Treehouse Foods, Inc. (THS) Lowered to Equal Weight at Stephens

Treehouse Foods, Inc. (NYSE:THS) was downgraded by equities research analysts at Stephens from an “overweight” rating to an “equal weight” rating in a research note issued to investors on Thursday, MarketBeat.com reports.

A number of other equities research analysts also recently issued reports on THS. Susquehanna Bancshares Inc set a $74.00 price objective on shares of Treehouse Foods and gave the stock a “hold” rating in a research note on Monday. Credit Suisse Group set a $68.00 price objective on shares of Treehouse Foods and gave the stock a “neutral” rating in a research note on Tuesday. Vertical Group downgraded shares of Treehouse Foods from a “buy” rating to a “hold” rating and reduced their price objective for the stock from $100.61 to $62.64 in a research note on Friday, August 4th. BMO Capital Markets reiterated a “buy” rating and set a $85.00 price objective on shares of Treehouse Foods in a research note on Thursday. Finally, Vertical Research downgraded shares of Treehouse Foods from a “buy” rating to a “hold” rating in a research note on Friday, August 4th. One analyst has rated the stock with a sell rating, twelve have given a hold rating and four have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $79.15.

Treehouse Foods (NYSE:THS) last announced its quarterly earnings data on Wednesday, November 1st. The company reported $0.67 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.78 by ($0.11). The firm had revenue of $1.55 billion for the quarter, compared to analyst estimates of $1.52 billion. Treehouse Foods had a positive return on equity of 6.54% and a negative net margin of 3.90%. The company’s quarterly revenue was down 2.4% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.70 earnings per share.

Treehouse Foods announced that its board has authorized a share repurchase plan on Thursday, November 2nd that authorizes the company to repurchase $400.00 million in outstanding shares. This repurchase authorization authorizes the company to repurchase shares of its stock through open market purchases. Stock repurchase plans are often an indication that the company’s management believes its stock is undervalued.

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In other news, CEO Sam K. Reed sold 11,480 shares of the firm’s 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 filing with the SEC, which is available through this hyperlink. Company insiders own 3.50% of the company’s stock.

A number of large investors have recently bought and sold shares of the stock. Sterling Capital Management LLC boosted its position in Treehouse Foods by 0.5% during the 2nd quarter. Sterling Capital Management LLC now owns 3,047 shares of the company’s stock worth $249,000 after buying an additional 14 shares during the period. Comerica Securities Inc. boosted its position in Treehouse Foods by 1.2% during the 2nd quarter. Comerica Securities Inc. now owns 3,757 shares of the company’s stock worth $307,000 after buying an additional 45 shares during the period. Diversified Trust Co boosted its position in Treehouse Foods by 0.6% during the 2nd quarter. Diversified Trust Co now owns 8,055 shares of the company’s stock worth $658,000 after buying an additional 50 shares during the period. World Asset Management Inc boosted its position in Treehouse Foods by 2.3% during the 2nd quarter. World Asset Management Inc now owns 3,730 shares of the company’s stock worth $305,000 after buying an additional 85 shares during the period. Finally, Utah Retirement Systems boosted its position in Treehouse Foods by 1.0% during the 2nd quarter. Utah Retirement Systems now owns 10,100 shares of the company’s stock worth $825,000 after buying an additional 100 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.

Analyst Recommendations for Treehouse Foods (NYSE:THS)

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