Flowers Foods, Inc.’s Stock Is Sell After Today’s Bearish Options Activity

 Flowers Foods, Inc.'s Stock Is Sell After Today's Bearish Options Activity

In today’s session Flowers Foods, Inc. (FLO) recorded an unusually high (328) contracts volume of put trades. Someone, most probably a professional was a very active buyer of the November, 2016 put, expecting serious FLO decrease. With 328 contracts traded and 21844 open interest for the Nov, 16 contract, it seems this is a quite bearish bet. The option with symbol: FLO161118P00015000 closed last at: $0.35 or 22.2% down. About 616,465 shares traded hands. Flowers Foods, Inc. (NYSE:FLO) has declined 14.81% since April 8, 2016 and is downtrending. It has underperformed by 20.46% the S&P500.

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

Out of 9 analysts covering Flowers Foods (NYSE:FLO), 3 rate it a “Buy”, 0 “Sell”, while 6 “Hold”. This means 33% are positive. $30 is the highest target while $16 is the lowest. The $22 average target is 38.28% above today’s ($15.91) stock price. Flowers Foods has been the topic of 15 analyst reports since September 21, 2015 according to StockzIntelligence Inc. DA Davidson initiated the shares of FLO in a report on Wednesday, October 5 with “Neutral” rating. The rating was downgraded by BMO Capital Markets to “Market Perform” on Friday, February 12. Deutsche Bank downgraded Flowers Foods, Inc. (NYSE:FLO) on Friday, February 12 to “Hold” rating. The stock of Flowers Foods, Inc. (NYSE:FLO) earned “Buy” rating by BB&T Capital on Tuesday, February 16. The rating was downgraded by Stephens on Thursday, February 11 to “Equal-Weight”. Suntrust Robinson downgraded Flowers Foods, Inc. (NYSE:FLO) on Thursday, February 11 to “Neutral” rating. Jefferies initiated the shares of FLO in a report on Wednesday, December 16 with “Buy” rating. KeyBanc Capital Markets initiated Flowers Foods, Inc. (NYSE:FLO) on Thursday, May 26 with “Sector Weight” rating. SunTrust maintained Flowers Foods, Inc. (NYSE:FLO) rating on Tuesday, September 22. SunTrust has “Buy” rating and $30 price target. The firm has “Buy” rating given on Thursday, August 11 by Jefferies.

According to Zacks Investment Research, “Flowers Foods, Inc. is one of the largest producers and marketers of a full line of frozen and non-frozen bakery and dessert products in the United States. Flowers Foods consists of Flowers Bakeries and Mrs. Smith’s Bakeries.”

Insitutional Activity: The institutional sentiment increased to 1.2 in Q2 2016. Its up 0.09, from 1.11 in 2016Q1. The ratio increased, 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.
Century Inc accumulated 5.07 million shares or 0.11% of the stock. State Of Tennessee Treasury Department has invested 0.01% of its portfolio in Flowers Foods, Inc. (NYSE:FLO). Deutsche National Bank & Trust Ag accumulated 0.01% or 662,197 shares. Advance Cap I reported 87,700 shares or 1.74% of all its holdings. Omers Administration Corp owns 252,400 shares or 0.1% of their US portfolio. Nuveen Asset Llc has 99,746 shares for 0.01% of their US portfolio. Macquarie Grp Incorporated reported 103,800 shares or 0% of all its holdings. Bluecrest Management Limited holds 0.01% or 13,734 shares in its portfolio. Lenox Wealth Mngmt, a Ohio-based fund reported 1,122 shares. Cadence Capital Mngmt Limited Liability Co has invested 0.07% of its portfolio in Flowers Foods, Inc. (NYSE:FLO). Moreover, Blackrock Inv Management Limited Liability Corporation has 0.01% invested in Flowers Foods, Inc. (NYSE:FLO) for 539,119 shares. Cubist Systematic Strategies Ltd Limited Liability Company last reported 0.01% of its portfolio in the stock. Aperio Llc accumulated 0% or 21,090 shares. Blackrock Advsrs Ltd Liability Corp reported 267,541 shares or 0.01% of all its holdings. Gamco Invsts Et Al holds 1.18M shares or 0.15% of its portfolio.

Insider Transactions: Since June 2, 2016, the stock had 4 insider buys, and 3 insider sales for $7.07 million net activity. Shares for $443,427 were sold by HYSELL ROBERT B on Thursday, June 2. Shares for $27,540 were bought by LEWIS MARGARET G. Shares for $463,512 were sold by TASHIE JOSEPH G. SPEAR JAMES T had bought 10,000 shares worth $152,797. Another trade for 30,000 shares valued at $449,796 was bought by MCMULLIAN AMOS R. 14,000 Flowers Foods, Inc. (NYSE:FLO) shares with value of $212,485 were bought by LAN RICHARD. DEESE GEORGE E sold $7.00 million worth of stock or 462,500 shares.

Flowers Foods, Inc. is a producer and marketer of bakery products. The company has a market cap of $3.34 billion. The Firm operates in two divisions: direct-store-delivery segment and warehouse delivery segment (Warehouse Segment). It has a 18.1 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.

FLO Company Profile

Flowers Foods, Inc., incorporated on October 19, 2000, is a producer and marketer of bakery products. The Firm operates in two divisions: direct-store-delivery segment (DSD Segment) and warehouse delivery segment (Warehouse Segment). The firm operates approximately 50 bakeries and a mix plant. The Company’s baked foods clients include mass merchandisers, supermarkets and other retailers, restaurants, quick-serve chains, food wholesalers, institutions, dollar stores and vending companies. The Firm sells returned and surplus products through a system of discount bakery stores. The Firm operates approximately 280 discount bakery stores.

More news for Flowers Foods, Inc. (NYSE:FLO) were recently published by: Prnewswire.com, which released: “Flowers Foods, Inc. Reports Third Quarter 2016 Results” on November 09, 2016. Bizjournals.com‘s article titled: “Flowers Foods warns impact of labor lawsuits it’s facing is still unknown” and published on October 23, 2016 is yet another important article.

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