Treehouse Foods (THS) Earns Market Perform Rating from Analysts at Wolfe Research
Wolfe Research assumed coverage on shares of Treehouse Foods (NYSE:THS) in a research report released on Monday morning, The Fly reports. The brokerage issued a market perform rating on the stock.
Several other research analysts have also weighed in on the company. Vertical Group raised Treehouse Foods from a hold rating to a buy rating in a research report on Thursday, November 16th. J P Morgan Chase & Co lifted their price objective on Treehouse Foods from $38.00 to $39.00 and gave the stock an underweight rating in a research report on Wednesday, November 15th. 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. 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 research note on Tuesday, November 14th. Finally, 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 research note on Tuesday, November 14th. Three equities 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 company’s stock. The company currently has a consensus rating of Hold and an average price target of $59.51.
Treehouse Foods (NYSE THS) opened at $46.45 on Monday. Treehouse Foods has a 12-month low of $40.26 and a 12-month high of $90.42. The company has a debt-to-equity ratio of 1.01, a current ratio of 2.16 and a quick ratio of 0.81. The firm has a market capitalization of $2,600.00, a PE ratio of 15.73, a PEG ratio of 2.56 and a beta of 0.49.
Treehouse Foods (NYSE:THS) last posted its quarterly earnings data on Thursday, November 2nd. The company reported $0.67 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.78 by ($0.11). Treehouse Foods had a positive return on equity of 6.61% and a negative net margin of 4.06%. The business had revenue of $1.55 billion during the quarter, compared to the consensus estimate of $1.52 billion. During the same period last year, the business posted $0.70 earnings per share. The business’s revenue was down 2.4% on a year-over-year basis. research analysts predict that Treehouse Foods will post 2.72 earnings per share for the current year.
Treehouse Foods declared that its board has initiated a share repurchase plan on Thursday, November 2nd that authorizes the company to buyback $400.00 million in shares. This buyback authorization authorizes the company to buy shares of its stock through open market purchases. Stock buyback plans are generally a sign that the company’s board believes its shares are undervalued.
In related news, Director Gary Dale Smith purchased 2,000 shares of the business’s stock in a transaction on Tuesday, November 7th. The stock was acquired at an average price of $42.64 per share, for a total transaction of $85,280.00. Following the purchase, the director now owns 271 shares of the company’s stock, valued at $11,555.44. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, CEO Sam K. Reed sold 11,480 shares of Treehouse Foods stock in a transaction dated Tuesday, November 7th. The shares were sold at an average price of $42.73, for a total value of $490,540.40. Following the transaction, the chief executive officer now owns 80,747 shares of the company’s stock, valued at approximately $3,450,319.31. The disclosure for this sale can be found here. 3.50% of the stock is currently owned by insiders.
Institutional investors have recently bought and sold shares of the business. Citigroup Inc. lifted its position in shares of Treehouse Foods by 120.6% during the 2nd quarter. Citigroup Inc. now owns 1,286 shares of the company’s stock worth $105,000 after buying an additional 703 shares in the last quarter. Prudential Financial Inc. lifted its position in shares of Treehouse Foods by 269.8% during the 2nd quarter. Prudential Financial Inc. now owns 141,658 shares of the company’s stock worth $11,572,000 after buying 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 2nd quarter. Employees Retirement System of Texas now owns 47,000 shares of the company’s stock worth $3,839,000 after buying 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 2nd quarter. Suntrust Banks Inc. now owns 6,302 shares of the company’s stock worth $513,000 after buying an additional 722 shares in the last quarter. Finally, Amica Mutual Insurance Co. bought a new position in shares of Treehouse Foods during the 3rd quarter worth approximately $868,000.
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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