Vertical Research Downgrades Treehouse Foods, Inc. (NYSE:THS) to Hold
Treehouse Foods, Inc. (NYSE:THS) was downgraded by investment analysts at Vertical Research from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Friday, The Fly reports.
A number of other brokerages also recently commented on THS. 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 downgraded shares of Treehouse Foods from a “hold” rating to a “sell” rating in a research note on Thursday, July 27th. Wells Fargo & Company downgraded shares of Treehouse Foods from an “outperform” rating to a “market perform” rating in a research note on Friday, May 5th. UBS AG downgraded shares of Treehouse Foods from a “positive” rating to a “neutral” rating in a research note on Friday. Finally, 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. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating and five have issued a buy rating to the company. The company currently has an average rating of “Hold” and an average target price of $86.40.
Treehouse Foods (NYSE THS) traded up 0.43% during mid-day trading on Friday, hitting $74.48. The stock had a trading volume of 2,752,029 shares. The stock’s market cap is $4.24 billion. Treehouse Foods has a 52-week low of $62.64 and a 52-week high of $100.51. The firm has a 50-day moving average of $81.93 and a 200-day moving average of $81.83.
Treehouse Foods (NYSE:THS) last issued its earnings results on Thursday, August 3rd. The company reported $0.51 EPS for the quarter, topping analysts’ consensus estimates of $0.49 by $0.02. The firm had revenue of $1.52 billion during the quarter, compared to the consensus estimate of $1.54 billion. Treehouse Foods had a negative net margin of 3.90% and a positive return on equity of 6.50%. The company’s revenue was down 1.2% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.54 earnings per share. On average, analysts forecast that Treehouse Foods will post $3.47 EPS for the current fiscal year.
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In other Treehouse Foods news, CAO Thomas Emmet Oneill III sold 14,430 shares of the company’s stock in a transaction on Monday, May 15th. The shares were sold at an average price of $76.50, for a total value of $1,103,895.00. Following the completion of the transaction, the chief accounting officer now owns 130,708 shares in the company, valued at $9,999,162. The transaction 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 company’s stock in a transaction on 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 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 90 days. 3.50% of the stock is currently owned by insiders.
A number of institutional investors have recently added to or reduced their stakes in the stock. Creative Planning increased its position in Treehouse Foods by 28.8% in the second quarter. Creative Planning now owns 1,379 shares of the company’s stock valued at $113,000 after buying an additional 308 shares in the last quarter. FNY Partners Fund LP bought a new position in Treehouse Foods during the first quarter valued at about $126,000. Israel Discount Bank of New York bought a new position in Treehouse Foods during the first quarter valued at about $140,000. State of Alaska Department of Revenue increased its position 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 valued at $179,000 after buying an additional 96 shares in the last quarter. Finally, Investment Counselors of Maryland LLC bought a new position in Treehouse Foods during the second quarter valued at about $193,000.
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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