TreeHouse Foods’ (THS) Buy Rating Reiterated at Jefferies Group

TreeHouse Foods (NYSE:THS)‘s stock had its “buy” rating reaffirmed by investment analysts at Jefferies Group in a note issued to investors on Thursday. They currently have a $68.00 price objective on the stock. Jefferies Group’s price target suggests a potential upside of 74.36% from the company’s previous close.

Several other analysts also recently commented on THS. Susquehanna Bancshares set a $44.00 price objective on shares of TreeHouse Foods and gave the company a “hold” rating in a research report on Monday. Credit Suisse Group restated a “hold” rating and set a $48.00 price objective on shares of TreeHouse Foods in a research report on Friday, February 9th. Zacks Investment Research upgraded shares of TreeHouse Foods from a “hold” rating to a “buy” rating and set a $53.00 price objective on the stock in a research report on Wednesday, January 31st. JPMorgan Chase & Co. downgraded shares of TreeHouse Foods from a “neutral” rating to an “underweight” rating and set a $38.00 price objective on the stock. in a research report on Friday, November 3rd. Finally, William Blair downgraded shares of TreeHouse Foods from an “outperform” rating to a “market perform” rating in a report on Thursday, November 2nd. Two research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and four have given a buy rating to the company. The company has an average rating of “Hold” and a consensus price target of $55.83.

Shares of TreeHouse Foods (NYSE THS) opened at $39.00 on Thursday. The company has a market cap of $2,368.14, a price-to-earnings ratio of -8.53, a PEG ratio of 2.30 and a beta of 0.42. TreeHouse Foods has a 52-week low of $39.00 and a 52-week high of $90.42. The company has a debt-to-equity ratio of 1.01, a quick ratio of 0.81 and a current ratio of 2.16.

TreeHouse Foods (NYSE:THS) last announced its quarterly earnings data on Thursday, February 15th. The company reported $1.02 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.93 by $0.09. The firm had revenue of $1.70 billion for the quarter, compared to the consensus estimate of $1.70 billion. TreeHouse Foods had a negative net margin of 4.06% and a positive return on equity of 6.61%. The company’s revenue was down 4.3% on a year-over-year basis. During the same period last year, the firm earned $1.14 EPS. analysts anticipate that TreeHouse Foods will post 2.73 earnings per share for the current fiscal year.

TreeHouse Foods announced that its Board of Directors has initiated a share repurchase plan on Thursday, November 2nd that authorizes the company to repurchase $400.00 million in outstanding shares. This repurchase authorization authorizes the company to purchase shares of its stock through open market purchases. Stock repurchase plans are generally an indication that the company’s board believes its stock is undervalued.

In other news, CEO Sam K. Reed sold 11,480 shares of the business’s stock in a transaction dated Thursday, December 7th. The shares were sold at an average price of $46.36, for a total value of $532,212.80. Following the sale, the chief executive officer now directly owns 81,147 shares in the company, valued at approximately $3,761,974.92. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, VP Thomas Emmet Oneill III sold 2,000 shares of the business’s stock in a transaction dated Tuesday, December 5th. The stock was sold at an average price of $45.32, for a total transaction of $90,640.00. Following the completion of the sale, the vice president now owns 135,019 shares in the company, valued at $6,119,061.08. The disclosure for this sale can be found here. Over the last quarter, insiders sold 36,440 shares of company stock worth $1,680,850. 3.50% of the stock is currently owned by insiders.

Institutional investors have recently bought and sold shares of the company. Citigroup Inc. increased its holdings in shares of TreeHouse Foods by 120.6% in the 2nd quarter. Citigroup Inc. now owns 1,286 shares of the company’s stock worth $105,000 after buying an additional 703 shares during the last quarter. Creative Planning increased its holdings in shares of TreeHouse Foods by 28.8% in the 2nd quarter. Creative Planning now owns 1,379 shares of the company’s stock worth $113,000 after buying an additional 308 shares during the last quarter. FNY Partners Fund LP bought a new stake in shares of TreeHouse Foods in the 1st quarter worth about $126,000. Israel Discount Bank of New York GFN purchased a new position in shares of TreeHouse Foods during the 4th quarter worth about $119,000. Finally, Israel Discount Bank of New York purchased a new position in shares of TreeHouse Foods during the 1st quarter worth about $140,000.

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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.

Analyst Recommendations for TreeHouse Foods (NYSE:THS)

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