THS has been the subject of several other reports. Susquehanna Bancshares Inc reissued a hold rating and set a $75.00 target price on shares of Treehouse Foods in a research report on Monday, October 9th. BMO Capital Markets decreased their target price on shares of Treehouse Foods from $90.00 to $85.00 and set an outperform rating for the company in a research report on Friday, August 4th. Zacks Investment Research raised shares of Treehouse Foods from a sell rating to a hold rating in a research report on Tuesday, July 4th. Vertical Group downgraded shares of Treehouse Foods from a buy rating to a hold rating and decreased their target price for the stock from $100.61 to $62.64 in a research report on Friday, August 4th. Finally, Jefferies Group LLC reissued a buy rating and set a $100.00 target price on shares of Treehouse Foods in a research report on Tuesday, September 26th. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating and five have issued a buy rating to the stock. The company presently has an average rating of Hold and a consensus price target of $80.36.
Shares of Treehouse Foods (NYSE THS) traded up 0.46% during trading on Wednesday, hitting $67.85. The stock had a trading volume of 440,372 shares. Treehouse Foods has a 1-year low of $62.64 and a 1-year high of $90.42. The company’s market capitalization is $3.88 billion. The firm has a 50-day moving average of $67.34 and a 200 day moving average of $76.83.
Treehouse Foods (NYSE:THS) last posted its earnings results on Thursday, August 3rd. The company reported $0.51 EPS for the quarter, topping the consensus estimate of $0.49 by $0.02. The company had revenue of $1.52 billion during the quarter, compared to the consensus estimate of $1.54 billion. Treehouse Foods had a negative net margin of 3.90% and a positive return on equity of 6.54%. The firm’s revenue for the quarter was down 1.2% on a year-over-year basis. During the same period in the previous year, the firm posted $0.54 earnings per share. Equities research analysts predict that Treehouse Foods will post $3.18 earnings per share for the current fiscal year.
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In other Treehouse Foods news, CEO Sam K. Reed sold 11,480 shares of the company’s stock in a transaction dated Monday, October 9th. The shares were sold at an average price of $67.58, for a total value of $775,818.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 3.50% of the company’s stock.
Hedge funds have recently made changes to their positions in the stock. Citigroup Inc. lifted its stake in shares of Treehouse Foods by 120.6% during the 2nd quarter. Citigroup Inc. now owns 1,286 shares of the company’s stock valued at $105,000 after buying an additional 703 shares in the last quarter. Creative Planning lifted its stake in shares of Treehouse Foods by 28.8% during the 2nd quarter. Creative Planning now owns 1,379 shares of the company’s stock valued at $113,000 after buying an additional 308 shares in the last quarter. FNY Partners Fund LP purchased a new stake in shares of Treehouse Foods during the 1st quarter valued at approximately $126,000. Parallax Volatility Advisers L.P. lifted its stake in shares of Treehouse Foods by 30.9% during the 2nd quarter. Parallax Volatility Advisers L.P. now owns 1,874 shares of the company’s stock valued at $153,000 after buying an additional 442 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in shares of Treehouse Foods by 11.2% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,982 shares of the company’s stock valued at $162,000 after buying an additional 199 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.
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