Shares of TreeHouse Foods Inc. (NYSE:THS) were down 2.7% on Friday after Stifel Nicolaus lowered their price target on the stock from $44.00 to $40.00. Stifel Nicolaus currently has a hold rating on the stock. TreeHouse Foods traded as low as $36.35 and last traded at $38.50. Approximately 2,657,924 shares traded hands during trading, an increase of 159% from the average daily volume of 1,025,336 shares. The stock had previously closed at $37.48.
A number of other analysts have also weighed in on THS. Jefferies Group set a $100.00 target price on TreeHouse Foods and gave the stock a “buy” rating in a report on Sunday, October 29th. Zacks Investment Research upgraded TreeHouse Foods from a “sell” rating to a “hold” rating in a report on Monday, October 30th. Susquehanna Bancshares set a $74.00 target price on TreeHouse Foods and gave the stock a “hold” rating in a report on Monday, October 30th. Credit Suisse Group set a $68.00 target price on TreeHouse Foods and gave the stock a “neutral” rating in a report on Tuesday, October 31st. Finally, BMO Capital Markets restated a “buy” rating and set a $85.00 target price on shares of TreeHouse Foods in a report on Thursday, November 2nd. Two analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and four have given a buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of $54.18.
In other news, CEO Sam K. Reed sold 11,480 shares of the stock in a transaction on Thursday, December 7th. The stock was sold at an average price of $46.36, for a total transaction of $532,212.80. Following the completion of the sale, the chief executive officer now owns 81,147 shares in the company, valued at approximately $3,761,974.92. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, VP Thomas Emmet Oneill III sold 2,000 shares of the stock in a transaction on Tuesday, December 5th. The shares were sold at an average price of $45.32, for a total value of $90,640.00. Following the sale, the vice president now owns 135,019 shares of the company’s stock, valued at approximately $6,119,061.08. The disclosure for this sale can be found here. In the last quarter, insiders have sold 36,440 shares of company stock valued at $1,680,850. Company insiders own 3.50% of the company’s stock.
The company has a debt-to-equity ratio of 1.12, a quick ratio of 0.81 and a current ratio of 2.48. The company has a market cap of $2,144.43, a PE ratio of -7.64, a PEG ratio of 2.58 and a beta of 0.42.
TreeHouse Foods (NYSE:THS) last released its earnings results on Thursday, February 15th. The company reported $1.02 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.93 by $0.09. TreeHouse Foods had a positive return on equity of 6.49% and a negative net margin of 4.54%. The firm had revenue of $1.70 billion for the quarter, compared to the consensus estimate of $1.70 billion. During the same period in the prior year, the firm earned $1.14 EPS. The firm’s revenue was down 4.3% on a year-over-year basis. analysts forecast that TreeHouse Foods Inc. will post 2.2 EPS for the current fiscal year.
TreeHouse Foods declared that its board has initiated 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 purchase shares of its stock through open market purchases. Shares repurchase plans are often an indication that the company’s board of directors believes its shares are undervalued.
TreeHouse Foods Company Profile
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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