Vertical Group downgraded shares of Treehouse Foods, Inc. (NYSE:THS) from a buy rating to a hold rating in a research note released on Friday morning. Vertical Group currently has $62.64 price objective on the stock, down from their previous price objective of $100.61.

THS has been the topic of a number of other research reports. Zacks Investment Research upgraded shares of Treehouse Foods from a sell rating to a hold rating in a research report on Tuesday, July 4th. BMO Capital Markets reiterated a buy rating on shares of Treehouse Foods in a research report on Tuesday, July 18th. Stephens upgraded shares of Treehouse Foods from an equal weight rating to an overweight rating and set a $90.00 price objective on the stock in a research report on Monday, May 15th. J P Morgan Chase & Co cut shares of Treehouse Foods from an overweight rating to a neutral rating and set a $76.00 price objective on the stock. in a research report on Friday. Finally, Jefferies Group LLC reiterated a buy rating and set a $100.00 price objective on shares of Treehouse Foods in a research report on Monday, May 15th. Two equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and five have issued a buy rating to the company’s stock. Treehouse Foods presently has an average rating of Hold and an average target price of $86.40.

Shares of Treehouse Foods (THS) traded up 0.47% during midday trading on Friday, reaching $74.83. 377,838 shares of the company’s stock were exchanged. The stock’s 50 day moving average is $81.93 and its 200-day moving average is $81.83. The stock’s market cap is $4.26 billion. Treehouse Foods has a 12-month low of $62.64 and a 12-month high of $100.51.

Treehouse Foods (NYSE:THS) last posted its quarterly earnings data on Thursday, August 3rd. The company reported $0.51 earnings per share for the quarter, beating 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 6.54%. The business had revenue of $1.52 billion for the quarter, compared to analysts’ expectations of $1.54 billion. During the same quarter in the previous year, the business posted $0.54 earnings per share. The business’s revenue was down 1.2% compared to the same quarter last year. On average, equities analysts expect that Treehouse Foods will post $3.30 EPS for the current year.

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In other news, SVP Erik Thomas Kahler sold 5,700 shares of the company’s stock in a transaction dated Thursday, June 15th. The shares were sold at an average price of $79.34, for a total value of $452,238.00. Following the transaction, the senior vice president now directly owns 28,857 shares in the company, valued at $2,289,514.38. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Terdema L. Ussery II sold 8,200 shares of the company’s stock in a transaction dated Thursday, May 18th. The stock was sold at an average price of $76.55, for a total transaction of $627,710.00. Following the completion of the transaction, the director now owns 10,610 shares in the company, valued at $812,195.50. 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. Company insiders own 3.50% of the company’s stock.

Several hedge funds and other institutional investors have recently bought and sold shares of THS. BlackRock Inc. increased its stake in Treehouse Foods by 9,591.4% in the first quarter. BlackRock Inc. now owns 4,652,270 shares of the company’s stock worth $393,860,000 after buying an additional 4,604,266 shares during the last quarter. Public Employees Retirement Association of Colorado increased its stake in Treehouse Foods by 5,074.5% in the second quarter. Public Employees Retirement Association of Colorado now owns 574,840 shares of the company’s stock worth $46,959,000 after buying an additional 563,731 shares during the last quarter. American Century Companies Inc. increased its stake in Treehouse Foods by 52.2% in the first quarter. American Century Companies Inc. now owns 1,451,296 shares of the company’s stock worth $122,867,000 after buying an additional 497,893 shares during the last quarter. Jennison Associates LLC increased its stake in Treehouse Foods by 80.8% in the second quarter. Jennison Associates LLC now owns 975,817 shares of the company’s stock worth $79,714,000 after buying an additional 436,163 shares during the last quarter. Finally, Tudor Investment Corp ET AL increased its stake in Treehouse Foods by 331.1% in the first quarter. Tudor Investment Corp ET AL now owns 431,092 shares of the company’s stock worth $36,496,000 after buying an additional 331,092 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.

Analyst Recommendations for Treehouse Foods (NYSE:THS)

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