Treehouse Foods, Inc. (NYSE:THS) Given Average Rating of “Hold” by Brokerages
Shares of Treehouse Foods, Inc. (NYSE:THS) have earned a consensus rating of “Hold” from the twelve ratings firms that are presently covering the firm, Marketbeat reports. One investment analyst has rated the stock with a sell recommendation, five have given a hold recommendation and six have given a buy recommendation to the company. The average 12-month target price among analysts that have issued a report on the stock in the last year is $93.20.
Several research analysts have recently issued reports on the stock. Stifel Nicolaus restated a “buy” rating and set a $93.00 price objective on shares of Treehouse Foods in a report on Wednesday, April 26th. Zacks Investment Research lowered shares of Treehouse Foods from a “buy” rating to a “hold” rating in a research report on Thursday, April 27th. J P Morgan Chase & Co reiterated an “overweight” rating and set a $95.00 target price on shares of Treehouse Foods in a research report on Monday, April 3rd. BidaskClub upgraded shares of Treehouse Foods from a “hold” rating to a “buy” rating in a research report on Wednesday, June 21st. Finally, BMO Capital Markets reiterated a “buy” rating on shares of Treehouse Foods in a research report on Tuesday.
Treehouse Foods (NYSE:THS) opened at 83.17 on Friday. The company’s market cap is $4.74 billion. The firm has a 50-day moving average of $80.51 and a 200-day moving average of $81.02. Treehouse Foods has a one year low of $62.64 and a one year high of $104.18.
Treehouse Foods (NYSE:THS) last posted its quarterly earnings data on Thursday, May 4th. The company reported $0.61 earnings per share (EPS) for the quarter, missing the 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 company had revenue of $1.54 billion for the quarter, compared to the consensus estimate of $1.54 billion. During the same quarter in the previous year, the firm posted $0.48 EPS. The business’s revenue for the quarter was up 20.9% compared to the same quarter last year. On average, analysts predict that Treehouse Foods will post $3.51 EPS for the current year.
In other Treehouse Foods news, President Dennis F. Riordan sold 15,000 shares of the business’s stock in a transaction dated Friday, April 28th. The shares were sold at an average price of $86.18, for a total value of $1,292,700.00. Following the transaction, the president now directly owns 72,767 shares in the company, valued at $6,271,060.06. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, SVP Erik Thomas Kahler sold 5,700 shares of the business’s stock in a transaction dated Thursday, June 15th. The shares were sold at an average price of $79.34, for a total transaction of $452,238.00. Following the completion of the transaction, the senior vice president now owns 28,857 shares in the company, valued at $2,289,514.38. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 43,330 shares of company stock worth $3,476,543. Company insiders own 3.50% of the company’s stock.
A number of institutional investors have recently added to or reduced their stakes in THS. BB&T Corp raised its position in Treehouse Foods by 9.1% in the second quarter. BB&T Corp now owns 9,616 shares of the company’s stock worth $785,000 after buying an additional 800 shares during the period. State Treasurer State of Michigan raised its position in shares of Treehouse Foods by 1.7% in the second quarter. State Treasurer State of Michigan now owns 23,500 shares of the company’s stock worth $1,920,000 after buying an additional 400 shares during the last quarter. Highland Capital Management LLC bought a new position in shares of Treehouse Foods during the second quarter worth about $516,000. Aperio Group LLC raised its position in shares of Treehouse Foods by 45.2% in the second quarter. Aperio Group LLC now owns 21,389 shares of the company’s stock worth $1,747,000 after buying an additional 6,656 shares during the last quarter. Finally, Diversified Trust Co raised its position in shares of Treehouse Foods by 0.6% in the second quarter. Diversified Trust Co now owns 8,055 shares of the company’s stock worth $658,000 after buying an additional 50 shares during the last quarter.
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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