Other equities research analysts also recently issued reports about the company. Jefferies Group reduced their price objective on TreeHouse Foods from $90.00 to $68.00 and set a buy rating for the company in a research note on Monday, November 6th. Citigroup reduced their price objective on TreeHouse Foods from $90.00 to $62.00 and set a buy rating for the company in a research note on Friday, November 3rd. BMO Capital Markets reissued a buy rating and issued a $85.00 price objective on shares of TreeHouse Foods in a research note on Thursday, November 2nd. Vertical Group raised TreeHouse Foods from a hold rating to a buy rating in a research note on Thursday, November 16th. Finally, Zacks Investment Research raised TreeHouse Foods from a hold rating to a buy rating and set a $53.00 price objective for the company in a research note on Wednesday, January 31st. Two equities research analysts have rated the stock with a sell rating, fourteen have issued a hold rating and four have issued a buy rating to the company’s stock. The stock currently has a consensus rating of Hold and an average target price of $53.51.
Shares of TreeHouse Foods (THS) traded up $0.80 during trading on Friday, reaching $38.28. The company had a trading volume of 3,722,448 shares, compared to its average volume of 1,144,042. The stock has a market cap of $2,190.19, a P/E ratio of -7.64, a P/E/G ratio of 2.63 and a beta of 0.42. The company has a debt-to-equity ratio of 1.12, a quick ratio of 0.81 and a current ratio of 2.48. TreeHouse Foods has a 1 year low of $36.35 and a 1 year high of $90.42.
TreeHouse Foods (NYSE:THS) last announced its quarterly earnings data on Thursday, February 15th. The company reported $1.02 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.93 by $0.09. The firm had revenue of $1.70 billion during the quarter, compared to the consensus estimate of $1.70 billion. TreeHouse Foods had a positive return on equity of 6.49% and a negative net margin of 4.54%. The business’s revenue for the quarter was down 4.3% on a year-over-year basis. During the same period in the prior year, the business earned $1.14 EPS. research analysts forecast that TreeHouse Foods will post 2.11 earnings per share for the current year.
TreeHouse Foods announced that its board has authorized a share buyback program on Thursday, November 2nd that permits the company to buyback $400.00 million in shares. This buyback authorization permits the company to repurchase shares of its stock through open market purchases. Shares buyback programs are generally a sign that the company’s board of directors believes its shares are undervalued.
In related news, CEO Sam K. Reed sold 11,480 shares of the firm’s stock in a transaction that occurred on Monday, January 8th. The stock was sold at an average price of $49.72, for a total value of $570,785.60. Following the transaction, the chief executive officer now directly owns 81,147 shares of the company’s stock, valued at approximately $4,034,628.84. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Thomas Emmet Oneill III sold 2,000 shares of the firm’s stock in a transaction that occurred on Tuesday, December 5th. The shares were sold at an average price of $45.32, for a total value of $90,640.00. Following the completion of the transaction, the vice president now directly owns 135,019 shares in the company, valued at $6,119,061.08. The disclosure for this sale can be found here. Insiders have sold a total of 36,440 shares of company stock valued at $1,680,850 over the last ninety days. Company insiders own 3.50% of the company’s stock.
Several hedge funds have recently modified their holdings of the stock. MetLife Investment Advisors LLC bought a new position in shares of TreeHouse Foods in the 4th quarter valued at approximately $1,790,000. Jane Street Group LLC bought a new position in shares of TreeHouse Foods in the 4th quarter valued at approximately $2,678,000. Millennium Management LLC bought a new position in shares of TreeHouse Foods in the 4th quarter valued at approximately $5,137,000. GCA Investment Management LLC bought a new position in shares of TreeHouse Foods in the 4th quarter valued at approximately $9,599,000. Finally, Flinton Capital Management LLC raised its stake in shares of TreeHouse Foods by 62.5% in the 4th quarter. Flinton Capital Management LLC now owns 4,992 shares of the company’s stock valued at $247,000 after acquiring an additional 1,920 shares in the last quarter.
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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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