Shares of TreeHouse Foods Inc. (NYSE:THS) have been assigned an average rating of “Hold” from the twelve research firms that are currently covering the firm, MarketBeat reports. One research analyst has rated the stock with a sell recommendation, eight have given a hold recommendation and three have given a buy recommendation to the company. The average 1-year target price among analysts that have covered the stock in the last year is $48.30.
Several equities research analysts recently weighed in on the stock. ValuEngine upgraded shares of TreeHouse Foods from a “hold” rating to a “buy” rating in a research report on Wednesday, November 21st. Zacks Investment Research reiterated a “sell” rating on shares of TreeHouse Foods in a research report on Friday, November 16th. Susquehanna Bancshares boosted their price objective on shares of TreeHouse Foods from $45.00 to $46.00 and gave the company a “neutral” rating in a research report on Thursday, September 20th. UBS Group set a $47.00 price objective on shares of TreeHouse Foods and gave the company a “hold” rating in a research report on Friday, November 2nd. Finally, Citigroup cut their price objective on shares of TreeHouse Foods from $58.00 to $55.00 and set a “buy” rating on the stock in a research report on Friday, November 2nd.
In other news, VP Thomas Emmet Oneill III sold 3,987 shares of the business’s stock in a transaction on Wednesday, November 7th. The shares were sold at an average price of $48.00, for a total transaction of $191,376.00. Following the completion of the sale, the vice president now directly owns 131,720 shares of the company’s stock, valued at $6,322,560. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 3.60% of the stock is currently owned by insiders.
Large investors have recently added to or reduced their stakes in the stock. Contravisory Investment Management Inc. purchased a new stake in TreeHouse Foods in the third quarter worth about $123,000. Point72 Hong Kong Ltd lifted its stake in TreeHouse Foods by 2,073.5% in the second quarter. Point72 Hong Kong Ltd now owns 2,869 shares of the company’s stock worth $151,000 after acquiring an additional 2,737 shares during the period. PNC Financial Services Group Inc. lifted its stake in TreeHouse Foods by 62.9% in the second quarter. PNC Financial Services Group Inc. now owns 3,901 shares of the company’s stock worth $204,000 after acquiring an additional 1,506 shares during the period. Brown Advisory Inc. purchased a new stake in TreeHouse Foods in the second quarter worth about $216,000. Finally, Paloma Partners Management Co purchased a new stake in TreeHouse Foods in the third quarter worth about $206,000.
THS traded down $0.21 during trading hours on Monday, hitting $49.81. The company’s stock had a trading volume of 32,557 shares, compared to its average volume of 719,597. TreeHouse Foods has a 12 month low of $36.35 and a 12 month high of $55.60. The stock has a market capitalization of $2.80 billion, a PE ratio of 17.69, a P/E/G ratio of 4.29 and a beta of 0.46. The company has a debt-to-equity ratio of 1.07, a quick ratio of 0.59 and a current ratio of 1.90.
TreeHouse Foods (NYSE:THS) last announced its quarterly earnings results on Thursday, November 1st. The company reported $0.62 earnings per share for the quarter, topping the consensus estimate of $0.55 by $0.07. TreeHouse Foods had a negative net margin of 5.93% and a positive return on equity of 5.61%. The company had revenue of $1.39 billion for the quarter, compared to analysts’ expectations of $1.42 billion. During the same quarter in the previous year, the business posted $0.67 earnings per share. TreeHouse Foods’s quarterly revenue was down 10.0% on a year-over-year basis. As a group, research analysts forecast that TreeHouse Foods will post 2.12 earnings per share for the current year.
About TreeHouse Foods
TreeHouse Foods, Inc operates as a food and beverage manufacturer in the United States, Canada, and Italy. The company operates through Baked Goods, Beverages, Condiments, Meals, and Snacks segments. The Baked Goods segment offers candies, cookies, crackers, in-store bakery products, pita chips, pretzels, refrigerated dough, retail griddle waffles, pancakes, and French toasts.
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