Other research analysts also recently issued research reports about the stock. Zacks Investment Research downgraded shares of Treehouse Foods from a hold rating to a sell rating in a report on Thursday, July 27th. Susquehanna Bancshares Inc reaffirmed a hold rating and issued a $75.00 price target on shares of Treehouse Foods in a report on Monday, October 9th. BMO Capital Markets reaffirmed a buy rating on shares of Treehouse Foods in a report on Tuesday, July 18th. UBS AG began coverage on shares of Treehouse Foods in a report on Wednesday, October 18th. They issued a neutral rating and a $70.00 price target for the company. Finally, BidaskClub downgraded shares of Treehouse Foods from a hold rating to a sell rating in a report on Thursday, August 24th. Two research analysts have rated the stock with a sell rating, twelve have issued a hold rating and four have issued a buy rating to the company. Treehouse Foods currently has an average rating of Hold and an average target price of $65.55.
Treehouse Foods (THS) opened at $42.16 on Friday. Treehouse Foods has a 1-year low of $40.26 and a 1-year high of $90.42. The company has a market cap of $2,412.19, a PE ratio of 14.39, a price-to-earnings-growth ratio of 1.49 and a beta of 0.63. The company has a current ratio of 2.16, a quick ratio of 0.81 and a debt-to-equity ratio of 1.01.
Treehouse Foods (NYSE:THS) last released its quarterly earnings data on Thursday, November 2nd. The company reported $0.67 EPS for the quarter, missing the 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 6.61%. The company had revenue of $1.55 billion for the quarter, compared to the consensus estimate of $1.52 billion. During the same period last year, the company earned $0.70 EPS. The firm’s revenue for the quarter was down 2.4% on a year-over-year basis. equities 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 authorized a share buyback program on Thursday, November 2nd that permits the company to repurchase $400.00 million in outstanding shares. This repurchase authorization permits the company to purchase shares of its stock through open market purchases. Shares repurchase programs are often a sign 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 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 document filed with the SEC, which can be accessed through the SEC website. Corporate insiders own 3.50% of the company’s stock.
Large investors have recently modified their holdings of the company. Citigroup Inc. increased its position in shares of 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 during the period. Creative Planning increased its position in shares of 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 during the period. Parallax Volatility Advisers L.P. increased its position in shares of 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 during the period. Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of 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 during the period. Finally, State of Alaska Department of Revenue increased its position in shares of 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 during the period.
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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