Insider Selling: Sam K. Reed Unloads 30,000 Shares of TreeHouse Foods Stock (THS)
TreeHouse Foods (NYSE:THS) CEO Sam K. Reed unloaded 30,000 shares of the stock on the open market in a transaction that occurred on Wednesday, September 3rd. The stock was sold at an average price of $82.44, for a total value of $2,473,200.00. Following the transaction, the chief executive officer now directly owns 8,046 shares in the company, valued at approximately $663,312. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
THS has been the subject of a number of recent research reports. Analysts at Zacks downgraded shares of TreeHouse Foods from an “outperform” rating to a “neutral” rating in a research note on Tuesday. They now have a $85.00 price target on the stock. Separately, analysts at BMO Capital Markets raised their price target on shares of TreeHouse Foods from $71.00 to $80.00 in a research note on Friday, August 8th. Finally, analysts at Bank of America reiterated a “buy” rating on shares of TreeHouse Foods in a research note on Friday, July 18th. Four research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. TreeHouse Foods currently has an average rating of “Buy” and an average target price of $78.00.
Shares of TreeHouse Foods (NYSE:THS) traded down 0.42% during mid-day trading on Thursday, hitting $81.06. 141,239 shares of the company’s stock traded hands. TreeHouse Foods has a 52-week low of $62.76 and a 52-week high of $83.42. The stock has a 50-day moving average of $78.48 and a 200-day moving average of $75.18. The company has a market cap of $3.410 billion and a P/E ratio of 37.55.
TreeHouse Foods (NYSE:THS) last posted its quarterly earnings results on Thursday, August 7th. The company reported $0.84 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.83 by $0.01. The company had revenue of $628.00 million for the quarter, compared to the consensus estimate of $615.64 million. During the same quarter last year, the company posted $0.65 earnings per share. TreeHouse Foods’s revenue was up 19.3% compared to the same quarter last year. Analysts expect that TreeHouse Foods will post $3.72 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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