TreeHouse Foods Inc. (NYSE:THS)’s share price traded up 3.3% during mid-day trading on Wednesday after BMO Capital Markets raised their price target on the stock to $50.00. BMO Capital Markets currently has a market perform rating on the stock. TreeHouse Foods traded as high as $53.26 and last traded at $53.43. 72,243 shares traded hands during trading, a decline of 91% from the average session volume of 794,563 shares. The stock had previously closed at $51.71.
Other equities research analysts also recently issued research reports about the stock. Credit Suisse Group set a $50.00 price target on shares of TreeHouse Foods and gave the stock a “hold” rating in a research note on Wednesday. Citigroup reiterated a “buy” rating and set a $60.00 price target on shares of TreeHouse Foods in a research note on Wednesday. SunTrust Banks lifted their price target on shares of TreeHouse Foods to $50.00 and gave the stock a “hold” rating in a research note on Wednesday. Susquehanna Bancshares lifted their price target on shares of TreeHouse Foods from $45.00 to $46.00 and gave the stock a “neutral” rating in a research note on Thursday, September 20th. Finally, ValuEngine upgraded shares of TreeHouse Foods from a “sell” rating to a “hold” rating in a research note on Thursday, September 13th. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and three have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of $50.58.
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 value of $191,376.00. Following the sale, the vice president now owns 131,720 shares in the company, valued at approximately $6,322,560. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 3.60% of the stock is currently owned by insiders.
Several large investors have recently modified their holdings of the company. Vanguard Group Inc. boosted its stake in shares of TreeHouse Foods by 1.4% in the 3rd quarter. Vanguard Group Inc. now owns 5,055,279 shares of the company’s stock valued at $241,896,000 after purchasing an additional 71,124 shares in the last quarter. Morgan Stanley raised its holdings in shares of TreeHouse Foods by 45.8% in the third quarter. Morgan Stanley now owns 98,849 shares of the company’s stock valued at $4,731,000 after buying an additional 31,047 shares during the last quarter. Verition Fund Management LLC bought a new position in shares of TreeHouse Foods in the third quarter valued at about $221,000. Man Group plc raised its holdings in shares of TreeHouse Foods by 74.7% in the third quarter. Man Group plc now owns 33,830 shares of the company’s stock valued at $1,618,000 after buying an additional 14,462 shares during the last quarter. Finally, BlueMountain Capital Management LLC bought a new position in shares of TreeHouse Foods in the third quarter valued at about $986,000.
The company has a quick ratio of 0.59, a current ratio of 1.90 and a debt-to-equity ratio of 1.07. The firm has a market cap of $2.81 billion, a PE ratio of 18.90, a PEG ratio of 4.30 and a beta of 0.46.
TreeHouse Foods (NYSE:THS) last released its quarterly earnings results on Thursday, November 1st. The company reported $0.62 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.55 by $0.07. TreeHouse Foods had a positive return on equity of 5.61% and a negative net margin of 5.93%. The business had revenue of $1.39 billion during the quarter, compared to analysts’ expectations of $1.42 billion. During the same period in the previous year, the business posted $0.67 earnings per share. The firm’s revenue for the quarter was down 10.0% compared to the same quarter last year. Equities analysts predict that TreeHouse Foods Inc. will post 2.12 EPS for the current fiscal year.
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About TreeHouse Foods (NYSE:THS)
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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