Treehouse Foods, Inc. (NYSE:THS) Rating Lowered to Neutral at UBS AG
Treehouse Foods, Inc. (NYSE:THS) was downgraded by research analysts at UBS AG from a “positive” rating to a “neutral” rating in a note issued to investors on Friday, The Fly reports.
Other equities research analysts also recently issued reports about the company. Jefferies Group LLC reaffirmed a “buy” rating and set a $100.00 price target on shares of Treehouse Foods in a research note on Friday, May 5th. BMO Capital Markets reaffirmed a “buy” rating and set a $90.00 price target on shares of Treehouse Foods in a research note on Tuesday, June 13th. Zacks Investment Research downgraded Treehouse Foods from a “hold” rating to a “sell” rating in a research note on Thursday, July 27th. Stifel Nicolaus reaffirmed a “buy” rating and set a $93.00 price target on shares of Treehouse Foods in a research note on Wednesday, April 26th. Finally, Wedbush downgraded Treehouse Foods from an “outperform” rating to a “neutral” rating in a research note on Friday, May 5th. Two research analysts have rated the stock with a sell rating, nine have given a hold rating and five have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of $86.40.
Shares of Treehouse Foods (NYSE THS) traded up 0.43% during trading on Friday, hitting $74.48. 2,752,029 shares of the stock were exchanged. Treehouse Foods has a one year low of $62.64 and a one year high of $100.51. The stock’s market cap is $4.24 billion. The stock’s 50 day moving average price is $81.93 and its 200 day moving average price is $81.83.
Treehouse Foods (NYSE:THS) last posted its quarterly earnings results on Thursday, August 3rd. The company reported $0.51 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.49 by $0.02. Treehouse Foods had a positive return on equity of 6.50% and a negative net margin of 3.90%. The company had revenue of $1.52 billion during the quarter, compared to the consensus estimate of $1.54 billion. During the same period last year, the business earned $0.54 EPS. The business’s quarterly revenue was down 1.2% on a year-over-year basis. Equities research analysts predict that Treehouse Foods will post $3.47 EPS for the current year.
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In other Treehouse Foods news, SVP Erik Thomas Kahler sold 5,700 shares of the firm’s stock in a transaction that occurred on Thursday, June 15th. The stock was 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 approximately $2,289,514.38. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Terdema L. Ussery II sold 8,200 shares of the firm’s stock in a transaction that occurred on Thursday, May 18th. The shares were sold at an average price of $76.55, for a total value of $627,710.00. Following the completion of the sale, the director now directly owns 10,610 shares in the company, valued at approximately $812,195.50. The disclosure for this sale can be found here. Insiders sold a total of 28,330 shares of company stock worth $2,183,843 in the last ninety days. Insiders own 3.50% of the company’s stock.
A number of hedge funds have recently added to or reduced their stakes in the stock. Creative Planning raised its stake in Treehouse Foods by 28.8% in the second quarter. Creative Planning now owns 1,379 shares of the company’s stock worth $113,000 after buying an additional 308 shares during the period. FNY Partners Fund LP acquired a new stake in Treehouse Foods during the first quarter worth about $126,000. Israel Discount Bank of New York acquired a new stake in Treehouse Foods during the first quarter worth about $140,000. State of Alaska Department of Revenue raised its stake in Treehouse Foods by 4.7% in the first quarter. State of Alaska Department of Revenue now owns 2,118 shares of the company’s stock worth $179,000 after buying an additional 96 shares during the period. Finally, Investment Counselors of Maryland LLC acquired a new stake in Treehouse Foods during the second quarter worth about $193,000.
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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