Treehouse Foods, Inc. (THS) Upgraded to Hold by Zacks Investment Research
Treehouse Foods, Inc. (NYSE:THS) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a report issued on Monday.
According to Zacks, “Shares of TreeHouse Foods have declined and underperformed the industry in the past six months. Evolving consumer buying patterns and unfavorable market conditions pose threats to the company. Pricing lag from commodity cost increases along with operating inefficiencies owing to weak volumes has been hurting the company’s performance. The divestiture of the canned soup and infant feeding business has also lowered the company’s revenue opportunities. TreeHouse Foods also remains exposed to currency headwinds due to its significant exposure in international markets. Nevertheless, TreeHouse Foods continues to work diligently to improve its operational effectiveness and reduce cost structure through its TreeHouse 2020 initiative. The company’s enhanced focus on organic food products is also encouraging. Estimates of the company have remained stable ahead of its third-quarter results.”
A number of other brokerages also recently commented on THS. BidaskClub downgraded Treehouse Foods from a “hold” rating to a “sell” rating in a research report on Thursday, August 24th. Susquehanna Bancshares Inc reaffirmed a “hold” rating and set a $75.00 price target on shares of Treehouse Foods in a research report on Monday, October 9th. Barclays PLC decreased their price target on Treehouse Foods from $90.00 to $84.00 and set an “overweight” rating for the company in a research report on Friday, August 4th. BMO Capital Markets decreased their price target on Treehouse Foods from $90.00 to $85.00 and set an “outperform” rating for the company in a research report on Friday, August 4th. Finally, Vertical Research downgraded Treehouse Foods from a “buy” rating to a “hold” rating in a research report on Friday, August 4th. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating and five have given a buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of $80.36.
Treehouse Foods (NYSE:THS) traded down 0.37% on Monday, hitting $68.09. The company’s stock had a trading volume of 230,791 shares. Treehouse Foods has a 12 month low of $62.64 and a 12 month high of $90.42. The firm has a 50 day moving average of $67.38 and a 200-day moving average of $75.94. The stock’s market cap is $3.89 billion.
Treehouse Foods (NYSE:THS) last issued its quarterly earnings data on Thursday, August 3rd. The company reported $0.51 EPS for the quarter, topping the consensus estimate 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 positive return on equity of 6.54% and a negative net margin of 3.90%. The company’s quarterly revenue was down 1.2% compared to the same quarter last year. During the same period in the prior year, the business posted $0.54 earnings per share. On average, analysts expect that Treehouse Foods will post $3.18 earnings per share for the current fiscal year.
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In other Treehouse Foods news, CEO Sam K. Reed sold 11,480 shares of the stock in a transaction on Monday, October 9th. The stock was sold at an average price of $67.58, for a total transaction of $775,818.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 3.50% of the stock is currently owned by corporate insiders.
A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Teachers Advisors LLC boosted its holdings in shares of Treehouse Foods by 8.6% in the first quarter. Teachers Advisors LLC now owns 60,506 shares of the company’s stock worth $5,122,000 after acquiring an additional 4,782 shares during the period. Thrivent Financial For Lutherans boosted its holdings in shares of Treehouse Foods by 11.8% in the first quarter. Thrivent Financial For Lutherans now owns 10,820 shares of the company’s stock worth $916,000 after acquiring an additional 1,140 shares during the period. Dimensional Fund Advisors LP boosted its holdings in shares of Treehouse Foods by 7.5% in the first quarter. Dimensional Fund Advisors LP now owns 766,183 shares of the company’s stock worth $64,865,000 after acquiring an additional 53,610 shares during the period. Morgan Stanley boosted its holdings in shares of Treehouse Foods by 18.9% in the first quarter. Morgan Stanley now owns 143,613 shares of the company’s stock worth $12,158,000 after acquiring an additional 22,870 shares during the period. Finally, Renaissance Technologies LLC bought a new position in shares of Treehouse Foods in the first quarter worth $10,244,000.
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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