Treehouse Foods, Inc. (NYSE:THS)‘s stock had its “buy” rating restated by research analysts at BMO Capital Markets in a report issued on Thursday, November 2nd. They currently have a $85.00 target price on the stock. BMO Capital Markets’ target price indicates a potential upside of 92.87% from the company’s previous close.
A number of other brokerages also recently commented on THS. Zacks Investment Research downgraded shares of Treehouse Foods from a “hold” rating to a “sell” rating in a research report on Thursday, July 27th. Vertical Research downgraded shares of Treehouse Foods from a “buy” rating to a “hold” rating in a report on Friday, August 4th. BidaskClub downgraded shares of Treehouse Foods from a “hold” rating to a “sell” rating in a report on Thursday, August 24th. UBS AG downgraded shares of Treehouse Foods from a “positive” rating to a “neutral” rating in a report on Friday, August 4th. Finally, Barclays PLC cut their price target on shares of Treehouse Foods from $90.00 to $84.00 and set an “overweight” rating for the company in a report on Friday, August 4th. Three analysts have rated the stock with a sell rating, eleven have assigned a hold rating and four have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target of $59.51.
Treehouse Foods (NYSE THS) opened at $44.07 on Thursday. The company has a market cap of $2,520.00, a price-to-earnings ratio of 14.90, a price-to-earnings-growth ratio of 2.43 and a beta of 0.63. 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 has a 12-month low of $40.26 and a 12-month high of $90.42.
Treehouse Foods (NYSE:THS) last announced its quarterly earnings data on Thursday, November 2nd. The company reported $0.67 EPS for the quarter, missing the Zacks’ consensus estimate of $0.78 by ($0.11). The firm 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%. The firm’s quarterly revenue was down 2.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.70 EPS. sell-side analysts expect that Treehouse Foods will post 2.72 earnings per share for the current year.
Treehouse Foods announced that its Board of Directors has approved a share buyback plan on Thursday, November 2nd that allows the company to repurchase $400.00 million in outstanding shares. This repurchase authorization allows the company to repurchase shares of its stock through open market purchases. Shares repurchase plans are often an indication that the company’s management believes its shares are undervalued.
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In other Treehouse Foods news, CEO Sam K. Reed sold 11,480 shares of the firm’s stock in a transaction dated Monday, October 9th. The shares were sold at an average price of $67.58, for a total transaction of $775,818.40. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Gary Dale Smith purchased 2,000 shares of the firm’s stock in a transaction on Tuesday, November 7th. The shares were purchased at an average cost of $42.64 per share, for a total transaction of $85,280.00. Following the completion of the purchase, the director now directly owns 271 shares in the company, valued at $11,555.44. The disclosure for this purchase can be found here. Over the last three months, insiders sold 34,440 shares of company stock worth $2,027,712. 3.50% of the stock is owned by corporate insiders.
Several institutional investors have recently added to or reduced their stakes in the business. Americafirst Capital Management LLC acquired a new stake in shares of Treehouse Foods during the 3rd quarter worth about $401,000. Neuberger Berman Group LLC boosted its stake in shares of Treehouse Foods by 130.2% during the 3rd quarter. Neuberger Berman Group LLC now owns 706,996 shares of the company’s stock worth $47,885,000 after purchasing an additional 399,825 shares during the last quarter. Zions Bancorporation acquired a new stake in shares of Treehouse Foods during the 3rd quarter worth about $212,000. Cornerstone Capital Management Holdings LLC. boosted its stake in shares of Treehouse Foods by 37.6% during the 3rd quarter. Cornerstone Capital Management Holdings LLC. now owns 101,293 shares of the company’s stock worth $6,859,000 after purchasing an additional 27,667 shares during the last quarter. Finally, Oppenheimer Asset Management Inc. boosted its stake in shares of Treehouse Foods by 28.4% during the 3rd quarter. Oppenheimer Asset Management Inc. now owns 90,763 shares of the company’s stock worth $6,148,000 after purchasing an additional 20,092 shares during the last quarter.
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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