TreeHouse Foods EVP Unloads $1,460,781 in Stock (THS)
TreeHouse Foods (NYSE:THS) EVP Harry J. Walsh sold 17,700 shares of TreeHouse Foods stock in a transaction that occurred on Wednesday, September 3rd. The shares were sold at an average price of $82.53, for a total transaction of $1,460,781.00. Following the completion of the sale, the executive vice president now directly owns 148,521 shares in the company, valued at approximately $12,257,438. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
A number of analysts have recently weighed in on THS shares. 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 equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. TreeHouse Foods currently has a consensus rating of “Buy” and a consensus price target 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’s 50-day moving average is $78.48 and its 200-day moving average is $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 released its earnings data on Thursday, August 7th. The company reported $0.84 EPS for the quarter, beating the Thomson Reuters 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 in the prior year, the company posted $0.65 earnings per share. The company’s quarterly revenue was up 19.3% on a year-over-year basis. On average, analysts predict that TreeHouse Foods will post $3.72 earnings per share 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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