Treehouse Foods, Inc. (THS) Upgraded to “Buy” at Vertical Group
Vertical Group upgraded shares of Treehouse Foods, Inc. (NYSE:THS) from a hold rating to a buy rating in a research report released on Thursday, The Fly reports.
Several other equities research analysts also recently weighed in on the stock. Zacks Investment Research downgraded shares of Treehouse Foods from a hold rating to a sell rating in a research report on Thursday, July 27th. J P Morgan Chase & Co downgraded shares of Treehouse Foods from an overweight rating to a neutral rating and dropped their target price for the stock from $90.00 to $76.00 in a research report on Friday, August 4th. Susquehanna Bancshares Inc reissued a neutral rating and issued a $78.00 target price (down previously from $108.00) on shares of Treehouse Foods in a research report on Friday, August 4th. UBS AG downgraded shares of Treehouse Foods from a positive rating to a neutral rating in a research report on Friday, August 4th. Finally, Vertical Research downgraded shares of Treehouse Foods from a buy rating to a hold rating in a research report on Friday, August 4th. Three analysts have rated the stock with a sell rating, eleven have assigned a hold rating and four have given a buy rating to the stock. The stock presently has an average rating of Hold and a consensus price target of $59.51.
Treehouse Foods (NYSE THS) opened at $43.66 on Thursday. Treehouse Foods has a 1-year low of $40.26 and a 1-year 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 company has a market cap of $2,498.01, a price-to-earnings ratio of 14.90, a price-to-earnings-growth ratio of 2.43 and a beta of 0.63.
Treehouse Foods (NYSE:THS) last issued its quarterly earnings data on Thursday, November 2nd. The company reported $0.67 EPS for the quarter, missing analysts’ consensus estimates 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 firm had revenue of $1.55 billion during the quarter, compared to analyst estimates of $1.52 billion. During the same quarter in the prior year, the firm earned $0.70 EPS. The business’s quarterly revenue was down 2.4% compared to the same quarter last year. equities analysts expect that Treehouse Foods will post 2.72 earnings per share for the current fiscal year.
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Treehouse Foods announced that its Board of Directors has authorized a share repurchase plan on Thursday, November 2nd that allows the company to buyback $400.00 million in shares. This buyback authorization allows the company to buy shares of its stock through open market purchases. Shares buyback plans are often an indication that the company’s leadership believes its shares are 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 shares were sold at an average price of $67.58, for a total transaction of $775,818.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Gary Dale Smith acquired 2,000 shares of the stock in a transaction that occurred on Tuesday, November 7th. The shares were acquired at an average cost of $42.64 per share, with a total value of $85,280.00. Following the transaction, the director now owns 271 shares in the company, valued at $11,555.44. The disclosure for this purchase can be found here. In the last ninety days, insiders have sold 34,440 shares of company stock valued at $2,027,712. Insiders own 3.50% of the company’s stock.
A number of institutional investors have recently bought and sold shares of THS. Teachers Advisors LLC boosted its stake in Treehouse Foods by 8.6% during the 1st quarter. Teachers Advisors LLC now owns 60,506 shares of the company’s stock valued at $5,122,000 after purchasing an additional 4,782 shares during the period. Morgan Stanley boosted its stake in Treehouse Foods by 18.9% during the 1st quarter. Morgan Stanley now owns 143,613 shares of the company’s stock valued at $12,158,000 after purchasing an additional 22,870 shares during the period. Renaissance Technologies LLC acquired a new position in Treehouse Foods during the 1st quarter valued at about $10,244,000. Public Employees Retirement System of Ohio boosted its stake in Treehouse Foods by 0.4% during the 1st quarter. Public Employees Retirement System of Ohio now owns 26,846 shares of the company’s stock valued at $2,273,000 after purchasing an additional 104 shares during the period. Finally, Capstone Asset Management Co. boosted its stake in Treehouse Foods by 4.2% during the 2nd quarter. Capstone Asset Management Co. now owns 7,766 shares of the company’s stock valued at $634,000 after purchasing an additional 310 shares during the period.
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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