Treehouse Foods, Inc. (THS) Given Consensus Rating of “Hold” by Analysts
Shares of Treehouse Foods, Inc. (NYSE:THS) have been given a consensus recommendation of “Hold” by the sixteen brokerages that are currently covering the firm, Marketbeat Ratings reports. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating and five have assigned a buy rating to the company. The average twelve-month price target among brokers that have updated their coverage on the stock in the last year is $81.85.
A number of research analysts recently commented on the stock. BidaskClub downgraded shares of Treehouse Foods from a “hold” rating to a “sell” rating in a report on Thursday, August 24th. J P Morgan Chase & Co cut Treehouse Foods from an “overweight” rating to a “neutral” rating and reduced their price objective for the stock from $90.00 to $76.00 in a research note on Friday, August 4th. Vertical Research downgraded Treehouse Foods from a “buy” rating to a “hold” rating in a research report on Friday, August 4th. Barclays PLC decreased their price objective on Treehouse Foods from $90.00 to $84.00 and set an “overweight” rating on the stock in a research report on Friday, August 4th. Finally, BMO Capital Markets decreased their price objective on Treehouse Foods from $90.00 to $85.00 and set an “outperform” rating on the stock in a research report on Friday, August 4th.
In other Treehouse Foods news, CEO Sam K. Reed sold 11,480 shares of the company’s stock in a transaction on Thursday, September 7th. The stock was sold at an average price of $66.32, for a total value of $761,353.60. Following the transaction, the chief executive officer now owns 70,647 shares of the company’s stock, valued at approximately $4,685,309.04. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 3.50% of the stock is owned by insiders.
A number of hedge funds have recently added to or reduced their stakes in THS. BlackRock Inc. lifted its position in shares of Treehouse Foods by 0.4% during the second quarter. BlackRock Inc. now owns 4,668,862 shares of the company’s stock worth $381,400,000 after purchasing an additional 16,592 shares during the last quarter. Wells Fargo & Company MN boosted its stake in shares of Treehouse Foods by 13.5% during the second quarter. Wells Fargo & Company MN now owns 4,576,600 shares of the company’s stock valued at $373,861,000 after purchasing an additional 543,475 shares during the period. Vanguard Group Inc. grew its holdings in shares of Treehouse Foods by 1.2% in the second quarter. Vanguard Group Inc. now owns 4,574,766 shares of the company’s stock worth $373,713,000 after purchasing an additional 56,356 shares during the last quarter. FMR LLC grew its holdings in shares of Treehouse Foods by 2.3% in the second quarter. FMR LLC now owns 3,866,371 shares of the company’s stock worth $315,843,000 after purchasing an additional 87,098 shares during the last quarter. Finally, JPMorgan Chase & Co. grew its holdings in shares of Treehouse Foods by 4.6% in the second quarter. JPMorgan Chase & Co. now owns 3,691,824 shares of the company’s stock worth $301,585,000 after purchasing an additional 161,421 shares during the last quarter.
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Treehouse Foods (THS) opened at 67.43 on Wednesday. The company’s market cap is $3.86 billion. Treehouse Foods has a one year low of $62.64 and a one year high of $90.42. The stock has a 50 day moving average of $67.72 and a 200 day moving average of $78.08.
Treehouse Foods (NYSE:THS) last issued its quarterly earnings data on Thursday, August 3rd. The company reported $0.51 EPS for the quarter, topping analysts’ consensus estimates 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 business had revenue of $1.52 billion during the quarter, compared to analysts’ expectations of $1.54 billion. During the same period last year, the company posted $0.54 EPS. The business’s revenue was down 1.2% on a year-over-year basis. On average, analysts anticipate that Treehouse Foods will post $3.18 earnings per share for the current fiscal year.
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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