowers Foods (FLO) downgraded to Hold from Buy at Jefferies with analyst Akshay Jagdale saying his positive thesis on bread industry pricing becoming more rational has not played out. 4. AstraZeneca (AZN) downgraded to Equal Weight from Overweight at Morgan Stanley with analyst Vincent Meunier saying shares look fairly valued as he removed MYSTIC from his models. 5. U.S. Steel (X) downgraded to Sell from Neutral at Citi with analyst Alexander Hacking saying he sees downside risk to U.S. flat rolled prices for the remainder of 2017. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
07/28/17
JEFF
07/28/17
DOWNGRADE
Target $19
JEFF
Hold
Flowers Foods downgraded to Hold from Buy at Jefferies
Jefferies analyst Akshay Jagdale downgraded Flowers Foods to Hold and lowered his price target for the shares to $19 from $23. The analyst says his positive thesis on bread industry pricing becoming more rational has not played out. He also believes the macro environment in the company's categories remains challenge.
02/15/17
GABE
02/15/17
UPGRADE
GABE
Buy
Flowers Foods upgraded to Buy from Hold at Gabelli
Gabelli analyst Sarah Donnelly upgraded Flowers Foods to Buy citing reduced risk from misclassification lawsuits and the DOL review, the savings objectives introduced from Project Centennial, which met her expectations, and attractive valuation.
01/20/17
RHCO
01/20/17
NO CHANGE
Target $20
RHCO
Buy
Hostess Brands price target raised to $20 from $15 at SunTrust
SunTrust analyst William Chappell, Jr. said Nielsen data indicate snack cakes dollar sales for the four-week period ending Dec. 31 increased 3.1%, driven by 9.5% growth from Hostess (TWNK) and partially offset by a 4.8% decline from Flowers Foods (FLO). The analyst raised his price target on Hostess to $20 from $15 and keeps a Buy rating on the shares. He also raised his price target on Flowers to $20 from $15, but maintain a Hold rating on its shares based on the company's disappointing operating trends over the past few quarters, noting that he thinks Flowers was most affected by Hostess' reentrance into the market.

TODAY'S FREE FLY STORIES

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KKR

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TSEM

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OMER

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PUB

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CTL

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PETS

PetMed Express

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  • 14

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$NSD

NASDAQ Market Internals

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SRE

Sempra Energy

$118.03

-0.25 (-0.21%)

13:16
08/23/17
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Conference/Events
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$NYE

NYSE Market Internals

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13:15
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CAVM

Cavium

$60.98

0.84 (1.40%)

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PETS

PetMed Express

$39.41

-2.32 (-5.56%)

13:12
08/23/17
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13:12
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PetMed Express analyst commentary  »

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  • 14

    Sep

SIX

Six Flags

$51.97

-1.25 (-2.35%)

, DIS

Disney

$102.04

-0.73 (-0.71%)

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DIS

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  • 28

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S

Sprint

$8.29

0.065 (0.79%)

, SSNLF

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  • 16

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WSM

Williams-Sonoma

$43.04

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  • 23

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MSI

Motorola Solutions

$86.67

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  • 29

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HPQ

HP Inc.

$18.91

-0.115 (-0.60%)

, HPE

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$17.69

0.02 (0.11%)

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HPQ

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HPE

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LNVGY

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ON

ON Semiconductor

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  • 08

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KRO

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HCCI

Heritage-Crystal Clean

$18.15

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