TreeHouse Foods (THS) Raised to Sell at ValuEngine

ValuEngine upgraded shares of TreeHouse Foods (NYSE:THS) from a strong sell rating to a sell rating in a research report sent to investors on Tuesday.

Other equities research analysts also recently issued reports about the company. SunTrust Banks increased their price target on TreeHouse Foods to $40.00 and gave the stock a hold rating in a research report on Monday, May 7th. Susquehanna Bancshares set a $39.00 price target on TreeHouse Foods and gave the stock a hold rating in a research report on Thursday, May 3rd. Credit Suisse Group increased their price target on TreeHouse Foods to $37.00 and gave the stock a neutral rating in a research report on Monday, May 7th. Finally, Zacks Investment Research raised TreeHouse Foods from a sell rating to a hold rating in a research report on Monday, May 7th. Three equities research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and four have issued a buy rating to the stock. TreeHouse Foods currently has an average rating of Hold and an average target price of $52.00.

NYSE THS opened at $53.18 on Tuesday. The company has a debt-to-equity ratio of 1.14, a quick ratio of 0.90 and a current ratio of 2.33. TreeHouse Foods has a 1 year low of $36.35 and a 1 year high of $85.99. The firm has a market capitalization of $3.03 billion, a P/E ratio of 18.93, a PEG ratio of 5.21 and a beta of 0.58.

TreeHouse Foods (NYSE:THS) last announced its quarterly earnings results on Thursday, May 3rd. The company reported $0.18 earnings per share for the quarter, topping the consensus estimate of $0.13 by $0.05. The company had revenue of $1.48 billion for the quarter, compared to the consensus estimate of $1.44 billion. TreeHouse Foods had a positive return on equity of 5.67% and a negative net margin of 5.57%. The firm’s revenue for the quarter was down 3.6% compared to the same quarter last year. During the same period last year, the firm earned $0.61 EPS. analysts expect that TreeHouse Foods will post 2.09 earnings per share for the current fiscal year.

In other news, Director David B. Vermylen sold 51,600 shares of the stock in a transaction dated Monday, May 7th. The shares were sold at an average price of $43.86, for a total transaction of $2,263,176.00. Following the sale, the director now directly owns 82,190 shares of the company’s stock, valued at approximately $3,604,853.40. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Maurice Alkemade sold 884 shares of the stock in a transaction dated Monday, June 18th. The stock was sold at an average price of $51.95, for a total transaction of $45,923.80. The disclosure for this sale can be found here. Over the last three months, insiders have sold 78,064 shares of company stock worth $3,470,627. Corporate insiders own 3.60% of the company’s stock.

Several hedge funds have recently bought and sold shares of the company. Dynamic Technology Lab Private Ltd purchased a new stake in shares of TreeHouse Foods during the 1st quarter worth about $1,158,000. Diversified Trust Co lifted its stake in TreeHouse Foods by 22.7% in the 1st quarter. Diversified Trust Co now owns 10,445 shares of the company’s stock valued at $400,000 after buying an additional 1,930 shares in the last quarter. Massmutual Trust Co. FSB ADV lifted its stake in TreeHouse Foods by 150.2% in the 1st quarter. Massmutual Trust Co. FSB ADV now owns 6,737 shares of the company’s stock valued at $258,000 after buying an additional 4,044 shares in the last quarter. Levin Capital Strategies L.P. lifted its stake in TreeHouse Foods by 13.6% in the 1st quarter. Levin Capital Strategies L.P. now owns 4,079,486 shares of the company’s stock valued at $156,122,000 after buying an additional 487,270 shares in the last quarter. Finally, Xact Kapitalforvaltning AB lifted its stake in TreeHouse Foods by 54.5% in the 1st quarter. Xact Kapitalforvaltning AB now owns 8,509 shares of the company’s stock valued at $326,000 after buying an additional 3,000 shares in the last quarter.

TreeHouse Foods Company Profile

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.

To view ValuEngine’s full report, visit ValuEngine’s official website.

Analyst Recommendations for TreeHouse Foods (NYSE:THS)

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