William Blair downgraded shares of Treehouse Foods, Inc. (NYSE:THS) from an outperform rating to a market perform rating in a research report report published on Thursday, November 2nd, MarketBeat reports.
THS has been the subject of several other reports. Susquehanna Bancshares Inc reissued a hold rating and issued a $75.00 target price on shares of Treehouse Foods in a research note on Monday, October 9th. BMO Capital Markets reduced their price objective on shares of Treehouse Foods from $90.00 to $85.00 and set an outperform rating for the company in a research report on Friday, August 4th. UBS AG initiated coverage on shares of Treehouse Foods in a research report on Wednesday, October 18th. They set a neutral rating and a $70.00 price objective for the company. Vertical Group cut shares of Treehouse Foods from a buy rating to a hold rating and reduced their price objective for the stock from $100.61 to $62.64 in a research report on Friday, August 4th. Finally, Zacks Investment Research raised 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, twelve have given a hold rating and three have given a buy rating to the company. The stock has an average rating of Hold and a consensus target price of $59.66.
Treehouse Foods (NYSE THS) traded down $1.26 during trading hours on Thursday, hitting $42.00. 1,344,900 shares of the company traded hands, compared to its average volume of 774,129. Treehouse Foods has a twelve month low of $40.26 and a twelve month 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. The company has a market capitalization of $2,475.13, a PE ratio of 14.77, a PEG ratio of 2.20 and a beta of 0.63.
Treehouse Foods (NYSE:THS) last released its earnings results on Thursday, November 2nd. The company reported $0.67 earnings per share for the quarter, missing the consensus estimate of $0.78 by ($0.11). Treehouse Foods had a negative net margin of 4.06% and a positive return on equity of 6.61%. The firm had revenue of $1.55 billion during the quarter, compared to the consensus estimate of $1.52 billion. During the same period in the prior year, the business posted $0.70 earnings per share. Treehouse Foods’s quarterly revenue was down 2.4% compared to the same quarter last year. research analysts predict that Treehouse Foods will post 2.72 EPS for the current year.
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Treehouse Foods announced that its Board of Directors has initiated a share buyback plan on Thursday, November 2nd that allows the company to repurchase $400.00 million in shares. This repurchase authorization allows the company to reacquire shares of its stock through open market purchases. Shares repurchase plans are usually an indication that the company’s board 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 Thursday, September 7th. The stock was sold at an average price of $66.32, for a total value of $761,353.60. Following the completion of the transaction, the chief executive officer now owns 70,647 shares of the company’s stock, valued at $4,685,309.04. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Gary Dale Smith purchased 2,000 shares of the company’s stock in a transaction that occurred on Tuesday, November 7th. The stock was bought at an average cost of $42.64 per share, with a total value of $85,280.00. Following the purchase, the director now owns 271 shares of the company’s stock, valued at $11,555.44. The disclosure for this purchase can be found here. In the last three months, insiders sold 34,440 shares of company stock valued at $2,027,712. 3.50% of the stock is currently owned by company insiders.
A number of hedge funds have recently bought and sold shares of THS. Citigroup Inc. raised its stake in Treehouse Foods by 120.6% in the second quarter. Citigroup Inc. now owns 1,286 shares of the company’s stock valued at $105,000 after purchasing an additional 703 shares in the last quarter. Creative Planning raised its stake in Treehouse Foods by 28.8% during the second quarter. Creative Planning now owns 1,379 shares of the company’s stock worth $113,000 after acquiring an additional 308 shares in the last quarter. Parallax Volatility Advisers L.P. raised its stake in Treehouse Foods by 30.9% during the second quarter. Parallax Volatility Advisers L.P. now owns 1,874 shares of the company’s stock worth $153,000 after acquiring an additional 442 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in Treehouse Foods by 11.2% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,982 shares of the company’s stock worth $162,000 after acquiring an additional 199 shares in the last quarter. Finally, State of Alaska Department of Revenue raised its stake in Treehouse Foods by 6.7% during the second quarter. State of Alaska Department of Revenue now owns 2,259 shares of the company’s stock worth $184,000 after acquiring an additional 141 shares in 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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