Jefferies Group LLC Lowers Treehouse Foods, Inc. (THS) Price Target to $68.00
Treehouse Foods, Inc. (NYSE:THS) had its price target dropped by Jefferies Group LLC from $90.00 to $68.00 in a research report issued on Monday. The firm presently has a “buy” rating on the stock. Jefferies Group LLC’s target price would indicate a potential upside of 58.36% from the company’s current price.
A number of other equities research analysts have also recently issued reports on the stock. Citigroup Inc. cut 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 note on Friday. UBS AG cut their price objective 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. BMO Capital Markets cut their price objective on shares of Treehouse Foods to $50.00 and set an “outperform” rating for the company in a research note on Friday. J P Morgan Chase & Co cut shares of Treehouse Foods from a “neutral” rating to an “underweight” rating and set a $38.00 price objective for the company. in a research note on Friday. Finally, Stifel Nicolaus cut shares of Treehouse Foods from a “buy” rating to a “hold” rating and cut their price objective for the company from $84.00 to $44.00 in a research note on Thursday. Two research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and four have issued a buy rating to the company’s stock. Treehouse Foods presently has a consensus rating of “Hold” and an average price target of $62.89.
Shares of Treehouse Foods (THS) traded up $0.78 during trading hours on Monday, hitting $42.94. 413,681 shares of the stock were exchanged, compared to its average volume of 1,409,377. The company has a market cap of $2,412.19, a price-to-earnings ratio of 14.39, a price-to-earnings-growth ratio of 1.49 and a beta of 0.63. Treehouse Foods has a 1 year low of $40.26 and a 1 year high of $90.42. The company has a quick ratio of 0.81, a current ratio of 2.16 and a debt-to-equity ratio of 1.01.
Treehouse Foods (NYSE:THS) last issued its quarterly earnings results on Thursday, November 2nd. The company reported $0.67 EPS for the quarter, missing the Zacks’ 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 company had revenue of $1.55 billion during the quarter, compared to the consensus estimate of $1.52 billion. During the same period in the previous year, the company earned $0.70 EPS. Treehouse Foods’s quarterly revenue was down 2.4% on a year-over-year basis. research analysts forecast that Treehouse Foods will post 3.15 earnings per share for the current fiscal year.
Treehouse Foods announced that its board has approved a stock buyback program on Thursday, November 2nd that authorizes the company to repurchase $400.00 million in shares. This repurchase authorization authorizes the company to purchase shares of its stock through open market purchases. Shares repurchase programs are generally an indication that the company’s management believes its stock is undervalued.
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In other news, CEO Sam K. Reed sold 11,480 shares of the firm’s stock in a transaction dated Monday, October 9th. The shares were sold at an average price of $67.58, for a total value of $775,818.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 3.50% of the company’s stock.
Institutional investors have recently modified their holdings of the stock. Citigroup Inc. increased its stake in shares of Treehouse Foods by 120.6% in the 2nd quarter. Citigroup Inc. now owns 1,286 shares of the company’s stock worth $105,000 after acquiring an additional 703 shares in the last quarter. Prudential Financial Inc. increased its stake in shares of Treehouse Foods by 269.8% in the 2nd quarter. Prudential Financial Inc. now owns 141,658 shares of the company’s stock worth $11,572,000 after acquiring an additional 103,350 shares in the last quarter. Suntrust Banks Inc. increased its stake in shares of Treehouse Foods by 12.9% in the 2nd quarter. Suntrust Banks Inc. now owns 6,302 shares of the company’s stock worth $513,000 after acquiring an additional 722 shares in the last quarter. Employees Retirement System of Texas increased its stake in shares of Treehouse Foods by 161.1% in the 2nd quarter. Employees Retirement System of Texas now owns 47,000 shares of the company’s stock worth $3,839,000 after acquiring an additional 29,000 shares in the last quarter. Finally, Vivaldi Asset Management LLC bought a new position in shares of Treehouse Foods in the 2nd quarter worth about $8,476,000.
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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