Shares of TreeHouse Foods Inc. (NYSE:THS) have earned a consensus recommendation of “Buy” from the nine research firms that are currently covering the company. Three research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The average twelve-month price objective among brokers that have updated their coverage on the stock in the last year is $102.75.
Several research firms recently issued reports on THS. Zacks Investment Research upgraded TreeHouse Foods from a “hold” rating to a “strong-buy” rating and set a $119.00 price target on the stock in a research report on Monday, July 25th. Jefferies Group restated a “buy” rating on shares of TreeHouse Foods in a research report on Monday, August 1st. Susquehanna restated a “buy” rating and set a $109.00 price target on shares of TreeHouse Foods in a research report on Monday, June 27th. JPMorgan Chase & Co. set a $119.00 price target on TreeHouse Foods and gave the stock a “buy” rating in a research report on Friday, August 5th. Finally, BMO Capital Markets restated a “market perform” rating and set a $98.00 price target on shares of TreeHouse Foods in a research report on Friday, August 5th.
TreeHouse Foods (NYSE:THS) opened at 87.19 on Wednesday. The stock’s 50 day moving average price is $91.60 and its 200-day moving average price is $93.43. TreeHouse Foods has a 12 month low of $66.30 and a 12 month high of $104.53. The firm has a market capitalization of $4.95 billion, a price-to-earnings ratio of 55.54 and a beta of 0.20.
TreeHouse Foods (NYSE:THS) last announced its quarterly earnings data on Thursday, August 4th. The company reported $0.54 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $0.54. The company had revenue of $1.50 billion for the quarter, compared to analysts’ expectations of $1.58 billion. TreeHouse Foods had a return on equity of 6.18% and a net margin of 1.74%. TreeHouse Foods’s revenue for the quarter was up 103.0% compared to the same quarter last year. During the same period last year, the firm posted $0.66 EPS. Equities analysts anticipate that TreeHouse Foods will post $3.07 EPS for the current fiscal year.
In other news, VP Thomas Emmet Oneill III sold 6,000 shares of the firm’s stock in a transaction that occurred on Friday, August 19th. The stock was sold at an average price of $97.00, for a total value of $582,000.00. Following the completion of the transaction, the vice president now owns 145,138 shares in the company, valued at approximately $14,078,386. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 3.40% of the stock is owned by insiders.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Advisor Group Inc. bought a new position in shares of TreeHouse Foods during the second quarter worth about $187,000. DIAM Co. Ltd. bought a new position in shares of TreeHouse Foods during the second quarter worth about $195,000. Independence Advisors LLC bought a new position in shares of TreeHouse Foods during the second quarter worth about $205,000. Seven Eight Capital LLC boosted its position in shares of TreeHouse Foods by 5,833.3% in the second quarter. Seven Eight Capital LLC now owns 2,136 shares of the company’s stock worth $219,000 after buying an additional 2,100 shares during the last quarter. Finally, M&T Bank Corp bought a new position in shares of TreeHouse Foods during the second quarter worth about $222,000. Institutional investors own 84.69% of the company’s stock.
About TreeHouse Foods
TreeHouse Foods, Inc is a consumer packaged food and beverage manufacturing company. The Company’s segments include North American Retail Grocery, Food Away From Home, and Industrial and Export. It manufactures a range of shelf stable, refrigerated and fresh products. Its product categories include beverages, salad dressings, snacks, beverage enhancers, pickles, Mexican and other sauces, soup and infant feeding, cereals, dry dinners, aseptic products, jams and other products.
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