Susquehanna Bancshares Inc Analysts Give Treehouse Foods, Inc. (THS) a $74.00 Price Target
A number of other research analysts have also recently weighed in on THS. Vertical Group cut Treehouse Foods from a buy rating to a hold rating and reduced their target price for the company from $100.61 to $62.64 in a report on Friday, August 4th. Vertical Research cut Treehouse Foods from a buy rating to a hold rating in a report on Friday, August 4th. UBS AG cut Treehouse Foods from a positive rating to a neutral rating in a report on Friday, August 4th. Zacks Investment Research upgraded Treehouse Foods from a sell rating to a hold rating in a report on Monday. Finally, BMO Capital Markets reduced their target price on Treehouse Foods from $90.00 to $85.00 and set an outperform rating on the stock in a report on Friday, August 4th. Two research analysts have rated the stock with a sell rating, thirteen have given a hold rating and three have given a buy rating to the company’s stock. The stock currently has a consensus rating of Hold and an average target price of $71.51.
Treehouse Foods (NYSE:THS) last issued its earnings results on Thursday, November 2nd. The company reported $0.67 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.78 by ($0.11). Treehouse Foods had a negative net margin of 3.90% and a positive return on equity of 6.54%. The firm had revenue of $1.55 billion during the quarter, compared to analyst estimates of $1.52 billion. During the same quarter in the previous year, the business posted $0.70 EPS. Treehouse Foods’s revenue was down 2.4% compared to the same quarter last year.
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Treehouse Foods declared that its Board of Directors has approved a share buyback program on Thursday, November 2nd that authorizes the company to buyback $400.00 million in outstanding shares. This buyback authorization authorizes the company to buy shares of its stock through open market purchases. Stock buyback programs are typically an indication that the company’s board of directors believes its stock is undervalued.
In related news, CEO Sam K. Reed sold 11,480 shares of the business’s stock in a transaction dated Monday, October 9th. The stock was 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 SEC, which is accessible through the SEC website. Insiders own 3.50% of the company’s stock.
Several large investors have recently added to or reduced their stakes in THS. Citigroup Inc. lifted its stake in shares of Treehouse Foods by 120.6% in the second 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. Creative Planning lifted its stake in shares of Treehouse Foods by 28.8% in the second quarter. Creative Planning now owns 1,379 shares of the company’s stock worth $113,000 after acquiring an additional 308 shares in the last quarter. Parallax Volatility Advisers L.P. lifted its stake in shares of Treehouse Foods by 30.9% in the second quarter. Parallax Volatility Advisers L.P. now owns 1,874 shares of the company’s stock worth $153,000 after acquiring an additional 442 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in shares of Treehouse Foods by 11.2% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,982 shares of the company’s stock worth $162,000 after acquiring an additional 199 shares in the last quarter. Finally, State of Alaska Department of Revenue lifted its stake in shares of Treehouse Foods by 6.7% in the second quarter. State of Alaska Department of Revenue now owns 2,259 shares of the company’s stock worth $184,000 after acquiring an additional 141 shares in the last quarter.
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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