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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.