TreeHouse Foods (NYSE:THS) has been assigned a $38.00 target price by stock analysts at Credit Suisse Group in a report issued on Saturday. The brokerage currently has a “hold” rating on the stock. Credit Suisse Group’s price objective points to a potential downside of 0.73% from the stock’s current price.
Other equities research analysts also recently issued research reports about the stock. Wolfe Research assumed coverage on shares of TreeHouse Foods in a research report on Monday, December 4th. They set a “market perform” rating for the company. Citigroup lowered their price objective on shares of TreeHouse Foods from $90.00 to $62.00 and set a “buy” rating for the company in a research report on Friday, November 3rd. Zacks Investment Research raised shares of TreeHouse Foods from a “sell” rating to a “hold” rating in a research report on Monday, October 30th. Jefferies Group set a $100.00 price objective on shares of TreeHouse Foods and gave the stock a “buy” rating in a research report on Sunday, October 29th. Finally, TheStreet downgraded shares of TreeHouse Foods from a “c-” rating to a “d+” rating in a research report on Friday, November 10th. 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’s stock. TreeHouse Foods presently has a consensus rating of “Hold” and a consensus price target of $53.51.
Shares of TreeHouse Foods (THS) opened at $38.28 on Friday. The company has a quick ratio of 0.81, a current ratio of 2.48 and a debt-to-equity ratio of 1.12. The firm has a market cap of $2,190.19, a price-to-earnings ratio of -7.64, a price-to-earnings-growth ratio of 2.63 and a beta of 0.42. TreeHouse Foods has a twelve month low of $36.35 and a twelve month high of $90.42.
TreeHouse Foods declared that its board has authorized a share repurchase plan on Thursday, November 2nd that allows the company to repurchase $400.00 million in shares. This repurchase authorization allows the company to reacquire shares of its stock through open market purchases. Shares repurchase plans are usually an indication that the company’s management believes its shares are undervalued.
In related news, CEO Sam K. Reed sold 11,480 shares of the firm’s stock in a transaction on Monday, January 8th. The shares were sold at an average price of $49.72, for a total value of $570,785.60. Following the completion of the transaction, the chief executive officer now owns 81,147 shares of the company’s stock, valued at $4,034,628.84. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, VP Thomas Emmet Oneill III sold 2,000 shares of the firm’s stock in a transaction on Tuesday, December 5th. The shares were sold at an average price of $45.32, for a total transaction of $90,640.00. Following the completion of the transaction, the vice president now directly 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 ninety days, insiders sold 36,440 shares of company stock valued at $1,680,850. 3.50% of the stock is owned by insiders.
Several institutional investors and hedge funds have recently made changes to their positions in THS. Citigroup Inc. grew its position in shares of TreeHouse Foods by 120.6% in the 2nd quarter. Citigroup Inc. now owns 1,286 shares of the company’s stock valued at $105,000 after acquiring an additional 703 shares during the period. Balter Liquid Alternatives LLC bought a new position in shares of TreeHouse Foods in the 4th quarter valued at about $174,000. State of Alaska Department of Revenue bought a new position in shares of TreeHouse Foods in the 4th quarter valued at about $197,000. ZWJ Investment Counsel Inc. bought a new position in shares of TreeHouse Foods in the 3rd quarter valued at about $212,000. Finally, Zions Bancorporation bought a new position in shares of TreeHouse Foods in the 3rd quarter valued at about $212,000.
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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