Several other brokerages have also recently issued reports on THS. Stifel Nicolaus cut shares of Treehouse Foods from a buy rating to a hold rating and decreased their price target for the company from $84.00 to $44.00 in a research report on Thursday. Stephens cut shares of Treehouse Foods from an overweight rating to an equal weight rating in a research report on Thursday. Zacks Investment Research cut shares of Treehouse Foods from a hold rating to a sell rating in a research report on Thursday, July 27th. Vertical Research cut shares of Treehouse Foods from a buy rating to a hold rating in a research report on Friday, August 4th. Finally, BidaskClub cut shares of Treehouse Foods from a hold rating to a sell rating in a research report on Thursday, August 24th. Two investment analysts have rated the stock with a sell rating, twelve have issued a hold rating and four have given a buy rating to the company. Treehouse Foods currently has a consensus rating of Hold and a consensus target price of $65.55.
Shares of Treehouse Foods (THS) traded down $24.20 during midday trading on Friday, reaching $42.16. 3,912,234 shares of the company’s stock traded hands, compared to its average volume of 1,232,974. The company has a debt-to-equity ratio of 1.01, a quick ratio of 0.81 and a current ratio of 2.08. Treehouse Foods has a 1 year low of $40.26 and a 1 year high of $90.42. The firm has a market cap of $2,412.18, a PE ratio of 14.39, a P/E/G ratio of 1.49 and a beta of 0.63.
Treehouse Foods (NYSE:THS) last announced its quarterly earnings results on Thursday, November 2nd. The company reported $0.67 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.78 by ($0.11). Treehouse Foods had a negative net margin of 4.06% and a positive return on equity of 6.65%. The business had revenue of $1.55 billion during the quarter, compared to analyst estimates of $1.52 billion. During the same quarter last year, the company posted $0.70 earnings per share. The company’s revenue was down 2.4% compared to the same quarter last year. analysts expect that Treehouse Foods will post 3.15 EPS for the current year.
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Treehouse Foods declared that its Board of Directors has initiated a stock 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 purchase shares of its stock through open market purchases. Shares buyback programs are typically 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 stock in a transaction on Thursday, September 7th. The shares were sold at an average price of $66.32, for a total transaction of $761,353.60. Following the transaction, the chief executive officer now directly owns 70,647 shares of the company’s stock, valued at $4,685,309.04. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 3.50% of the stock is owned by corporate insiders.
Hedge funds and other institutional investors have recently modified their holdings of the stock. Citigroup Inc. boosted its stake in Treehouse Foods by 120.6% during 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 boosted its stake in Treehouse Foods by 28.8% during 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. boosted its stake in Treehouse Foods by 30.9% during 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 boosted its stake in Treehouse Foods by 11.2% during 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 boosted its stake in Treehouse Foods by 6.7% during 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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