Flowers Foods Expands Snacking Segment With $795 Million Simple Mills Acquisition
Written by Emily J. Thompson, Senior Investment Analyst
Source: Benzinga
Acquisition Details: Flowers Foods, Inc. is acquiring Simple Mills for $795 million, financed by a term loan from the Royal Bank of Canada, with the deal expected to close in early 2025 pending regulatory approval.
Financial Impact: The acquisition is projected to enhance Flowers' net sales and EBITDA growth, contributing positively to earnings per share starting in 2026, while increasing its total net debt to approximately $1.9 billion.
Analyst Views on FXG
Wall Street analysts forecast FXG stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for FXG is USD with a low forecast of USD and a high forecast of USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
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About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
