Treehouse Foods, Inc. (THS) Downgraded by TheStreet to “D+”
Other equities analysts also recently issued reports about the company. BMO Capital Markets reaffirmed a buy rating on shares of Treehouse Foods in a research note on Tuesday, July 18th. Jefferies Group LLC reaffirmed a buy rating and issued a $100.00 price objective on shares of Treehouse Foods in a research note on Tuesday, September 26th. Citigroup Inc. dropped their price objective on Treehouse Foods from $90.00 to $62.00 and set a buy rating for the company in a research note on Friday, November 3rd. Stephens downgraded Treehouse Foods from an overweight rating to an equal weight rating in a research note on Thursday, November 2nd. Finally, Susquehanna Bancshares Inc reaffirmed a hold rating and issued a $75.00 price objective on shares of Treehouse Foods in a research note on Monday, October 9th. Three analysts have rated the stock with a sell rating, eleven have issued a hold rating and four have assigned a buy rating to the stock. Treehouse Foods has an average rating of Hold and a consensus price target of $59.59.
Treehouse Foods (NYSE:THS) traded up $0.18 on Friday, reaching $43.26. The company’s stock had a trading volume of 1,104,800 shares, compared to its average volume of 771,523. The stock has a market cap of $2,464.83, a P/E ratio of 14.70, a PEG ratio of 2.20 and a beta of 0.63. Treehouse Foods has a 12-month low of $40.26 and a 12-month high of $90.42. The company has a current ratio of 2.16, a quick ratio of 0.81 and a debt-to-equity ratio of 1.01.
Treehouse Foods (NYSE:THS) last issued its earnings results on Thursday, November 2nd. The company reported $0.67 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.78 by ($0.11). Treehouse Foods had a positive return on equity of 6.61% and a negative net margin of 4.06%. The business had revenue of $1.55 billion for the quarter, compared to analysts’ expectations of $1.52 billion. During the same period last year, the company posted $0.70 earnings per share. The business’s quarterly revenue was down 2.4% on a year-over-year basis. analysts predict that Treehouse Foods will post 2.72 earnings per share for the current fiscal year.
Treehouse Foods announced that its board has initiated a stock repurchase program on Thursday, November 2nd that allows the company to buyback $400.00 million in outstanding shares. This buyback authorization allows the company to buy shares of its stock through open market purchases. Stock buyback programs are typically a sign that the company’s leadership believes its shares are undervalued.
In related news, CEO Sam K. Reed sold 11,480 shares of Treehouse Foods stock in a transaction on Monday, October 9th. The stock was sold at an average price of $67.58, for a total value of $775,818.40. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Gary Dale Smith bought 2,000 shares of Treehouse Foods stock in a transaction that occurred on Tuesday, November 7th. The stock was purchased at an average price of $42.64 per share, for a total transaction of $85,280.00. Following the acquisition, the director now directly owns 271 shares of the company’s stock, valued at approximately $11,555.44. The disclosure for this purchase can be found here. Insiders have sold 34,440 shares of company stock worth $2,027,712 in the last 90 days. Insiders own 3.50% of the company’s stock.
Large investors have recently added to or reduced their stakes in the business. Citigroup Inc. raised its position 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 during the period. Creative Planning increased its position in shares of 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 during the last quarter. Parallax Volatility Advisers L.P. increased its position in shares of 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 during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of 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 during the last quarter. Finally, State of Alaska Department of Revenue increased its position in shares of 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 during the last quarter.
About Treehouse Foods
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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