Other equities research analysts also recently issued research reports about the stock. Bank of America Corporation began coverage on shares of Treehouse Foods in a research note on Tuesday, September 19th. They set a neutral rating and a $68.00 price target on the stock. Jefferies Group LLC reaffirmed a buy rating and set a $100.00 price target on shares of Treehouse Foods in a research note on Tuesday, September 26th. Zacks Investment Research downgraded shares of Treehouse Foods from a hold rating to a sell rating in a research note on Thursday, July 27th. Credit Suisse Group set a $68.00 price target on shares of Treehouse Foods and gave the stock a neutral rating in a research note on Tuesday, October 31st. Finally, BMO Capital Markets dropped their price target on shares of Treehouse Foods to $50.00 and set an outperform rating on the stock in a research note on Friday, November 3rd. Three analysts have rated the stock with a sell rating, eleven have assigned a hold rating and four have given a buy rating to the stock. The stock presently has an average rating of Hold and a consensus target price of $59.51.
Treehouse Foods (NYSE:THS) traded up $0.80 during trading on Thursday, reaching $43.66. 1,433,293 shares of the company traded hands, compared to its average volume of 789,254. Treehouse Foods has a 12-month low of $40.26 and a 12-month high of $90.42. The stock has a market cap of $2,460.00, a P/E ratio of 14.33, a price-to-earnings-growth ratio of 2.14 and a beta of 0.63. The company has a debt-to-equity ratio of 1.01, a current ratio of 2.16 and a quick ratio of 0.81.
Treehouse Foods (NYSE:THS) last released its quarterly earnings results on Thursday, November 2nd. The company reported $0.67 earnings per share (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 analysts’ expectations of $1.52 billion. During the same period last year, the firm earned $0.70 EPS. The business’s quarterly revenue was down 2.4% on a year-over-year basis. sell-side analysts predict that Treehouse Foods will post 2.72 earnings per share for the current year.
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Treehouse Foods declared that its board has approved a stock buyback plan on Thursday, November 2nd that allows the company to repurchase $400.00 million in shares. This repurchase authorization allows the company to repurchase shares of its stock through open market purchases. Shares repurchase plans are generally a sign that the company’s board believes its stock is undervalued.
In other news, CEO Sam K. Reed sold 11,480 shares of Treehouse Foods stock in a transaction dated Thursday, September 7th. The shares were 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 directly owns 70,647 shares of the company’s stock, valued at approximately $4,685,309.04. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Gary Dale Smith purchased 2,000 shares of the firm’s stock in a transaction dated Tuesday, November 7th. The stock was acquired at an average cost of $42.64 per share, with a total value of $85,280.00. Following the completion of the acquisition, 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 ninety days. Company insiders own 3.50% of the company’s stock.
Hedge funds and other institutional investors have recently bought and sold shares of the company. Teachers Advisors LLC boosted its stake in Treehouse Foods by 8.6% during the 1st quarter. Teachers Advisors LLC now owns 60,506 shares of the company’s stock valued at $5,122,000 after purchasing an additional 4,782 shares during the period. Morgan Stanley boosted its stake in Treehouse Foods by 18.9% during the 1st quarter. Morgan Stanley now owns 143,613 shares of the company’s stock valued at $12,158,000 after purchasing an additional 22,870 shares during the period. Renaissance Technologies LLC acquired a new position in Treehouse Foods during the 1st quarter valued at about $10,244,000. Public Employees Retirement System of Ohio boosted its stake in Treehouse Foods by 0.4% during the 1st quarter. Public Employees Retirement System of Ohio now owns 26,846 shares of the company’s stock valued at $2,273,000 after purchasing an additional 104 shares during the period. Finally, Capstone Asset Management Co. boosted its stake in Treehouse Foods by 4.2% during the 2nd quarter. Capstone Asset Management Co. now owns 7,766 shares of the company’s stock valued at $634,000 after purchasing an additional 310 shares during the period.
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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