Treehouse Foods, Inc. (THS) Upgraded at BidaskClub
Treehouse Foods, Inc. (NYSE:THS) was upgraded by analysts at BidaskClub from a “hold” rating to a “buy” rating in a research report issued on Wednesday.
Other research analysts also recently issued reports about the company. Stifel Nicolaus reiterated a “buy” rating and set a $93.00 target price on shares of Treehouse Foods in a research note on Wednesday, April 26th. Zacks Investment Research upgraded Treehouse Foods from a “hold” rating to a “buy” rating and set a $99.00 target price for the company in a research note on Wednesday, April 12th. BMO Capital Markets reiterated a “buy” rating and set a $90.00 target price on shares of Treehouse Foods in a research note on Tuesday, June 13th. Jefferies Group LLC reiterated a “buy” rating and set a $100.00 target price on shares of Treehouse Foods in a research note on Monday, May 15th. Finally, Wells Fargo & Company downgraded Treehouse Foods from an “outperform” rating to a “market perform” rating in a research note on Friday, May 5th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and seven have assigned a buy rating to the company. Treehouse Foods currently has a consensus rating of “Buy” and an average price target of $93.57.
Treehouse Foods (NYSE:THS) traded down 1.91% during midday trading on Wednesday, hitting $80.43. The stock had a trading volume of 456,778 shares. The firm’s market capitalization is $4.58 billion. Treehouse Foods has a 1-year low of $62.64 and a 1-year high of $104.53. The firm has a 50-day moving average price of $78.60 and a 200-day moving average price of $79.79.
Treehouse Foods (NYSE:THS) last issued its earnings results on Thursday, May 4th. The company reported $0.61 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.65 by $0.04. Treehouse Foods had a positive return on equity of 6.50% and a negative net margin of 3.12%. The business had revenue of $1.54 billion for the quarter, compared to the consensus estimate of $1.54 billion. During the same quarter in the prior year, the firm posted $0.48 earnings per share. The business’s revenue was up 20.9% compared to the same quarter last year. On average, equities research analysts anticipate that Treehouse Foods will post $3.52 earnings per share for the current year.
In other news, President Dennis F. Riordan sold 15,000 shares of the company’s stock in a transaction on Friday, April 28th. The stock was sold at an average price of $86.18, for a total transaction of $1,292,700.00. Following the completion of the sale, the president now directly owns 72,767 shares in the company, valued at approximately $6,271,060.06. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, SVP Erik Thomas Kahler sold 5,700 shares of the company’s stock in a transaction on Thursday, June 15th. The shares were sold at an average price of $79.34, for a total value of $452,238.00. Following the sale, the senior vice president now owns 28,857 shares of the company’s stock, valued at $2,289,514.38. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 58,330 shares of company stock valued at $4,744,043. Corporate insiders own 3.50% of the company’s stock.
Several institutional investors have recently bought and sold shares of THS. Israel Discount Bank of New York GFN acquired a new position in Treehouse Foods during the fourth quarter worth approximately $119,000. Norges Bank acquired a new position in Treehouse Foods during the fourth quarter worth approximately $37,045,000. Numeric Investors LLC acquired a new position in Treehouse Foods during the fourth quarter worth approximately $1,848,000. Thrivent Financial for Lutherans boosted its position in Treehouse Foods by 8.9% in the fourth quarter. Thrivent Financial for Lutherans now owns 9,680 shares of the company’s stock worth $699,000 after buying an additional 790 shares during the period. Finally, Teachers Retirement System of The State of Kentucky boosted its position in Treehouse Foods by 49.8% in the fourth quarter. Teachers Retirement System of The State of Kentucky now owns 41,218 shares of the company’s stock worth $3,191,000 after buying an additional 13,709 shares during the period.
About Treehouse Foods
TreeHouse Foods, Inc is a consumer packaged food and beverage manufacturer. The Company’s segments include North American Retail Grocery, Food Away From Home, and Industrial and Export. The Company manufactures a range of shelf stable, refrigerated, fresh and frozen products. Its product categories include beverages, salad dressings, snack nuts, beverage enhancers, pickles, sauces, cereals, pasta and dry dinners, cookies and crackers, retail bakery, aseptic products, jams and other products.
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