Treehouse Foods, Inc. (THS) Downgraded by Vertical Group to Hold
Treehouse Foods, Inc. (NYSE:THS) was downgraded by investment analysts at Vertical Group from a “buy” rating to a “hold” rating in a research note issued to investors on Friday. They currently have a $62.64 target price on the stock, down from their previous target price of $100.61. Vertical Group’s price target would indicate a potential downside of 15.90% from the company’s previous close.
A number of other analysts have also weighed in on THS. J P Morgan Chase & Co lowered Treehouse Foods from an “overweight” rating to a “neutral” rating and set a $76.00 price objective for the company. in a research note on Friday. UBS AG lowered Treehouse Foods from a “positive” rating to a “neutral” rating in a research note on Friday. Vertical Research lowered Treehouse Foods from a “buy” rating to a “hold” rating in a research note on Friday. Susquehanna Bancshares Inc reissued a “neutral” rating on shares of Treehouse Foods in a research note on Friday. Finally, Zacks Investment Research lowered Treehouse Foods from a “hold” rating to a “sell” rating in a research note on Thursday, July 27th. Two equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and five have given a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of $86.40.
Shares of Treehouse Foods (NYSE:THS) traded up 0.43% on Friday, reaching $74.48. 2,752,029 shares of the company traded hands. The stock’s market cap is $4.24 billion. The stock has a 50 day moving average of $81.93 and a 200 day moving average of $81.83. Treehouse Foods has a 52-week low of $62.64 and a 52-week high of $100.51.
Treehouse Foods (NYSE:THS) last released its quarterly earnings data on Thursday, August 3rd. The company reported $0.51 earnings per share for the quarter, beating analysts’ consensus estimates of $0.49 by $0.02. The firm had revenue of $1.52 billion during the quarter, compared to analyst estimates of $1.54 billion. Treehouse Foods had a positive return on equity of 6.50% and a negative net margin of 3.90%. The business’s quarterly revenue was down 1.2% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.54 earnings per share. On average, analysts expect that Treehouse Foods will post $3.47 earnings per share for the current year.
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In related news, Director Terdema L. Ussery II sold 8,200 shares of the firm’s stock in a transaction on Thursday, May 18th. The stock was 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 owns 10,610 shares of the company’s stock, valued at $812,195.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Erik Thomas Kahler sold 5,700 shares of the firm’s stock in a transaction 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 completion of the sale, the senior vice president now directly owns 28,857 shares of the company’s stock, valued at approximately $2,289,514.38. The disclosure for this sale can be found here. Insiders sold 28,330 shares of company stock valued at $2,183,843 in the last ninety days. 3.50% of the stock is currently owned by insiders.
A number of hedge funds have recently made changes to their positions in THS. RiverPoint Capital Management LLC acquired a new stake in shares of Treehouse Foods during the second quarter worth approximately $282,000. State Board of Administration of Florida Retirement System raised its stake in shares of Treehouse Foods by 6.7% in the second quarter. State Board of Administration of Florida Retirement System now owns 67,873 shares of the company’s stock worth $5,545,000 after buying an additional 4,245 shares during the last quarter. Marshall Wace LLP raised its stake in shares of Treehouse Foods by 41.7% in the second quarter. Marshall Wace LLP now owns 13,811 shares of the company’s stock worth $1,133,000 after buying an additional 4,064 shares during the last quarter. Jennison Associates LLC raised its stake in shares of Treehouse Foods by 80.8% in the second quarter. Jennison Associates LLC now owns 975,817 shares of the company’s stock worth $79,714,000 after buying an additional 436,163 shares during the last quarter. Finally, BNP Paribas Arbitrage SA raised its stake in shares of Treehouse Foods by 5.2% in the second quarter. BNP Paribas Arbitrage SA now owns 25,854 shares of the company’s stock worth $2,112,000 after buying an additional 1,276 shares during the last quarter.
Treehouse Foods Company Profile
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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