BMO Capital Markets cut shares of Treehouse Foods, Inc. (NYSE:THS) from an outperform rating to a market perform rating in a research report report published on Wednesday morning. BMO Capital Markets currently has $48.00 target price on the stock.

Several other equities analysts have also recently commented on the stock. Bank of America Corporation dropped their target price on shares of Treehouse Foods from $55.00 to $47.00 and set a neutral rating on the stock in a research report on Tuesday. Wells Fargo & Company dropped their target price on shares of Treehouse Foods from $43.00 to $41.00 and set a market perform rating on the stock in a research report on Tuesday. TheStreet cut shares of Treehouse Foods from a c- rating to a d+ rating in a research report on Friday, November 10th. Zacks Investment Research cut shares of Treehouse Foods from a hold rating to a strong sell rating in a research report on Tuesday, November 7th. Finally, Jefferies Group LLC dropped their target price on shares of Treehouse Foods from $90.00 to $68.00 and set a buy rating on the stock in a research report on Monday, November 6th. Three equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating and four have given a buy rating to the company’s stock. The company presently has an average rating of Hold and an average price target of $59.51.

Treehouse Foods (THS) traded down $0.13 during trading on Wednesday, hitting $41.87. 2,685,900 shares of the company’s stock traded hands, compared to its average volume of 782,780. Treehouse Foods has a 1 year low of $40.26 and a 1 year high of $90.42. The company has a debt-to-equity ratio of 1.01, a quick ratio of 0.81 and a current ratio of 2.16. The company has a market cap of $2,460.00, a PE ratio of 14.33, a P/E/G ratio of 2.14 and a beta of 0.63.

Treehouse Foods (NYSE:THS) last posted its earnings results on Thursday, November 2nd. The company reported $0.67 EPS for the quarter, missing the Thomson Reuters’ consensus estimate 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 firm had revenue of $1.55 billion for the quarter, compared to the consensus estimate of $1.52 billion. During the same period in the prior year, the business earned $0.70 EPS. Treehouse Foods’s quarterly revenue was down 2.4% compared to the same quarter last year. sell-side analysts expect that Treehouse Foods will post 2.72 EPS for the current fiscal year.

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Treehouse Foods declared that its board has authorized a share repurchase plan on Thursday, November 2nd that allows the company to repurchase $400.00 million in shares. This repurchase authorization allows the company to purchase shares of its stock through open market purchases. Stock repurchase plans are generally a sign that the company’s management believes its shares are undervalued.

In related news, CEO Sam K. Reed sold 11,480 shares of Treehouse Foods stock in a transaction that occurred on Monday, October 9th. The shares were sold at an average price of $67.58, for a total value of $775,818.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Gary Dale Smith acquired 2,000 shares of Treehouse Foods stock in a transaction that occurred on Tuesday, November 7th. The stock was acquired at an average price of $42.64 per share, with a total value of $85,280.00. Following the completion of the purchase, the director now directly owns 271 shares in the company, valued at approximately $11,555.44. The disclosure for this purchase can be found here. Insiders sold a total of 34,440 shares of company stock valued at $2,027,712 over the last quarter. 3.50% of the stock is owned by company insiders.

A number of institutional investors have recently added to or reduced their stakes in THS. Victory Capital Management Inc. grew its position in shares of Treehouse Foods by 616.9% during the 3rd quarter. Victory Capital Management Inc. now owns 3,273,871 shares of the company’s stock valued at $221,740,000 after purchasing an additional 2,817,230 shares in the last quarter. Iridian Asset Management LLC CT grew its position in shares of Treehouse Foods by 12,604.6% during the 2nd quarter. Iridian Asset Management LLC CT now owns 1,798,976 shares of the company’s stock valued at $146,958,000 after purchasing an additional 1,784,816 shares in the last quarter. Public Employees Retirement Association of Colorado grew its position in shares of Treehouse Foods by 5,074.5% during the 2nd quarter. Public Employees Retirement Association of Colorado now owns 574,840 shares of the company’s stock valued at $46,959,000 after purchasing an additional 563,731 shares in the last quarter. Wells Fargo & Company MN grew its position in shares of Treehouse Foods by 12.2% during the 3rd quarter. Wells Fargo & Company MN now owns 5,133,963 shares of the company’s stock valued at $347,723,000 after purchasing an additional 557,363 shares in the last quarter. Finally, Jennison Associates LLC grew its position in shares of Treehouse Foods by 80.8% during the 2nd quarter. Jennison Associates LLC now owns 975,817 shares of the company’s stock valued at $79,714,000 after purchasing an additional 436,163 shares in 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.

Analyst Recommendations for Treehouse Foods (NYSE:THS)

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