TreeHouse Foods EVP Harry J. Walsh Unloads 25,000 Shares (THS)
TreeHouse Foods (NYSE:THS) EVP Harry J. Walsh unloaded 25,000 shares of TreeHouse Foods stock on the open market in a transaction that occurred on Friday, May 30th. The shares were sold at an average price of $74.92, for a total value of $1,873,000.00. Following the completion of the transaction, the executive vice president now directly owns 146,543 shares in the company, valued at approximately $10,979,002. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
A number of research firms have recently commented on THS. 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 research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus target price of $76.43.
TreeHouse Foods (NYSE:THS) traded down 0.39% during mid-day trading on Monday, hitting $74.66. The stock had a trading volume of 199,018 shares. TreeHouse Foods has a 1-year low of $62.76 and a 1-year high of $76.85. The stock has a 50-day moving average of $73.50 and a 200-day moving average of $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 posted its quarterly earnings results on Thursday, May 8th. The company reported $0.80 earnings per share (EPS) for the quarter, beating the 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 in the previous year, the company posted $0.74 earnings per share. The company’s revenue for the quarter was up 14.6% on a year-over-year basis. Analysts expect that TreeHouse Foods will post $3.60 EPS for the current fiscal year.
TreeHouse Foods, Inc (NYSE:THS) is a food manufacturer servicing the retail grocery and foodservice distribution channels.
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