Shares of TreeHouse Foods Inc. (NYSE:THS) have been assigned an average recommendation of “Hold” from the twenty-one ratings firms that are currently covering the stock, MarketBeat Ratings reports. Three research analysts have rated the stock with a sell recommendation, thirteen have issued a hold recommendation and four have given a buy recommendation to the company. The average 12-month price target among brokers that have issued ratings on the stock in the last year is $49.75.
A number of research firms recently commented on THS. Stifel Nicolaus decreased their price objective on shares of TreeHouse Foods from $44.00 to $40.00 and set a “hold” rating on the stock in a report on Friday, February 16th. Jefferies Group reissued a “buy” rating and set a $68.00 price objective on shares of TreeHouse Foods in a report on Thursday, February 15th. SunTrust Banks reissued a “hold” rating and set a $35.00 price objective on shares of TreeHouse Foods in a report on Friday, February 16th. Credit Suisse Group set a $38.00 price objective on shares of TreeHouse Foods and gave the stock a “hold” rating in a report on Saturday, February 17th. Finally, JPMorgan Chase set a $39.00 price objective on shares of TreeHouse Foods and gave the stock a “sell” rating in a report on Wednesday, December 13th.
Shares of TreeHouse Foods stock traded down $0.58 on Wednesday, reaching $37.69. 569,969 shares of the stock were exchanged, compared to its average volume of 903,737. TreeHouse Foods has a 1-year low of $36.35 and a 1-year high of $90.42. The company has a quick ratio of 0.94, a current ratio of 2.48 and a debt-to-equity ratio of 1.12. The firm has a market cap of $2,161.36, a price-to-earnings ratio of 13.47, a price-to-earnings-growth ratio of 3.73 and a beta of 0.52.
TreeHouse Foods (NYSE:THS) last released its quarterly earnings data on Thursday, February 15th. The company reported $1.02 EPS for the quarter, topping analysts’ consensus estimates of $0.93 by $0.09. The firm had revenue of $1.70 billion for the quarter, compared to the consensus estimate of $1.70 billion. TreeHouse Foods had a negative net margin of 4.54% and a positive return on equity of 6.49%. The firm’s revenue was down 4.3% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.14 earnings per share. equities research analysts anticipate that TreeHouse Foods will post 2.08 EPS for the current year.
In other TreeHouse Foods news, CEO Sam K. Reed sold 11,480 shares of the company’s stock in a transaction dated Wednesday, February 7th. The shares were sold at an average price of $42.44, for a total value of $487,211.20. Following the sale, the chief executive officer now owns 81,147 shares of the company’s stock, valued at $3,443,878.68. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Thomas Emmet Oneill III sold 36,100 shares of the company’s stock in a transaction dated Tuesday, March 6th. The shares were sold at an average price of $42.02, for a total transaction of $1,516,922.00. Following the completion of the sale, the vice president now directly owns 168,479 shares in the company, valued at approximately $7,079,487.58. The disclosure for this sale can be found here. Insiders sold 70,540 shares of company stock worth $3,050,650 in the last ninety days. Insiders own 3.60% of the company’s stock.
Several hedge funds and other institutional investors have recently made changes to their positions in the business. Xact Kapitalforvaltning AB purchased a new stake in shares of TreeHouse Foods in the fourth quarter valued at about $272,000. MetLife Investment Advisors LLC purchased a new position in shares of TreeHouse Foods during the fourth quarter valued at approximately $1,790,000. Jane Street Group LLC purchased a new position in shares of TreeHouse Foods during the fourth quarter valued at approximately $2,678,000. Millennium Management LLC purchased a new position in shares of TreeHouse Foods during the fourth quarter valued at approximately $5,137,000. Finally, GCA Investment Management LLC purchased a new position in shares of TreeHouse Foods during the fourth quarter valued at approximately $9,599,000.
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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.
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