Insider Buying: Treehouse Foods, Inc. (THS) Director Acquires 2,000 Shares of Stock
Treehouse Foods, Inc. (NYSE:THS) Director Gary Dale Smith bought 2,000 shares of the stock in a transaction on Tuesday, November 7th. The shares were bought at an average cost of $42.64 per share, with a total value of $85,280.00. Following the purchase, the director now owns 271 shares of the company’s stock, valued at $11,555.44. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website.
Shares of Treehouse Foods, Inc. (NYSE:THS) traded up $0.26 during trading hours on Wednesday, reaching $43.00. 1,059,840 shares of the company traded hands, compared to its average volume of 1,487,863. The firm has a market capitalization of $2,435.65, a PE ratio of 14.53, a price-to-earnings-growth ratio of 1.99 and a beta of 0.63. Treehouse Foods, Inc. has a 52-week low of $40.26 and a 52-week high of $90.42. The company has a current ratio of 2.16, a quick ratio of 0.81 and a debt-to-equity ratio of 1.01.
Treehouse Foods (NYSE:THS) last issued its earnings results on Thursday, November 2nd. The company reported $0.67 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.78 by ($0.11). The firm had revenue of $1.55 billion during the quarter, compared to analyst estimates of $1.52 billion. Treehouse Foods had a net margin of 1.86% and a return on equity of 4.49%. The firm’s revenue was down 2.4% compared to the same quarter last year. During the same period last year, the business earned $0.70 EPS. research analysts predict that Treehouse Foods, Inc. will post 2.72 EPS for the current fiscal year.
Treehouse Foods announced that its Board of Directors has authorized a stock buyback plan on Thursday, November 2nd that permits the company to repurchase $400.00 million in outstanding shares. This repurchase authorization permits the company to reacquire shares of its stock through open market purchases. Shares repurchase plans are typically an indication that the company’s leadership believes its shares are undervalued.
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A number of large investors have recently modified their holdings of THS. Teachers Advisors LLC raised its holdings in Treehouse Foods by 8.6% in the first quarter. Teachers Advisors LLC now owns 60,506 shares of the company’s stock valued at $5,122,000 after acquiring an additional 4,782 shares in the last quarter. Morgan Stanley raised its holdings in Treehouse Foods by 18.9% during the first quarter. Morgan Stanley now owns 143,613 shares of the company’s stock worth $12,158,000 after purchasing an additional 22,870 shares in the last quarter. Renaissance Technologies LLC acquired a new stake in Treehouse Foods during the first quarter worth approximately $10,244,000. Schwab Charles Investment Management Inc. raised its holdings in Treehouse Foods by 14.5% during the first quarter. Schwab Charles Investment Management Inc. now owns 208,922 shares of the company’s stock worth $17,688,000 after purchasing an additional 26,528 shares in the last quarter. Finally, Public Employees Retirement System of Ohio raised its holdings in Treehouse Foods by 0.4% during the first quarter. Public Employees Retirement System of Ohio now owns 26,846 shares of the company’s stock worth $2,273,000 after purchasing an additional 104 shares in the last quarter.
Several research analysts have weighed in on THS shares. Zacks Investment Research lowered shares of Treehouse Foods from a “hold” rating to a “sell” rating in a research note on Thursday, July 27th. Susquehanna Bancshares Inc reissued a “hold” rating and issued a $75.00 price objective on shares of Treehouse Foods in a research note on Monday, October 9th. BMO Capital Markets reissued a “buy” rating on shares of Treehouse Foods in a research note on Tuesday, July 18th. UBS AG initiated coverage on shares of Treehouse Foods in a research note on Wednesday, October 18th. They issued a “neutral” rating and a $70.00 price objective for the company. Finally, Jefferies Group LLC set a $100.00 price objective on shares of Treehouse Foods and gave the company a “buy” rating in a research note on Sunday, October 29th. Three analysts have rated the stock with a sell rating, eleven have given a hold rating and four have issued a buy rating to the stock. Treehouse Foods presently has an average rating of “Hold” and a consensus target price of $62.89.
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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