Treehouse Foods (THS) Now Covered by Wolfe Research

Research analysts at Wolfe Research began coverage on shares of Treehouse Foods (NYSE:THS) in a note issued to investors on Monday. The brokerage set a “market perform” rating on the stock.

THS has been the subject of several other reports. Susquehanna Bancshares reaffirmed a “hold” rating and issued a $75.00 target price on shares of Treehouse Foods in a report on Monday, October 9th. UBS assumed coverage on Treehouse Foods in a report on Wednesday, October 18th. They issued a “neutral” rating and a $70.00 target price for the company. Wells Fargo & Company reduced their target price on Treehouse Foods from $43.00 to $41.00 and set a “market perform” rating for the company in a report on Tuesday, November 14th. Bank of America reduced their target price on Treehouse Foods from $55.00 to $47.00 and set a “neutral” rating for the company in a report on Tuesday, November 14th. Finally, BMO Capital Markets reaffirmed a “buy” rating and issued a $85.00 target price on shares of Treehouse Foods in a report on Thursday, November 2nd. Three investment analysts have rated the stock with a sell rating, twelve have given a hold rating and four have assigned a buy rating to the company. Treehouse Foods has an average rating of “Hold” and a consensus price target of $59.51.

Shares of Treehouse Foods (THS) opened at $45.50 on Monday. 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 capitalization of $2,635.90, a P/E ratio of 15.72, a price-to-earnings-growth ratio of 2.56 and a beta of 0.49. Treehouse Foods has a twelve month low of $40.26 and a twelve month high of $90.42.

Treehouse Foods (NYSE:THS) last issued its quarterly earnings data on Thursday, November 2nd. The company reported $0.67 EPS for the quarter, missing analysts’ consensus estimates of $0.78 by ($0.11). The company had revenue of $1.55 billion for the quarter, compared to the consensus estimate of $1.52 billion. Treehouse Foods had a positive return on equity of 6.61% and a negative net margin of 4.06%. The business’s revenue for the quarter was down 2.4% on a year-over-year basis. During the same period in the prior year, the firm posted $0.70 earnings per share. sell-side analysts predict that Treehouse Foods will post 2.72 earnings per share for the current fiscal year.

Treehouse Foods declared that its board has approved a stock repurchase plan on Thursday, November 2nd that permits the company to repurchase $400.00 million in outstanding shares. This repurchase authorization permits the company to buy shares of its stock through open market purchases. Stock repurchase plans are typically an indication that the company’s management believes its shares are undervalued.

In other news, Director Gary Dale Smith acquired 2,000 shares of the company’s 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 purchase, the director now owns 271 shares in the company, valued at $11,555.44. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Sam K. Reed sold 11,480 shares of the company’s stock in a transaction that occurred on Tuesday, November 7th. The shares were sold at an average price of $42.73, for a total value of $490,540.40. Following the completion of the transaction, the chief executive officer now owns 80,747 shares in the company, valued at approximately $3,450,319.31. The disclosure for this sale can be found here. In the last quarter, insiders sold 34,440 shares of company stock worth $2,027,712. 3.50% of the stock is owned by company insiders.

A number of institutional investors have recently bought and sold shares of the stock. Citigroup Inc. lifted its position in shares of 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 acquiring an additional 703 shares in the last quarter. Prudential Financial Inc. lifted its position in shares of Treehouse Foods by 269.8% during the second quarter. Prudential Financial Inc. now owns 141,658 shares of the company’s stock worth $11,572,000 after acquiring an additional 103,350 shares in the last quarter. Employees Retirement System of Texas lifted its position in shares of Treehouse Foods by 161.1% during the second quarter. Employees Retirement System of Texas now owns 47,000 shares of the company’s stock worth $3,839,000 after acquiring an additional 29,000 shares in the last quarter. Suntrust Banks Inc. lifted its position in shares of Treehouse Foods by 12.9% during the second quarter. Suntrust Banks Inc. now owns 6,302 shares of the company’s stock worth $513,000 after acquiring an additional 722 shares in the last quarter. Finally, Amica Mutual Insurance Co. purchased a new stake in shares of Treehouse Foods during the third quarter worth $868,000.

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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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