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Investing.com - Jefferies has lowered its price target on Flowers Foods (NYSE:FLO) to $12.00 from $13.00 while maintaining a Hold rating on the stock. The new target sits close to the current price of $11.87, with shares trading near their 52-week low after falling over 41% year-to-date.
The price target reduction follows Flowers Foods ’ third-quarter results, which fell slightly short of expectations according to the investment firm. Despite these challenges, InvestingPro data shows the company remains profitable with a P/E ratio of 11.44, suggesting potential undervaluation compared to its growth prospects.
Jefferies noted that the company’s traditional loaf bread segment remains under pressure, while premium brands such as Dave’s Killer Bread and Canyon Bakehouse continue to gain market share.
Management is currently investing in portfolio transformation and innovation initiatives to address challenges in its product mix, according to the research note.
The investment firm cited high exposure to the traditional loaf segment and ongoing supply chain constraints as factors limiting near-term visibility for improvement in the company’s performance.
In other recent news, Flowers Foods Inc. announced its earnings for the third quarter of 2025, aligning with analysts’ projections. The company reported an earnings per share (EPS) of $0.23, accompanied by revenue amounting to 1.23 billion dollars. These results met the expectations set by analysts, providing a steady performance for the period. Despite the earnings meeting predictions, the company’s stock experienced a decline in aftermarket trading. This development reflects investor reactions to the earnings and broader market conditions. There were no significant mergers or acquisitions reported during this period. Additionally, there were no analyst upgrades or downgrades noted for Flowers Foods at this time. These updates provide a snapshot of the recent financial and market activities surrounding Flowers Foods.
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