Treehouse Foods (NYSE:THS) received a $39.00 target price from J P Morgan Chase & Co in a research report issued on Wednesday. The brokerage presently has a “sell” rating on the stock. J P Morgan Chase & Co’s price target points to a potential downside of 16.99% from the stock’s current price.
A number of other analysts have also weighed in on THS. Jefferies Group reaffirmed a “buy” rating and issued a $100.00 price objective on shares of Treehouse Foods in a research note on Tuesday, September 26th. Credit Suisse Group set a $68.00 price objective on shares of Treehouse Foods and gave the stock a “neutral” rating in a research note on Tuesday, October 31st. Bank of America assumed coverage on shares of Treehouse Foods in a research note on Tuesday, September 19th. They issued a “neutral” rating and a $68.00 price objective for the company. BidaskClub lowered shares of Treehouse Foods from a “hold” rating to a “sell” rating in a research note on Thursday, August 24th. Finally, Wolfe Research assumed coverage on shares of Treehouse Foods in a research note on Monday, December 4th. They issued a “market perform” rating for the company. Three analysts have rated the stock with a sell rating, twelve have assigned a hold rating and four have given a buy rating to the company. The stock presently has an average rating of “Hold” and an average price target of $59.51.
Treehouse Foods (NYSE THS) traded up $0.44 during trading hours on Wednesday, reaching $46.98. 1,183,904 shares of the company were exchanged, compared to its average volume of 792,329. Treehouse Foods has a 52 week low of $40.26 and a 52 week high of $90.42. The stock has a market capitalization of $2,662.79, a price-to-earnings ratio of 15.88, a PEG ratio of 2.59 and a beta of 0.49. 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 released its quarterly earnings data on Thursday, November 2nd. The company reported $0.67 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.78 by ($0.11). Treehouse Foods had a positive return on equity of 6.61% and a negative net margin of 4.06%. The business had revenue of $1.55 billion during the quarter, compared to analysts’ expectations of $1.52 billion. During the same period last year, the company earned $0.70 earnings per share. The firm’s revenue was down 2.4% compared to the same quarter last year. sell-side analysts predict that Treehouse Foods will post 2.72 EPS for the current fiscal year.
Treehouse Foods declared that its Board of Directors has approved a share buyback program on Thursday, November 2nd that permits the company to repurchase $400.00 million in shares. This repurchase authorization permits the company to purchase shares of its stock through open market purchases. Stock repurchase programs are usually a sign that the company’s board believes its stock is undervalued.
In other Treehouse Foods news, CEO Sam K. Reed sold 11,480 shares of the business’s stock in a transaction dated Monday, October 9th. The shares were sold at an average price of $67.58, for a total value of $775,818.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Gary Dale Smith bought 2,000 shares of Treehouse Foods stock in a transaction on Tuesday, November 7th. The stock was purchased at an average price of $42.64 per share, with a total value of $85,280.00. Following the completion of the acquisition, the director now directly owns 271 shares of the company’s stock, valued at approximately $11,555.44. The disclosure for this purchase can be found here. Insiders sold 36,440 shares of company stock valued at $1,889,212 over the last quarter. 3.50% of the stock is currently owned by corporate insiders.
Institutional investors have recently made changes to their positions in the business. Citigroup Inc. raised its holdings in Treehouse Foods by 120.6% in the second quarter. Citigroup Inc. now owns 1,286 shares of the company’s stock worth $105,000 after purchasing an additional 703 shares in the last quarter. Parallax Volatility Advisers L.P. increased its holdings in shares of Treehouse Foods by 30.9% during the second quarter. Parallax Volatility Advisers L.P. now owns 1,874 shares of the company’s stock valued at $153,000 after acquiring an additional 442 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in shares of Treehouse Foods by 11.2% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,982 shares of the company’s stock valued at $162,000 after acquiring an additional 199 shares in the last quarter. ZWJ Investment Counsel Inc. acquired a new position in shares of Treehouse Foods during the third quarter valued at about $212,000. Finally, Zions Bancorporation acquired a new position in shares of Treehouse Foods during the third quarter valued at about $212,000.
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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.