Treehouse Foods (THS) Coverage Initiated by Analysts at Wolfe Research

Wolfe Research began coverage on shares of Treehouse Foods (NYSE:THS) in a report released on Monday. The brokerage issued a market perform rating on the stock.

Several other research analysts have also recently issued reports on THS. Jefferies Group set a $100.00 target price on Treehouse Foods and gave the stock a buy rating in a research report on Sunday, October 29th. Vertical Group raised Treehouse Foods from a hold rating to a buy rating in a research report on Thursday, November 16th. TheStreet cut Treehouse Foods from a c- rating to a d+ rating in a research report on Friday, November 10th. Susquehanna Bancshares reissued a hold rating and issued a $75.00 target price on shares of Treehouse Foods in a research report on Monday, October 9th. Finally, J P Morgan Chase & Co raised their target price on Treehouse Foods from $38.00 to $39.00 and gave the stock an underweight rating in a research report on Wednesday, November 15th. Three research analysts have rated the stock with a sell rating, twelve have issued a hold rating and four have assigned a buy rating to the company. Treehouse Foods currently has an average rating of Hold and a consensus target price of $59.51.

Treehouse Foods (THS) traded up $0.01 during trading on Monday, hitting $46.08. The company had a trading volume of 1,361,000 shares, compared to its average volume of 790,161. The company has a debt-to-equity ratio of 1.01, a current ratio of 2.16 and a quick ratio of 0.81. Treehouse Foods has a 12 month low of $40.26 and a 12 month high of $90.42. The stock has a market capitalization of $2,635.90, a PE ratio of 15.72, a PEG ratio of 2.56 and a beta of 0.49.

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 business had revenue of $1.55 billion for the quarter, compared to analysts’ expectations of $1.52 billion. During the same period last year, the business earned $0.70 earnings per share. The company’s quarterly revenue was down 2.4% on a year-over-year basis. research analysts anticipate that Treehouse Foods will post 2.72 earnings per share for the current fiscal year.

Treehouse Foods declared that its board has approved a stock repurchase program on Thursday, November 2nd that authorizes the company to repurchase $400.00 million in outstanding shares. This repurchase authorization authorizes the company to buy shares of its stock through open market purchases. Shares repurchase programs are typically a sign that the company’s leadership believes its shares are undervalued.

In other news, CEO Sam K. Reed sold 11,480 shares of the firm’s stock in a transaction dated Thursday, September 7th. The stock was sold at an average price of $66.32, for a total value of $761,353.60. Following the transaction, the chief executive officer now owns 70,647 shares of the company’s stock, valued at $4,685,309.04. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Gary Dale Smith acquired 2,000 shares of the firm’s stock in a transaction dated Tuesday, November 7th. The stock was bought at an average cost of $42.64 per share, for a total transaction of $85,280.00. Following the purchase, the director now directly owns 271 shares of the company’s stock, valued at $11,555.44. The disclosure for this purchase can be found here. Insiders sold 34,440 shares of company stock worth $2,027,712 in the last ninety days. Corporate insiders own 3.50% of the company’s stock.

Hedge funds and other institutional investors have recently bought and sold shares of the company. Citigroup Inc. raised 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 buying an additional 703 shares during the period. Prudential Financial Inc. raised its stake in Treehouse Foods by 269.8% during the 2nd quarter. Prudential Financial Inc. now owns 141,658 shares of the company’s stock valued at $11,572,000 after purchasing an additional 103,350 shares during the period. Employees Retirement System of Texas raised its stake in Treehouse Foods by 161.1% during the 2nd quarter. Employees Retirement System of Texas now owns 47,000 shares of the company’s stock valued at $3,839,000 after purchasing an additional 29,000 shares during the period. Suntrust Banks Inc. raised its stake in Treehouse Foods by 12.9% during the 2nd quarter. Suntrust Banks Inc. now owns 6,302 shares of the company’s stock valued at $513,000 after purchasing an additional 722 shares during the period. Finally, Amica Mutual Insurance Co. bought a new stake in Treehouse Foods during the 3rd quarter valued at approximately $868,000.

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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.

Analyst Recommendations for Treehouse Foods (NYSE:THS)

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