Treehouse Foods, Inc. (NYSE:THS) had its price objective dropped by equities researchers at Wells Fargo & Company from $43.00 to $41.00 in a research report issued to clients and investors on Tuesday. The firm currently has a “market perform” rating on the stock. Wells Fargo & Company’s target price suggests a potential downside of 5.22% from the company’s current price.
Other analysts have also issued research reports about the company. BMO Capital Markets reissued a “buy” rating on shares of Treehouse Foods in a report on Tuesday, July 18th. Jefferies Group LLC reissued a “buy” rating and issued a $100.00 target price on shares of Treehouse Foods in a report on Tuesday, September 26th. Citigroup Inc. lowered their target price on Treehouse Foods from $90.00 to $62.00 and set a “buy” rating on the stock in a report on Friday, November 3rd. TheStreet lowered Treehouse Foods from a “c-” rating to a “d+” rating in a report on Friday. Finally, Stephens lowered Treehouse Foods from an “overweight” rating to an “equal weight” rating in a report on Thursday, November 2nd. Three equities research analysts have rated the stock with a sell rating, eleven have given a hold rating and four have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $59.59.
Treehouse Foods (THS) traded up $0.18 during trading on Tuesday, 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 company has a debt-to-equity ratio of 1.01, a current ratio of 2.16 and a quick ratio of 0.81. The firm has a market capitalization of $2,464.83, a price-to-earnings ratio of 14.70, a price-to-earnings-growth 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.
Treehouse Foods (NYSE:THS) last posted its earnings results on Thursday, November 2nd. The company reported $0.67 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.78 by ($0.11). The firm had revenue of $1.55 billion during the quarter, compared to analyst estimates of $1.52 billion. Treehouse Foods had a negative net margin of 4.06% and a positive return on equity of 6.61%. The firm’s revenue for the quarter was down 2.4% on a year-over-year basis. During the same period last year, the company posted $0.70 EPS. equities research analysts anticipate that Treehouse Foods will post 2.72 earnings per share for the current fiscal year.
Treehouse Foods announced that its Board of Directors has initiated a stock buyback 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 usually a sign that the company’s leadership believes its shares are undervalued.
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In related news, CEO Sam K. Reed sold 11,480 shares of the stock in a transaction dated Monday, October 9th. The stock was sold at an average price of $67.58, for a total transaction of $775,818.40. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Gary Dale Smith bought 2,000 shares of Treehouse Foods stock in a transaction that occurred on Tuesday, November 7th. The shares were acquired at an average price of $42.64 per share, for a total transaction of $85,280.00. Following the completion of the transaction, 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 over the last quarter. 3.50% of the stock is currently owned by company insiders.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in THS. Citigroup Inc. lifted its position in Treehouse Foods by 120.6% during the second quarter. Citigroup Inc. now owns 1,286 shares of the company’s stock worth $105,000 after buying an additional 703 shares during the period. Creative Planning lifted its position in 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 buying an additional 308 shares during the period. Parallax Volatility Advisers L.P. lifted its position in 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 buying an additional 442 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in 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 buying an additional 199 shares during the period. Finally, State of Alaska Department of Revenue lifted its position in 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 buying an additional 141 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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