William Blair Upgrades TreeHouse Foods (NYSE:THS) to “Outperform”

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TreeHouse Foods (NYSE:THS) was upgraded by equities researchers at William Blair from a “market perform” rating to an “outperform” rating in a note issued to investors on Monday, MarketBeat.com reports.

Several other brokerages have also recently issued reports on THS. Barclays reiterated a “hold” rating on shares of TreeHouse Foods in a research report on Sunday, November 10th. ValuEngine upgraded shares of TreeHouse Foods from a “sell” rating to a “hold” rating in a report on Friday, November 15th. Finally, Zacks Investment Research upgraded shares of TreeHouse Foods from a “hold” rating to a “buy” rating and set a $62.00 price objective for the company in a report on Thursday, September 12th. Four analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. The company has an average rating of “Buy” and a consensus target price of $63.95.

Shares of THS stock opened at $49.74 on Monday. The firm has a market capitalization of $2.80 billion, a price-to-earnings ratio of 22.61, a PEG ratio of 2.08 and a beta of 0.70. The stock has a fifty day moving average of $51.70 and a 200 day moving average of $53.92. TreeHouse Foods has a 52 week low of $44.60 and a 52 week high of $67.88. The company has a quick ratio of 0.67, a current ratio of 1.49 and a debt-to-equity ratio of 1.29.

TreeHouse Foods (NYSE:THS) last issued its quarterly earnings data on Thursday, November 7th. The company reported $0.55 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.58 by ($0.03). TreeHouse Foods had a negative net margin of 7.65% and a positive return on equity of 5.80%. The company had revenue of $1.06 billion for the quarter, compared to analysts’ expectations of $1.08 billion. During the same period in the previous year, the firm posted $0.57 earnings per share. The firm’s revenue for the quarter was down 5.4% compared to the same quarter last year. Equities research analysts anticipate that TreeHouse Foods will post 2.38 earnings per share for the current year.

In other TreeHouse Foods news, SVP Lori G. Roberts sold 3,134 shares of the firm’s stock in a transaction that occurred on Thursday, September 5th. The shares were sold at an average price of $54.28, for a total transaction of $170,113.52. Following the completion of the transaction, the senior vice president now owns 3,038 shares of the company’s stock, valued at $164,902.64. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO Thomas Emmet Oneill III sold 6,400 shares of TreeHouse Foods stock in a transaction that occurred on Wednesday, November 27th. The shares were sold at an average price of $49.11, for a total transaction of $314,304.00. Following the transaction, the chief accounting officer now owns 109,076 shares of the company’s stock, valued at $5,356,722.36. The disclosure for this sale can be found here. Company insiders own 1.50% of the company’s stock.

Several institutional investors and hedge funds have recently modified their holdings of the company. Psagot Investment House Ltd. bought a new position in TreeHouse Foods during the 3rd quarter valued at approximately $94,000. Point72 Hong Kong Ltd purchased a new position in TreeHouse Foods during the second quarter valued at $105,000. Tower Research Capital LLC TRC raised its stake in TreeHouse Foods by 43.2% during the third quarter. Tower Research Capital LLC TRC now owns 2,202 shares of the company’s stock valued at $122,000 after buying an additional 664 shares during the last quarter. KBC Group NV bought a new stake in TreeHouse Foods in the second quarter worth $166,000. Finally, MAI Capital Management boosted its holdings in TreeHouse Foods by 12.3% in the third quarter. MAI Capital Management now owns 4,455 shares of the company’s stock worth $247,000 after acquiring an additional 488 shares in the last quarter.

TreeHouse Foods Company Profile

TreeHouse Foods, Inc operates as a food and beverage manufacturer in the United States, Canada, and Italy. The company operates through Baked Goods, Beverages, Condiments, Meals, and Snacks segments. The Baked Goods segment offers candies, cookies, crackers, in-store bakery products, pita chips, pretzels, refrigerated dough, retail griddle waffles, pancakes, and French toasts.

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Analyst Recommendations for TreeHouse Foods (NYSE:THS)

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