Flowers Foods, Inc. Just Recorded A Sigfniciant Bearish Options Activity

 Flowers Foods, Inc. Just Recorded A Sigfniciant Bearish Options Activity

In today’s session Flowers Foods, Inc. (FLO) recorded an unusually high (273) contracts volume of put trades. Someone, most probably a professional was a very active buyer of the January, 2017 put, expecting serious FLO decrease. With 273 contracts traded and 59944 open interest for the Jan, 17 contract, it seems this is a quite bearish bet. The option with symbol: FLO170120P00015000 closed last at: $0.4 or 0% . The stock decreased 3.46% or $0.56 on November 23, hitting $15.62. About 3.04 million shares traded hands or 48.29% up from the average. Flowers Foods, Inc. (NYSE:FLO) has declined 15.80% since April 22, 2016 and is downtrending. It has underperformed by 21.20% the S&P500.

Analysts await Flowers Foods, Inc. (NYSE:FLO) to report earnings on February, 8. They expect $0.16 earnings per share, 0.00% or $0.00 from last year’s $0.16 per share. FLO’s profit will be $33.19M for 24.41 P/E if the $0.16 EPS becomes a reality. After $0.21 actual earnings per share reported by Flowers Foods, Inc. for the previous quarter, Wall Street now forecasts -23.81% negative EPS growth.

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. Flowers Foods has been the topic of 15 analyst reports since September 21, 2015 according to StockzIntelligence Inc. The firm has “Neutral” rating given on Thursday, February 11 by Suntrust Robinson. As per Friday, February 12, the company rating was downgraded by BMO Capital Markets. As per Wednesday, December 16, the company rating was initiated by Jefferies. The rating was initiated by DA Davidson with “Neutral” on Wednesday, October 5. SunTrust maintained the stock with “Buy” rating in Tuesday, September 22 report. The firm earned “Equal-Weight” rating on Thursday, February 11 by Stephens. The firm has “Buy” rating by Jefferies given on Thursday, August 11. The company was initiated on Thursday, May 26 by KeyBanc Capital Markets. The stock has “Buy” rating given by Deutsche Bank on Monday, September 21. The company was upgraded on Tuesday, February 16 by BB&T Capital.

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 1.25 in 2016 Q2. Its up 0.05, from 1.2 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.
National Bank Of America De owns 825,923 shares or 0% of their US portfolio. Argi Inv Lc, a Kentucky-based fund reported 34,071 shares. Zebra Cap Mgmt Ltd Liability accumulated 0.56% or 85,309 shares. Dearborn Partners Ltd Liability Co has 16,975 shares for 0.03% of their US portfolio. Diamond Hill Cap Management holds 3.79 million shares or 0.45% of its portfolio. Bath Savings Tru owns 45,464 shares or 0.27% of their US portfolio. Quantbot Technologies Limited Partnership holds 47,035 shares or 0.09% of its portfolio. Principal Grp Inc last reported 0.02% of its portfolio in the stock. Wellington Shields And Co Ltd Liability Co last reported 1.63% of its portfolio in the stock. Echo Street Capital Mgmt Ltd Liability Corp has 0.88% invested in the company for 1.12 million shares. Great West Life Assurance Can owns 19,119 shares or 0% of their US portfolio. Moreover, Tnb Financial has 4.45% invested in Flowers Foods, Inc. (NYSE:FLO) for 900,788 shares. Swiss National Bank & Trust owns 321,063 shares or 0.01% of their US portfolio. Price T Rowe Assocs Md holds 15.21M shares or 0.06% of its portfolio. Huntington Savings Bank holds 0% or 3,694 shares in its portfolio.

Insider Transactions: Since June 2, 2016, the stock had 4 insider purchases, and 6 insider sales for $8.48 million net activity. SPEAR JAMES T also bought $152,797 worth of Flowers Foods, Inc. (NYSE:FLO) on Monday, August 22. 30,000 shares with value of $449,796 were bought by MCMULLIAN AMOS R on Thursday, August 25. LAN RICHARD also bought $212,485 worth of Flowers Foods, Inc. (NYSE:FLO) shares. $70,380 worth of shares were sold by TAYLOR TONJA W on Thursday, November 17. DEESE GEORGE E had sold 462,500 shares worth $7.00 million on Thursday, August 25. $1.13 million worth of Flowers Foods, Inc. (NYSE:FLO) was sold by ALEXANDER BRAD K. LEWIS MARGARET G bought $27,540 worth of stock or 1,800 shares.

Flowers Foods, Inc. is a producer and marketer of bakery products. The company has a market cap of $3.24 billion. The Firm operates in two divisions: direct-store-delivery segment and warehouse delivery segment (Warehouse Segment). It has a 18.03 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 important recent Flowers Foods, Inc. (NYSE:FLO) news were published by: Reuters.com which released: “BRIEF-Flowers Foods increases quarterly dividend by 10.3 pct to $0.16 per …” on September 20, 2016, also Prnewswire.com published article titled: “Flowers Foods, Inc. Reports Third Quarter 2016 Results”, Bizjournals.com published: “Flowers Foods launches ‘Project Centennial’ to boost profits in 2017” on November 13, 2016. More interesting news about Flowers Foods, Inc. (NYSE:FLO) was released by: Prnewswire.com and their article: “Flowers Foods Executive Vice President And COO Exercises Options” with publication date: November 16, 2016.

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