Treehouse Foods, Inc. (NYSE:THS) Receives Consensus Rating of “Hold” from Analysts
Shares of Treehouse Foods, Inc. (NYSE:THS) have been given an average rating of “Hold” by the sixteen analysts that are currently covering the stock, MarketBeat.com reports. Two research analysts have rated the stock with a sell recommendation, nine have issued a hold recommendation and five have assigned a buy recommendation to the company. The average 1-year price objective among analysts that have updated their coverage on the stock in the last year is $83.58.
A number of research analysts have issued reports on THS shares. Wells Fargo & Company lowered shares of Treehouse Foods from an “outperform” rating to a “market perform” rating in a research report on Friday, May 5th. Zacks Investment Research downgraded shares of Treehouse Foods from a “buy” rating to a “hold” rating in a report on Thursday, April 27th. BidaskClub downgraded shares of Treehouse Foods from a “buy” rating to a “hold” rating in a report on Wednesday, June 28th. Barclays PLC cut their price target on shares of Treehouse Foods from $90.00 to $84.00 and set an “overweight” rating for the company in a report on Friday, August 4th. Finally, BMO Capital Markets cut their price target on shares of Treehouse Foods from $90.00 to $85.00 and set an “outperform” rating for the company in a report on Friday, August 4th.
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In related news, Director Terdema L. Ussery II sold 8,200 shares of the 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 transaction, the director now owns 10,610 shares of the company’s stock, valued at approximately $812,195.50. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, SVP Erik Thomas Kahler sold 5,700 shares of the stock in a transaction that occurred 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 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. 3.50% of the stock is owned by corporate insiders.
A number of institutional investors have recently modified their holdings of the stock. Teachers Advisors LLC increased its position in shares of Treehouse Foods by 6.5% in the fourth quarter. Teachers Advisors LLC now owns 55,724 shares of the company’s stock valued at $4,023,000 after buying an additional 3,415 shares during the last quarter. Bank of Montreal Can increased its position in shares of Treehouse Foods by 14.2% in the first quarter. Bank of Montreal Can now owns 8,953 shares of the company’s stock valued at $758,000 after buying an additional 1,114 shares during the last quarter. Capstone Asset Management Co. increased its position in shares of Treehouse Foods by 3.5% in the first quarter. Capstone Asset Management Co. now owns 7,456 shares of the company’s stock valued at $631,000 after buying an additional 250 shares during the last quarter. Atria Investments LLC bought a new position in shares of Treehouse Foods during the first quarter valued at approximately $329,000. Finally, Fox Run Management L.L.C. bought a new position in shares of Treehouse Foods during the first quarter valued at approximately $474,000.
Treehouse Foods (NYSE:THS) opened at 72.60 on Tuesday. The stock has a 50 day moving average of $80.37 and a 200-day moving average of $81.85. Treehouse Foods has a 1-year low of $62.64 and a 1-year high of $97.74. The company’s market cap is $4.15 billion.
Treehouse Foods (NYSE:THS) last announced its earnings results on Thursday, August 3rd. The company reported $0.51 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.49 by $0.02. Treehouse Foods had a negative net margin of 3.90% and a positive return on equity of 6.54%. The firm had revenue of $1.52 billion for the quarter, compared to analyst estimates of $1.54 billion. During the same quarter in the prior year, the business posted $0.54 EPS. The business’s revenue was down 1.2% compared to the same quarter last year. On average, equities research analysts predict that Treehouse Foods will post $3.19 earnings per share for the current year.
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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