TreeHouse Foods Director David B. Vermylen Sells 23,585 Shares (THS)
TreeHouse Foods (NYSE:THS) Director David B. Vermylen sold 23,585 shares of the stock on the open market in a transaction dated Wednesday, September 3rd. The shares were sold at an average price of $82.22, for a total transaction of $1,939,158.70. Following the completion of the sale, the director now directly owns 30,590 shares in the company, valued at approximately $2,515,110. The sale was disclosed in a legal 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 given a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus target price of $78.00.
Shares of TreeHouse Foods (NYSE:THS) traded down 0.42% during mid-day trading on Thursday, hitting $81.06. The stock had a trading volume of 141,239 shares. 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 price-to-earnings ratio of 37.55.
TreeHouse Foods (NYSE:THS) last announced its 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.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.