Shares of TreeHouse Foods Inc. (NYSE:THS) have been assigned a consensus rating of “Hold” from the twenty analysts that are presently covering the firm, MarketBeat.com reports. Two equities research analysts have rated the stock with a sell recommendation, thirteen have assigned a hold recommendation and four have assigned a buy recommendation to the company. The average 1-year price objective among brokers that have issued ratings on the stock in the last year is $56.91.
Several research analysts have recently weighed in on THS shares. Bank of America started coverage on TreeHouse Foods in a research report on Tuesday, September 19th. They issued a “neutral” rating and a $68.00 price objective for the company. Jefferies Group reissued a “buy” rating and issued a $100.00 price objective on shares of TreeHouse Foods in a research report on Tuesday, September 26th. Susquehanna Bancshares reissued a “hold” rating and issued a $75.00 price objective on shares of TreeHouse Foods in a research report on Monday, October 9th. UBS Group started coverage on TreeHouse Foods in a research report on Wednesday, October 18th. They issued a “neutral” rating and a $70.00 price objective for the company. Finally, Zacks Investment Research raised TreeHouse Foods from a “sell” rating to a “hold” rating in a research report on Monday, October 30th.
TreeHouse Foods (NYSE:THS) opened at $49.10 on Friday. TreeHouse Foods has a 12-month low of $40.26 and a 12-month high of $90.42. The company has a debt-to-equity ratio of 1.01, a current ratio of 2.16 and a quick ratio of 0.81. The firm has a market capitalization of $2,810.00, a PE ratio of -10.89, a PEG ratio of 2.76 and a beta of 0.49.
TreeHouse Foods announced that its Board of Directors has approved a share repurchase plan on Thursday, November 2nd that permits the company to repurchase $400.00 million in shares. This repurchase authorization permits the company to repurchase shares of its stock through open market purchases. Shares repurchase plans are often a sign that the company’s board of directors believes its stock is undervalued.
In other news, Director Gary Dale Smith bought 2,000 shares of the firm’s stock in a transaction that occurred on Tuesday, November 7th. The stock was acquired at an average cost of $42.64 per share, with a total value of $85,280.00. Following the transaction, the director now directly owns 271 shares of the company’s stock, valued at approximately $11,555.44. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Sam K. Reed sold 11,480 shares of the business’s stock in a transaction dated Monday, January 8th. The shares were sold at an average price of $49.72, for a total value of $570,785.60. Following the completion of the sale, the chief executive officer now directly owns 81,147 shares of the company’s stock, valued at $4,034,628.84. The disclosure for this sale can be found here. Insiders sold a total of 36,440 shares of company stock valued at $1,684,179 over the last ninety days. 3.50% of the stock is currently owned by corporate insiders.
A number of institutional investors have recently modified their holdings of the stock. Americafirst Capital Management LLC bought a new stake in TreeHouse Foods in the 3rd quarter valued at about $401,000. Neuberger Berman Group LLC increased its position in TreeHouse Foods by 130.2% in the 3rd quarter. Neuberger Berman Group LLC now owns 706,996 shares of the company’s stock valued at $47,885,000 after buying an additional 399,825 shares in the last quarter. Zions Bancorporation acquired a new position in TreeHouse Foods during the 3rd quarter valued at about $212,000. Cornerstone Capital Management Holdings LLC. boosted its stake in TreeHouse Foods by 37.6% during the 3rd quarter. Cornerstone Capital Management Holdings LLC. now owns 101,293 shares of the company’s stock valued at $6,859,000 after purchasing an additional 27,667 shares during the last quarter. Finally, Oppenheimer Asset Management Inc. boosted its stake in TreeHouse Foods by 28.4% during the 3rd quarter. Oppenheimer Asset Management Inc. now owns 90,763 shares of the company’s stock valued at $6,148,000 after purchasing an additional 20,092 shares during the last quarter.
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TreeHouse Foods Company Profile
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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