TreeHouse Foods CEO Sam K. Reed Unloads 20,000 Shares (THS)
TreeHouse Foods (NYSE:THS) CEO Sam K. Reed sold 20,000 shares of TreeHouse Foods stock on the open market in a transaction dated Monday, June 2nd. The shares were sold at an average price of $74.08, for a total value of $1,481,600.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
TreeHouse Foods (NYSE:THS) traded down 0.39% on Monday, hitting $74.66. 199,018 shares of the company’s stock traded hands. TreeHouse Foods has a 52-week low of $62.76 and a 52-week high of $76.85. The stock’s 50-day moving average is $73.50 and its 200-day moving average is $70.41. The company has a market cap of $2.746 billion and a price-to-earnings ratio of 35.88.
TreeHouse Foods (NYSE:THS) last issued its quarterly earnings data on Thursday, May 8th. The company reported $0.80 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.79 by $0.01. The company had revenue of $618.90 million for the quarter, compared to the consensus estimate of $617.01 million. During the same quarter last year, the company posted $0.74 earnings per share. TreeHouse Foods’s revenue was up 14.6% compared to the same quarter last year. Analysts expect that TreeHouse Foods will post $3.60 EPS for the current fiscal year.
THS has been the subject of a number of recent research reports. Analysts at Credit Suisse reiterated a “neutral” rating on shares of TreeHouse Foods in a research note on Monday, April 28th. They now have a $72.00 price target on the stock. Separately, analysts at Citigroup Inc. reiterated a “buy” rating on shares of TreeHouse Foods in a research note on Tuesday, April 22nd. They now have a $86.00 price target on the stock. Finally, analysts at JPMorgan Chase & Co. raised their price target on shares of TreeHouse Foods from $68.00 to $70.00 in a research note on Monday, March 10th. They now have a “neutral” rating on the stock. Three analysts have rated the stock with a hold rating and six have given a buy rating to the company. The company currently has an average rating of “Buy” and an average target price of $76.43.
TreeHouse Foods, Inc (NYSE:THS) is a food manufacturer servicing the retail grocery and foodservice distribution channels.
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