TreeHouse Foods (NYSE:THS) has been assigned a $44.00 target price by research analysts at Susquehanna Bancshares in a research note issued to investors on Monday. The firm currently has a “hold” rating on the stock. Susquehanna Bancshares’ price target points to a potential upside of 6.15% from the stock’s current price.
Several other research analysts also recently issued reports on the company. Credit Suisse Group reaffirmed a “hold” rating and set a $48.00 price target on shares of TreeHouse Foods in a research note on Friday. Zacks Investment Research downgraded TreeHouse Foods from a “buy” rating to a “hold” rating in a research note on Friday, February 2nd. Wells Fargo & Co set a $46.00 price target on TreeHouse Foods and gave the stock a “hold” rating in a research note on Thursday, January 4th. JPMorgan Chase & Co. set a $39.00 price target on TreeHouse Foods and gave the stock a “sell” rating in a research note on Wednesday, December 13th. Finally, Wolfe Research assumed coverage on TreeHouse Foods in a research note on Monday, December 4th. They set a “market perform” rating for the company. Two analysts have rated the stock with a sell rating, thirteen have issued a hold rating and four have issued a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of $55.83.
TreeHouse Foods (NYSE THS) traded down $0.69 during trading hours on Monday, hitting $41.45. The stock had a trading volume of 193,288 shares, compared to its average volume of 760,539. The firm has a market cap of $2,411.05, a P/E ratio of -9.11, a PEG ratio of 2.34 and a beta of 0.42. The company has a quick ratio of 0.81, a current ratio of 2.16 and a debt-to-equity ratio of 1.01. TreeHouse Foods has a fifty-two week low of $40.26 and a fifty-two week high of $90.42.
In related news, VP Thomas Emmet Oneill III sold 2,000 shares of the business’s stock in a transaction dated Tuesday, December 5th. The shares were sold at an average price of $45.32, for a total value of $90,640.00. Following the completion of the transaction, the vice president now owns 135,019 shares of the company’s stock, valued at approximately $6,119,061.08. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Sam K. Reed sold 11,480 shares of the business’s stock in a transaction dated Wednesday, February 7th. The shares were sold at an average price of $42.44, for a total transaction of $487,211.20. Following the completion of the transaction, the chief executive officer now directly owns 81,147 shares of the company’s stock, valued at approximately $3,443,878.68. The disclosure for this sale can be found here. Insiders sold a total of 36,440 shares of company stock valued at $1,680,850 in the last three months. 3.50% of the stock is currently owned by corporate insiders.
Institutional investors and hedge funds have recently bought and sold shares of the business. Citigroup Inc. grew its holdings in TreeHouse Foods by 120.6% in the 2nd quarter. Citigroup Inc. now owns 1,286 shares of the company’s stock valued at $105,000 after buying an additional 703 shares during the period. Balter Liquid Alternatives LLC purchased a new stake in TreeHouse Foods in the 4th quarter valued at about $174,000. State of Alaska Department of Revenue purchased a new stake in TreeHouse Foods in the 4th quarter valued at about $197,000. ZWJ Investment Counsel Inc. purchased a new stake in TreeHouse Foods in the 3rd quarter valued at about $212,000. Finally, Zions Bancorporation purchased a new stake in TreeHouse Foods in the 3rd 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.
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