Treehouse Foods, Inc. (THS) Lowered to Sell at Zacks Investment Research
Zacks Investment Research cut shares of Treehouse Foods, Inc. (NYSE:THS) from a hold rating to a sell rating in a research note issued to investors on Thursday morning.
According to Zacks, “Shares of TreeHouse Foods have underperformed the broader industry in the last one year. Changing consumer buying patterns and currency headwinds pose serious threats to the company. Also, investments in sales force, acquisition and higher incentive compensation have led to increasing operating costs of the company. Management also issued a soft guidance for the second quarter, which is below expectations. In fact, the quarter will be the lowest one in 2017, with respect to earnings. Evidently, the estimate for 2017 has declined by 2 cents in the last seven days. Though management remains on track with the progress of the Private Brands’ integration and revised organizational structure, a soft retail landscape is likely to hurt its results. The company has been proactive toward consumers' interests in natural and fresh foods, and is therefore, focusing on organic food production.”
Several other equities research analysts also recently weighed in on THS. J P Morgan Chase & Co reissued an overweight rating and set a $95.00 price target on shares of Treehouse Foods in a research report on Monday, April 3rd. Stifel Nicolaus reaffirmed a buy rating and issued a $93.00 target price on shares of Treehouse Foods in a research report on Wednesday, April 26th. Stephens raised shares of Treehouse Foods from an equal weight rating to an overweight rating and set a $90.00 price objective for the company in a research report on Friday, May 5th. Wedbush downgraded shares of Treehouse Foods from an outperform rating to a neutral rating in a research report on Friday, May 5th. Finally, Wells Fargo & Company downgraded shares of Treehouse Foods from an outperform rating to a market perform rating in a research report on Friday, May 5th. Two analysts have rated the stock with a sell rating, four have given a hold rating and six have given a buy rating to the company’s stock. Treehouse Foods has an average rating of Hold and a consensus target price of $93.57.
Shares of Treehouse Foods (THS) traded down 0.99% on Thursday, reaching $84.89. The company’s stock had a trading volume of 501,594 shares. The stock has a 50 day moving average of $81.61 and a 200-day moving average of $81.50. The firm’s market cap is $4.83 billion. Treehouse Foods has a 12 month low of $62.64 and a 12 month high of $104.18.
Treehouse Foods (NYSE:THS) last posted its earnings results on Thursday, May 4th. The company reported $0.61 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.65 by $0.04. Treehouse Foods had a positive return on equity of 6.50% and a negative net margin of 3.12%. The business had revenue of $1.54 billion during the quarter, compared to the consensus estimate of $1.54 billion. During the same period in the previous year, the business earned $0.48 earnings per share. The firm’s revenue for the quarter was up 20.9% compared to the same quarter last year. On average, analysts anticipate that Treehouse Foods will post $3.51 EPS for the current year.
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In other news, CAO Thomas Emmet Oneill III sold 14,430 shares of the company’s stock in a transaction dated Monday, May 15th. The shares were sold at an average price of $76.50, for a total transaction of $1,103,895.00. Following the sale, the chief accounting officer now directly owns 130,708 shares in the company, valued at approximately $9,999,162. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Erik Thomas Kahler sold 5,700 shares of the company’s stock in a transaction dated Thursday, June 15th. The shares were sold at an average price of $79.34, for a total transaction of $452,238.00. Following the sale, the senior vice president now owns 28,857 shares in the company, valued at $2,289,514.38. The disclosure for this sale can be found here. In the last quarter, insiders sold 28,330 shares of company stock worth $2,183,843. Corporate insiders own 3.50% of the company’s stock.
Hedge funds have recently made changes to their positions in the stock. First Mercantile Trust Co. acquired a new stake in shares of Treehouse Foods during the first quarter valued at about $1,530,000. Retirement Systems of Alabama increased its position in shares of Treehouse Foods by 11.5% in the first quarter. Retirement Systems of Alabama now owns 236,026 shares of the company’s stock valued at $19,982,000 after buying an additional 24,267 shares during the last quarter. State of Alaska Department of Revenue increased its position in shares of Treehouse Foods by 4.7% in the first quarter. State of Alaska Department of Revenue now owns 2,118 shares of the company’s stock valued at $179,000 after buying an additional 96 shares during the last quarter. Nisa Investment Advisors LLC increased its position in shares of Treehouse Foods by 7.8% in the first quarter. Nisa Investment Advisors LLC now owns 24,820 shares of the company’s stock valued at $2,101,000 after buying an additional 1,800 shares during the last quarter. Finally, National Investment Services Inc. WI purchased a new position in shares of Treehouse Foods during the first quarter valued at approximately $2,400,000.
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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