TreeHouse Foods (NYSE:THS) Stock Rating Reaffirmed by Barclays

TreeHouse Foods (NYSE:THS)‘s stock had its “hold” rating reiterated by research analysts at Barclays in a report issued on Sunday, AnalystRatings.com reports.

THS has been the subject of several other reports. Peel Hunt reiterated a “buy” rating on shares of TreeHouse Foods in a research report on Tuesday, October 22nd. Stifel Nicolaus upgraded TreeHouse Foods from a “hold” rating to a “buy” rating and increased their target price for the company from $62.00 to $64.00 in a research report on Thursday, August 1st. Zacks Investment Research upgraded TreeHouse Foods from a “hold” rating to a “buy” rating and set a $62.00 target price for the company in a research report on Thursday, September 12th. ValuEngine downgraded TreeHouse Foods from a “hold” rating to a “sell” rating in a research report on Wednesday, October 2nd. Finally, BMO Capital Markets upgraded TreeHouse Foods from a “market perform” rating to an “outperform” rating and set a $54.54 target price for the company in a research report on Thursday, July 18th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and eight have issued a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average target price of $63.95.

Shares of THS stock traded up $0.15 on Friday, hitting $49.09. 1,141,820 shares of the company’s stock were exchanged, compared to its average volume of 548,871. The company has a debt-to-equity ratio of 1.24, a current ratio of 1.71 and a quick ratio of 0.71. TreeHouse Foods has a 12 month low of $44.60 and a 12 month high of $67.88. The stock has a market cap of $3.11 billion, a P/E ratio of 22.31, a price-to-earnings-growth ratio of 1.61 and a beta of 0.72. The company has a 50 day moving average of $54.17 and a 200 day moving average of $55.34.

TreeHouse Foods (NYSE:THS) last announced its quarterly earnings data on Thursday, November 7th. The company reported $0.55 earnings per share for the quarter, missing the consensus estimate of $0.58 by ($0.03). TreeHouse Foods had a positive return on equity of 5.73% and a negative net margin of 3.80%. The business had revenue of $1.06 billion for the quarter, compared to the consensus estimate of $1.08 billion. During the same quarter in the prior year, the company earned $0.57 earnings per share. TreeHouse Foods’s quarterly revenue was down 5.4% compared to the same quarter last year. Sell-side analysts predict that TreeHouse Foods will post 2.5 EPS for the current fiscal year.

In other news, VP Thomas Emmet Oneill III sold 6,850 shares of the stock in a transaction dated Wednesday, August 21st. The stock was sold at an average price of $50.21, for a total value of $343,938.50. Following the completion of the sale, the vice president now owns 121,183 shares of the company’s stock, valued at $6,084,598.43. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, SVP Lori G. Roberts sold 3,134 shares of the stock in a transaction dated Thursday, September 5th. The shares were sold at an average price of $54.28, for a total value of $170,113.52. Following the completion of the sale, the senior vice president now directly owns 3,038 shares of the company’s stock, valued at approximately $164,902.64. The disclosure for this sale can be found here. Insiders sold 10,885 shares of company stock valued at $560,580 over the last quarter. Corporate insiders own 1.50% of the company’s stock.

Several hedge funds have recently modified their holdings of the company. AMG National Trust Bank increased its stake in shares of TreeHouse Foods by 4.8% in the third quarter. AMG National Trust Bank now owns 6,460 shares of the company’s stock valued at $358,000 after buying an additional 295 shares during the period. Tower Research Capital LLC TRC lifted its holdings in shares of TreeHouse Foods by 43.2% in the third quarter. Tower Research Capital LLC TRC now owns 2,202 shares of the company’s stock valued at $122,000 after purchasing an additional 664 shares in the last quarter. Synovus Financial Corp bought a new position in shares of TreeHouse Foods in the third quarter valued at approximately $392,000. Wedge Capital Management L L P NC lifted its holdings in shares of TreeHouse Foods by 14.4% in the third quarter. Wedge Capital Management L L P NC now owns 634,136 shares of the company’s stock valued at $35,163,000 after purchasing an additional 79,798 shares in the last quarter. Finally, Russell Investments Group Ltd. lifted its holdings in shares of TreeHouse Foods by 7.4% in the third quarter. Russell Investments Group Ltd. now owns 1,862,598 shares of the company’s stock valued at $103,280,000 after purchasing an additional 128,949 shares in the last quarter.

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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Analyst Recommendations for TreeHouse Foods (NYSE:THS)

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