TreeHouse Foods (NYSE:THS) Stock Rating Reaffirmed by Barclays
Other equities analysts have also recently issued reports about the company. Zacks Investment Research upgraded TreeHouse Foods from a “hold” rating to a “buy” rating and set a $62.00 price target for the company in a research report on Thursday, September 12th. BMO Capital Markets upgraded TreeHouse Foods from a “market perform” rating to an “outperform” rating and set a $54.54 price target for the company in a research report on Thursday, July 18th. Peel Hunt reiterated a “buy” rating on shares of TreeHouse Foods in a research report on Tuesday, October 22nd. ValuEngine cut TreeHouse Foods from a “hold” rating to a “sell” rating in a research report on Wednesday, October 2nd. Finally, Stifel Nicolaus upgraded TreeHouse Foods from a “hold” rating to a “buy” rating and lifted their price target for the company from $62.00 to $64.00 in a research report on Thursday, August 1st. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and eight have assigned a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus price target of $63.95.
Shares of NYSE THS traded up $0.15 during mid-day trading on Friday, hitting $49.09. The company had a trading volume of 1,141,820 shares, compared to its average volume of 548,871. The company has a market capitalization of $3.11 billion, a price-to-earnings ratio of 22.31, a P/E/G ratio of 1.61 and a beta of 0.72. TreeHouse Foods has a 1 year low of $44.60 and a 1 year high of $67.88. The company has a current ratio of 1.71, a quick ratio of 0.71 and a debt-to-equity ratio of 1.24. The stock’s 50-day moving average price is $54.17 and its 200-day moving average price is $55.34.
In related news, VP Thomas Emmet Oneill III sold 6,850 shares of the business’s stock in a transaction dated Wednesday, August 21st. The stock was sold at an average price of $50.21, for a total transaction of $343,938.50. Following the completion of the transaction, the vice president now directly owns 121,183 shares in the company, valued at $6,084,598.43. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, SVP Lori G. Roberts sold 3,134 shares of the business’s stock in a transaction dated Thursday, September 5th. The stock was sold at an average price of $54.28, for a total value of $170,113.52. Following the transaction, the senior vice president now owns 3,038 shares of the company’s stock, valued at $164,902.64. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 10,885 shares of company stock valued at $560,580. 1.50% of the stock is owned by company insiders.
Institutional investors have recently bought and sold shares of the stock. Machina Capital S.A.S. bought a new stake in TreeHouse Foods during the second quarter worth about $100,000. Point72 Hong Kong Ltd purchased a new stake in shares of TreeHouse Foods in the 2nd quarter worth approximately $105,000. Tower Research Capital LLC TRC grew its stake in shares of TreeHouse Foods by 43.2% in the 3rd quarter. Tower Research Capital LLC TRC now owns 2,202 shares of the company’s stock worth $122,000 after buying an additional 664 shares during the last quarter. KBC Group NV purchased a new stake in shares of TreeHouse Foods in the 2nd quarter worth approximately $166,000. Finally, Oakbrook Investments LLC purchased a new stake in shares of TreeHouse Foods in the 2nd quarter worth approximately $216,000.
TreeHouse Foods Company Profile
TreeHouse Foods, Inc operates as a food and beverage manufacturer in the United States, Canada, and Italy. The company operates through Baked Goods, Beverages, Condiments, Meals, and Snacks segments. The Baked Goods segment offers candies, cookies, crackers, in-store bakery products, pita chips, pretzels, refrigerated dough, retail griddle waffles, pancakes, and French toasts.
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