Flowers Stock Hits New 52-Week High (FLO)

NEW YORK ( TheStreet) -- Flowers Foods (NYSE: FLO) hit a new 52-week high Tuesday as it is currently trading at $23.15, above its previous 52-week high of $23.13 with 229,952 shares traded as of 12:19 p.m. ET. Average volume has been 684,400 shares over the past 30 days.

Flowers has a market cap of $3.11 billion and is part of the consumer goods sector and food & beverage industry. Shares are up 21.4% year to date as of the close of trading on Monday.

Flowers Foods, Inc. produces and markets bakery products in the United States. It operates in two segments, Direct-Store-Delivery (DSD) and Warehouse Delivery. The company has a P/E ratio of 26, above the average food & beverage industry P/E ratio of 25.7 and above the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Flowers as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, expanding profit margins, largely solid financial position with reasonable debt levels by most measures and notable return on equity. We feel these strengths outweigh the fact that the company has had lackluster performance in the stock itself. You can view the full Flowers Ratings Report.

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