Susquehanna Bancshares Inc restated their hold rating on shares of Treehouse Foods, Inc. (NYSE:THS) in a report published on Monday, October 9th. They currently have a $75.00 price target on the stock.
Other equities research analysts have also recently issued reports about the stock. Bank of America Corporation assumed coverage on shares of Treehouse Foods in a report on Tuesday, September 19th. They issued a neutral rating and a $68.00 price target for the company. Zacks Investment Research cut shares of Treehouse Foods from a hold rating to a sell rating in a report on Thursday, July 27th. Vertical Group cut shares of Treehouse Foods from a buy rating to a hold rating and reduced their price target for the stock from $100.61 to $62.64 in a report on Friday, August 4th. BMO Capital Markets restated a buy rating and issued a $90.00 price target on shares of Treehouse Foods in a report on Tuesday, June 13th. Finally, Jefferies Group LLC reiterated a buy rating and set a $100.00 price objective on shares of Treehouse Foods in a report on Tuesday, September 26th. Two analysts have rated the stock with a sell rating, nine have issued a hold rating and five have assigned a buy rating to the stock. The company has a consensus rating of Hold and a consensus target price of $80.36.
Shares of Treehouse Foods (NYSE THS) traded down 0.40% during midday trading on Monday, hitting $67.58. The stock had a trading volume of 293,546 shares. The firm’s market cap is $3.86 billion. The firm has a 50-day moving average price of $67.40 and a 200-day moving average price of $76.64. Treehouse Foods has a 1-year low of $62.64 and a 1-year high of $90.42.
Treehouse Foods (NYSE:THS) last announced its earnings results on Thursday, August 3rd. The company reported $0.51 earnings per share for the quarter, topping analysts’ consensus estimates of $0.49 by $0.02. The business had revenue of $1.52 billion during the quarter, compared to the consensus estimate of $1.54 billion. Treehouse Foods had a negative net margin of 3.90% and a positive return on equity of 6.54%. Treehouse Foods’s quarterly revenue was down 1.2% on a year-over-year basis. During the same quarter last year, the firm earned $0.54 earnings per share. On average, equities analysts anticipate that Treehouse Foods will post $3.18 EPS for the current fiscal year.
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In other Treehouse Foods news, CEO Sam K. Reed sold 11,480 shares of Treehouse Foods 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 document filed with the SEC, which is accessible through this link. Insiders own 3.50% of the company’s stock.
Several hedge funds and other institutional investors have recently bought and sold shares of the company. Mutual of America Capital Management LLC raised its position in shares of Treehouse Foods by 2.3% in the third quarter. Mutual of America Capital Management LLC now owns 47,476 shares of the company’s stock valued at $3,216,000 after purchasing an additional 1,055 shares during the period. North Star Asset Management Inc. raised its position in shares of Treehouse Foods by 1.8% in the second quarter. North Star Asset Management Inc. now owns 84,529 shares of the company’s stock valued at $6,905,000 after purchasing an additional 1,508 shares during the period. Sterling Capital Management LLC raised its position in shares of Treehouse Foods by 0.5% in the second 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 period. Ameritas Investment Partners Inc. raised its position in shares of Treehouse Foods by 1.8% in the second quarter. Ameritas Investment Partners Inc. now owns 17,039 shares of the company’s stock valued at $1,392,000 after purchasing an additional 296 shares during the period. Finally, The Manufacturers Life Insurance Company raised its position in shares of Treehouse Foods by 6.9% in the second quarter. The Manufacturers Life Insurance Company now owns 127,721 shares of the company’s stock valued at $10,433,000 after purchasing an additional 8,286 shares during the period.
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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