TreeHouse Foods SVP Erik Thomas Kahler Sells 10,000 Shares (THS)
TreeHouse Foods (NYSE:THS) SVP Erik Thomas Kahler sold 10,000 shares of TreeHouse Foods stock on the open market in a transaction that occurred on Wednesday, July 2nd. The shares were sold at an average price of $80.05, for a total value of $800,500.00. Following the completion of the sale, the senior vice president now directly owns 16,287 shares of the company’s stock, valued at approximately $1,303,774. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
THS has been the subject of a number of recent research reports. Analysts at Zacks upgraded shares of TreeHouse Foods from a “neutral” rating to an “outperform” rating in a research note on Wednesday. They now have a $83.00 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. They now have a $93.00 price target on the stock, up previously from $86.00. Finally, 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. Three research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average target price of $78.13.
Shares of TreeHouse Foods (NYSE:THS) traded down 0.88% on Thursday, hitting $80.73. The stock had a trading volume of 131,914 shares. TreeHouse Foods has a 52 week low of $62.76 and a 52 week high of $83.19. The stock has a 50-day moving average of $76.17 and a 200-day moving average of $71.60. The company has a market cap of $2.969 billion and a price-to-earnings ratio of 38.99.
TreeHouse Foods (NYSE:THS) last released its earnings data on Thursday, May 8th. The company reported $0.80 EPS for the quarter, beating the Thomson Reuters 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 prior year, the company posted $0.74 earnings per share. The company’s quarterly revenue was up 14.6% on a year-over-year basis. Analysts expect that TreeHouse Foods will post $3.67 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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