Insider Selling: Dennis F. Riordan Unloads 25,000 Shares of TreeHouse Foods Stock (THS)
TreeHouse Foods (NYSE:THS) CFO Dennis F. Riordan sold 25,000 shares of the company’s stock on the open market in a transaction dated Monday, June 9th. The stock was sold at an average price of $77.10, for a total value of $1,927,500.00. Following the completion of the sale, the chief financial officer now directly owns 42,563 shares of the company’s stock, valued at approximately $3,281,607. The sale was disclosed in a filing with the SEC, which can be accessed through this link.
TreeHouse Foods (NYSE:THS) traded up 0.26% during mid-day trading on Tuesday, hitting $78.21. The stock had a trading volume of 134,545 shares. TreeHouse Foods has a 1-year low of $62.76 and a 1-year high of $78.17. The stock has a 50-day moving average of $74.26 and a 200-day moving average of $70.63. The company has a market cap of $2.876 billion and a P/E ratio of 37.34.
TreeHouse Foods (NYSE:THS) last posted its quarterly earnings results 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 $3.61 EPS for the current fiscal year.
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. 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. Three research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. TreeHouse Foods 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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