Treehouse Foods, Inc. (THS) Shares Gap Down Following Analyst Downgrade
Treehouse Foods, Inc. (NYSE:THS) gapped down before the market opened on Friday after Barclays PLC lowered their price target on the stock from $90.00 to $84.00. The stock had previously closed at $70.34, but opened at $74.16. Barclays PLC currently has an overweight rating on the stock. Treehouse Foods shares last traded at $74.78, with a volume of 1,459,128 shares traded.
Other equities research analysts have also issued reports about the stock. UBS AG lowered shares of Treehouse Foods from a “positive” rating to a “neutral” rating in a research note on Friday. BMO Capital Markets cut their price target on shares of Treehouse Foods from $90.00 to $85.00 and set an “outperform” rating on the stock in a research note on Friday. Vertical Group lowered shares of Treehouse Foods from a “buy” rating to a “hold” rating and cut their price target for the stock from $100.61 to $62.64 in a research note on Friday. Vertical Research lowered shares of Treehouse Foods from a “buy” rating to a “hold” rating in a research note on Friday. Finally, Jefferies Group LLC reiterated a “buy” rating and set a $100.00 price target on shares of Treehouse Foods in a research note on Friday, May 5th. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating and five have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of $86.40.
In other Treehouse Foods news, Director Terdema L. Ussery II sold 8,200 shares of Treehouse Foods stock in a transaction on Thursday, May 18th. The shares were sold at an average price of $76.55, for a total value of $627,710.00. Following the transaction, the director now directly owns 10,610 shares in the company, valued at $812,195.50. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, SVP Erik Thomas Kahler sold 5,700 shares of Treehouse Foods stock in a transaction on Thursday, June 15th. The shares were sold at an average price of $79.34, for a total transaction of $452,238.00. Following the completion of the transaction, the senior vice president now owns 28,857 shares in the company, valued at $2,289,514.38. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 28,330 shares of company stock worth $2,183,843. 3.50% of the stock is currently owned by company insiders.
Hedge funds and other institutional investors have recently bought and sold shares of the stock. Creative Planning raised its position in Treehouse Foods by 28.8% in the second quarter. Creative Planning now owns 1,379 shares of the company’s stock worth $113,000 after buying an additional 308 shares in the last quarter. FNY Partners Fund LP acquired a new position in Treehouse Foods during the first quarter worth approximately $126,000. Israel Discount Bank of New York acquired a new position in Treehouse Foods during the first quarter worth approximately $140,000. State of Alaska Department of Revenue raised its position in Treehouse Foods by 4.7% in the first quarter. State of Alaska Department of Revenue now owns 2,118 shares of the company’s stock worth $179,000 after buying an additional 96 shares in the last quarter. Finally, Investment Counselors of Maryland LLC acquired a new position in Treehouse Foods during the second quarter worth approximately $193,000.
The firm’s market cap is $4.24 billion. The company’s 50-day moving average price is $81.93 and its 200-day moving average price is $81.83.
Treehouse Foods (NYSE:THS) last posted its quarterly earnings results on Thursday, August 3rd. The company reported $0.51 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.49 by $0.02. Treehouse Foods had a negative net margin of 3.90% and a positive return on equity of 6.50%. The company had revenue of $1.52 billion for the quarter, compared to the consensus estimate of $1.54 billion. During the same period last year, the firm posted $0.54 EPS. The company’s revenue for the quarter was down 1.2% on a year-over-year basis. Equities research analysts anticipate that Treehouse Foods, Inc. will post $3.47 EPS for the current year.
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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