Other analysts have also recently issued research reports about the stock. Credit Suisse Group set a $68.00 target price on shares of TreeHouse Foods and gave the stock a neutral rating in a research note on Tuesday, October 31st. BMO Capital Markets cut their target price on shares of TreeHouse Foods to $50.00 and set an outperform rating for the company in a research note on Friday, November 3rd. UBS Group cut their target price on shares of TreeHouse Foods from $70.00 to $46.00 and set a neutral rating for the company in a research note on Friday, November 3rd. Stifel Nicolaus cut shares of TreeHouse Foods from a buy rating to a hold rating and cut their target price for the stock from $84.00 to $44.00 in a research note on Thursday, November 2nd. Finally, Wells Fargo & Co cut their target price on shares of TreeHouse Foods from $43.00 to $41.00 and set a market perform rating for the company in a research note on Tuesday, November 14th. Two equities research analysts have rated the stock with a sell rating, fourteen have given a hold rating and four have given a buy rating to the company. The stock presently has an average rating of Hold and a consensus price target of $54.18.
TreeHouse Foods (THS) opened at $38.28 on Thursday. TreeHouse Foods has a fifty-two week low of $36.35 and a fifty-two week high of $90.42. The company has a debt-to-equity ratio of 1.12, a current ratio of 2.48 and a quick ratio of 0.81. The firm has a market cap of $2,144.43, a price-to-earnings ratio of -7.64, a price-to-earnings-growth ratio of 2.58 and a beta of 0.42.
TreeHouse Foods declared that its board has authorized a share repurchase program on Thursday, November 2nd that allows the company to buyback $400.00 million in outstanding shares. This buyback authorization allows the company to repurchase shares of its stock through open market purchases. Stock buyback programs are typically a sign that the company’s management believes its stock is undervalued.
In related news, VP Thomas Emmet Oneill III sold 2,000 shares of the business’s stock in a transaction dated Tuesday, December 5th. The shares were sold at an average price of $45.32, for a total transaction of $90,640.00. Following the transaction, the vice president now directly owns 135,019 shares in the company, valued at $6,119,061.08. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Sam K. Reed sold 11,480 shares of the business’s stock in a transaction dated Wednesday, February 7th. The stock was sold at an average price of $42.44, for a total transaction of $487,211.20. Following the transaction, the chief executive officer now owns 81,147 shares in the company, valued at $3,443,878.68. The disclosure for this sale can be found here. Insiders have sold 36,440 shares of company stock worth $1,680,850 over the last 90 days. 3.50% of the stock is currently owned by company insiders.
Institutional investors and hedge funds have recently bought and sold shares of the stock. Citigroup Inc. boosted 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 acquiring an additional 703 shares during the last quarter. Balter Liquid Alternatives LLC acquired a new position in TreeHouse Foods during the fourth quarter worth about $174,000. State of Alaska Department of Revenue acquired a new position in TreeHouse Foods during the fourth quarter worth about $197,000. ZWJ Investment Counsel Inc. acquired a new position in TreeHouse Foods in the 3rd quarter valued at about $212,000. Finally, Zions Bancorporation acquired a new position in TreeHouse Foods in the 3rd quarter valued at about $212,000.
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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.
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