It Seems Flowers Foods, Inc. Will Go Down. Had Bearish Options Activity

 It Seems Flowers Foods, Inc. Will Go Down. Had Bearish Options Activity

In today’s session Flowers Foods, Inc. (FLO) recorded an unusually high (1,772) contracts volume of put trades. Someone, most probably a professional was a very active buyer of the October, 2016 put, expecting serious FLO decrease. With 1,772 contracts traded and 63314 open interest for the Oct, 16 contract, it seems this is a quite bearish bet. The option with symbol: FLO161021P00015000 closed last at: $0.4 or 0% . The stock decreased 1.00% or $0.15 during the last trading session, hitting $14.86. About 3.60M shares traded hands or 40.63% up from the average. Flowers Foods, Inc. (NYSE:FLO) has declined 11.81% since March 1, 2016 and is downtrending. It has underperformed by 21.05% the S&P500.

Analysts await Flowers Foods, Inc. (NYSE:FLO) to report earnings on November, 9. They expect $0.22 EPS, down 4.35% or $0.01 from last year’s $0.23 per share. FLO’s profit will be $45.15 million for 16.89 P/E if the $0.22 EPS becomes a reality. After $0.26 actual EPS reported by Flowers Foods, Inc. for the previous quarter, Wall Street now forecasts -15.38% negative EPS growth.

Flowers Foods, Inc. (NYSE:FLO) Ratings Coverage

Out of 8 analysts covering Flowers Foods (NYSE:FLO), 3 rate it a “Buy”, 0 “Sell”, while 5 “Hold”. This means 38% are positive. $30 is the highest target while $18 is the lowest. The $23.20 average target is 56.12% above today’s ($14.86) stock price. Flowers Foods has been the topic of 14 analyst reports since September 21, 2015 according to StockzIntelligence Inc. The firm earned “Buy” rating on Tuesday, September 22 by SunTrust. Stephens downgraded the stock to “Equal-Weight” rating in Thursday, February 11 report. BB&T Capital upgraded the shares of FLO in a report on Tuesday, February 16 to “Buy” rating. The stock has “Hold” rating given by Deutsche Bank on Friday, February 12. The stock of Flowers Foods, Inc. (NYSE:FLO) has “Buy” rating given on Wednesday, December 16 by Jefferies. The rating was initiated by KeyBanc Capital Markets with “Sector Weight” on Thursday, May 26. The firm has “Market Perform” rating by BMO Capital Markets given on Friday, February 12. The stock of Flowers Foods, Inc. (NYSE:FLO) earned “Buy” rating by Deutsche Bank on Monday, September 21. The stock of Flowers Foods, Inc. (NYSE:FLO) has “Buy” rating given on Thursday, August 11 by Jefferies. The stock of Flowers Foods, Inc. (NYSE:FLO) earned “Neutral” rating by Suntrust Robinson on Thursday, February 11.

Insitutional Activity: The institutional sentiment increased to 1.2 in 2016 Q2. Its up 0.09, from 1.11 in 2016Q1. The ratio is positive, as 32 funds sold all Flowers Foods, Inc. shares owned while 85 reduced positions. 36 funds bought stakes while 104 increased positions. They now own 140.90 million shares or 5.99% more from 132.93 million shares in 2016Q1.
Summit Financial Wealth Advsr Ltd Liability Co last reported 74,000 shares in the company. California State Teachers Retirement holds 366,276 shares or 0.01% of its portfolio. Argi Inv Ltd last reported 0.06% of its portfolio in the stock. Kanaly Trust last reported 0% of its portfolio in the stock. Tiaa Cref Trust Fsb Mo owns 97,489 shares or 0.02% of their US portfolio. Commonwealth Equity Serv reported 115,849 shares or 0.02% of all its holdings. Motco has invested 0% of its portfolio in Flowers Foods, Inc. (NYSE:FLO). Arcadia Invest Management Corp Mi holds 154,927 shares or 0.95% of its portfolio. Blackrock Invest Lc accumulated 539,119 shares or 0.01% of the stock. Susquehanna Grp Inc Llp reported 10,262 shares or 0% of all its holdings. Moreover, Lpl Finance Lc has 0% invested in Flowers Foods, Inc. (NYSE:FLO) for 22,025 shares. Moreover, Champlain Ltd Liability Company has 1.34% invested in Flowers Foods, Inc. (NYSE:FLO) for 4.16 million shares. Savings Bank Of New York Mellon has invested 0.01% of its portfolio in Flowers Foods, Inc. (NYSE:FLO). Great West Life Assurance Can last reported 19,119 shares in the company. The Massachusetts-based Loring Wolcott And Coolidge Fiduciary Advisors Ltd Liability Partnership Ma has invested 0.01% in Flowers Foods, Inc. (NYSE:FLO).

Insider Transactions: Since June 2, 2016, the stock had 4 buys, and 3 insider sales for $7.07 million net activity. HYSELL ROBERT B sold $443,427 worth of Flowers Foods, Inc. (NYSE:FLO) on Thursday, June 2. LAN RICHARD also bought $212,485 worth of Flowers Foods, Inc. (NYSE:FLO) on Friday, August 19. MCMULLIAN AMOS R bought 30,000 shares worth $449,796. $7.00 million worth of Flowers Foods, Inc. (NYSE:FLO) was sold by DEESE GEORGE E on Thursday, August 25. Shares for $152,797 were bought by SPEAR JAMES T on Monday, August 22. 1,800 shares with value of $27,540 were bought by LEWIS MARGARET G on Tuesday, August 16. On Tuesday, June 7 the insider TASHIE JOSEPH G sold $463,512.

Flowers Foods, Inc. is a producer and marketer of bakery products. The company has a market cap of $3.05 billion. The Firm operates in two divisions: direct-store-delivery segment and warehouse delivery segment (Warehouse Segment). It has a 16.9 P/E ratio. The DSD segment’s production plant locations include Birmingham, Alabama; Opelika, Alabama; Tuscaloosa, Alabama; Goldsboro, North Carolina; Jamestown, North Carolina, and Oxford, Pennsylvania.

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