Wells Fargo & Co set a $46.00 price objective on Treehouse Foods (NYSE:THS) in a research report report published on Thursday morning. The brokerage currently has a hold rating on the stock.
A number of other equities analysts also recently issued reports on the company. JPMorgan Chase & Co. set a $39.00 target price on Treehouse Foods and gave the stock a sell rating in a research note on Wednesday, December 13th. Wolfe Research assumed coverage on Treehouse Foods in a research note on Monday, December 4th. They set a market perform rating for the company. Vertical Group raised Treehouse Foods from a hold rating to a buy rating in a research note on Thursday, November 16th. BMO Capital Markets downgraded Treehouse Foods from an outperform rating to a market perform rating and set a $48.00 target price for the company. in a research note on Wednesday, November 15th. Finally, Bank of America dropped their price objective on Treehouse Foods from $55.00 to $47.00 and set a neutral rating for the company in a research note on Tuesday, November 14th. Three research analysts have rated the stock with a sell rating, twelve have given a hold rating and four have assigned a buy rating to the stock. The stock currently has a consensus rating of Hold and a consensus target price of $59.90.
Shares of Treehouse Foods (NYSE:THS) traded down $0.20 during mid-day trading on Thursday, hitting $49.70. The stock had a trading volume of 771,572 shares, compared to its average volume of 743,271. The stock has a market cap of $2,843.59, a P/E ratio of 16.96, a price-to-earnings-growth ratio of 2.76 and a beta of 0.49. Treehouse Foods has a fifty-two week low of $40.26 and a fifty-two week high of $90.42. The company has a current ratio of 2.16, a quick ratio of 0.81 and a debt-to-equity ratio of 1.01.
Treehouse Foods (NYSE:THS) last issued its earnings results on Thursday, November 2nd. The company reported $0.67 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.78 by ($0.11). The business had revenue of $1.55 billion for the quarter, compared to analysts’ expectations 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 quarterly revenue was down 2.4% on a year-over-year basis. During the same period last year, the company posted $0.70 earnings per share. analysts expect that Treehouse Foods will post 2.73 earnings per share for the current year.
Treehouse Foods announced that its Board of Directors has approved a share repurchase plan on Thursday, November 2nd that authorizes the company to buyback $400.00 million in outstanding shares. This buyback authorization authorizes the company to reacquire shares of its stock through open market purchases. Stock buyback plans are generally an indication that the company’s board believes its shares are undervalued.
In other Treehouse Foods news, VP Thomas Emmet Oneill III sold 2,000 shares of the stock in a transaction on Tuesday, December 5th. The stock was sold at an average price of $45.32, for a total transaction of $90,640.00. Following the sale, the vice president now owns 135,019 shares in the company, valued at approximately $6,119,061.08. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Sam K. Reed sold 11,480 shares of the stock in a transaction on Monday, October 9th. The shares were sold at an average price of $67.58, for a total value of $775,818.40. The disclosure for this sale can be found here. In the last quarter, insiders have sold 36,440 shares of company stock worth $1,889,212. 3.50% of the stock is owned by insiders.
A number of large investors have recently made changes to their positions in the business. Wells Fargo & Company MN grew its holdings in Treehouse Foods by 12.2% during the 3rd quarter. Wells Fargo & Company MN now owns 5,133,963 shares of the company’s stock valued at $347,723,000 after buying an additional 557,363 shares during the last quarter. BlackRock Inc. boosted its holdings in shares of Treehouse Foods by 0.4% during the second quarter. BlackRock Inc. now owns 4,668,862 shares of the company’s stock worth $381,400,000 after purchasing an additional 16,592 shares during the last quarter. Vanguard Group Inc. boosted its holdings in shares of Treehouse Foods by 1.2% during the second quarter. Vanguard Group Inc. now owns 4,574,766 shares of the company’s stock worth $373,713,000 after purchasing an additional 56,356 shares during the last quarter. FMR LLC boosted its holdings in shares of Treehouse Foods by 2.3% during the second quarter. FMR LLC now owns 3,866,371 shares of the company’s stock worth $315,843,000 after purchasing an additional 87,098 shares during the last quarter. Finally, Victory Capital Management Inc. boosted its holdings in shares of Treehouse Foods by 616.9% during the third quarter. Victory Capital Management Inc. now owns 3,273,871 shares of the company’s stock worth $221,740,000 after purchasing an additional 2,817,230 shares during the last quarter.
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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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