TheStreet Lowers Treehouse Foods, Inc. (THS) to D+

TheStreet cut shares of Treehouse Foods, Inc. (NYSE:THS) from a c- rating to a d+ rating in a research report released on Friday.

THS has been the topic of several other reports. Susquehanna Bancshares Inc restated a hold rating and set a $75.00 target price on shares of Treehouse Foods in a research report on Monday, October 9th. BMO Capital Markets decreased their target price on shares of Treehouse Foods from $90.00 to $85.00 and set an outperform rating on the stock in a research report on Friday, August 4th. UBS AG assumed coverage on shares of Treehouse Foods in a research report on Wednesday, October 18th. They set a neutral rating and a $70.00 target price on the stock. Vertical Group lowered shares of Treehouse Foods from a buy rating to a hold rating and decreased their target price for the stock from $100.61 to $62.64 in a research report on Friday, August 4th. Finally, Zacks Investment Research upgraded shares of Treehouse Foods from a sell rating to a hold rating in a research report on Monday, October 30th. Three analysts have rated the stock with a sell rating, eleven have issued a hold rating and four have issued a buy rating to the company. The stock presently has a consensus rating of Hold and a consensus price target of $59.59.

Shares of Treehouse Foods (NYSE:THS) traded up $0.18 during midday trading on Friday, hitting $43.26. 1,104,800 shares of the company’s stock traded hands, compared to its average volume of 771,523. The stock has a market cap of $2,464.83, a price-to-earnings ratio of 14.70, a P/E/G ratio of 2.20 and a beta of 0.63. Treehouse Foods has a 52 week low of $40.26 and a 52 week high of $90.42. 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 (NYSE:THS) last issued its earnings results on Thursday, November 2nd. The company reported $0.67 EPS for the quarter, missing the consensus estimate of $0.78 by ($0.11). The company had revenue of $1.55 billion for the quarter, compared to analysts’ expectations of $1.52 billion. Treehouse Foods had a positive return on equity of 6.61% and a negative net margin of 4.06%. Treehouse Foods’s revenue for the quarter was down 2.4% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.70 earnings per share. equities research analysts forecast that Treehouse Foods will post 2.72 earnings per share for the current year.

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Treehouse Foods declared that its Board of Directors has authorized a stock repurchase plan on Thursday, November 2nd that permits the company to repurchase $400.00 million in shares. This repurchase authorization permits the company to buy shares of its stock through open market purchases. Shares repurchase plans are often a sign that the company’s management believes its stock is undervalued.

In related 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 is available at this hyperlink. Also, Director Gary Dale Smith bought 2,000 shares of the business’s stock in a transaction that occurred on Tuesday, November 7th. The stock was purchased at an average cost of $42.64 per share, with a total value of $85,280.00. Following the purchase, the director now directly owns 271 shares in the company, valued at approximately $11,555.44. The disclosure for this purchase can be found here. Insiders sold a total of 34,440 shares of company stock valued at $2,027,712 in the last three months. 3.50% of the stock is currently owned by corporate insiders.

A number of hedge funds have recently made changes to their positions in the stock. Sterling Capital Management LLC raised its stake in Treehouse Foods by 0.5% in the 2nd quarter. Sterling Capital Management LLC now owns 3,047 shares of the company’s stock valued at $249,000 after purchasing an additional 14 shares during the last quarter. Comerica Securities Inc. raised its stake in Treehouse Foods by 1.2% in the 2nd quarter. Comerica Securities Inc. now owns 3,757 shares of the company’s stock valued at $307,000 after purchasing an additional 45 shares during the last quarter. Diversified Trust Co raised its stake in Treehouse Foods by 0.6% in the 2nd quarter. Diversified Trust Co now owns 8,055 shares of the company’s stock valued at $658,000 after purchasing an additional 50 shares during the last quarter. World Asset Management Inc increased its stake in shares of Treehouse Foods by 2.3% during the 2nd quarter. World Asset Management Inc now owns 3,730 shares of the company’s stock valued at $305,000 after acquiring an additional 85 shares during the last quarter. Finally, Utah Retirement Systems increased its stake in shares of Treehouse Foods by 1.0% during the 2nd quarter. Utah Retirement Systems now owns 10,100 shares of the company’s stock valued at $825,000 after acquiring an additional 100 shares during the last quarter.

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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