Treehouse Foods’ (THS) Buy Rating Reiterated at BMO Capital Markets

BMO Capital Markets reaffirmed their buy rating on shares of Treehouse Foods, Inc. (NYSE:THS) in a research report report published on Tuesday, July 18th.

THS has been the topic of several other research reports. Zacks Investment Research raised Treehouse Foods from a sell rating to a hold rating in a report on Tuesday, July 4th. J P Morgan Chase & Co reaffirmed an overweight rating and issued a $95.00 price target on shares of Treehouse Foods in a report on Monday, April 3rd. Stephens raised Treehouse Foods from an equal weight rating to an overweight rating and set a $90.00 price target on the stock in a report on Monday, May 15th. Jefferies Group LLC reaffirmed a buy rating and issued a $100.00 price target on shares of Treehouse Foods in a report on Monday, May 15th. Finally, Wedbush cut Treehouse Foods from an outperform rating to a neutral rating in a report on Friday, May 5th. Two equities research analysts have rated the stock with a sell rating, nine have given a hold rating and five have assigned a buy rating to the company’s stock. The stock currently has an average rating of Hold and a consensus target price of $86.40.

Treehouse Foods (NYSE THS) traded up 0.43% on Tuesday, reaching $74.48. The company’s stock had a trading volume of 2,752,029 shares. The stock’s 50 day moving average price is $81.93 and its 200 day moving average price is $81.83. The firm’s market cap is $4.24 billion. Treehouse Foods has a 52-week low of $62.64 and a 52-week high of $101.80.

Treehouse Foods (NYSE:THS) last released its quarterly earnings results on Thursday, August 3rd. The company reported $0.51 earnings per share for the quarter, beating the consensus estimate of $0.49 by $0.02. Treehouse Foods had a positive return on equity of 6.50% and a negative net margin of 3.12%. The firm had revenue of $1.52 billion for the quarter, compared to analysts’ expectations of $1.54 billion. During the same quarter last year, the firm posted $0.54 EPS. The company’s revenue was down 1.2% compared to the same quarter last year. Equities research analysts expect that Treehouse Foods will post $3.47 earnings per share for the current fiscal year.

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In related news, CAO Thomas Emmet Oneill III sold 14,430 shares of the firm’s stock in a transaction that occurred on Monday, May 15th. The stock was sold at an average price of $76.50, for a total transaction of $1,103,895.00. Following the transaction, the chief accounting officer now directly owns 130,708 shares in the company, valued at approximately $9,999,162. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, SVP Erik Thomas Kahler sold 5,700 shares of the firm’s stock in a transaction that occurred on Thursday, June 15th. The stock was sold at an average price of $79.34, for a total value of $452,238.00. Following the transaction, the senior vice president now owns 28,857 shares in the company, valued at $2,289,514.38. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 28,330 shares of company stock worth $2,183,843. 3.50% of the stock is owned by corporate insiders.

A number of institutional investors have recently bought and sold shares of THS. Cambridge Investment Research Advisors Inc. raised its position in Treehouse Foods by 0.4% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 6,927 shares of the company’s stock valued at $586,000 after buying an additional 28 shares during the last quarter. Diversified Trust Co raised its position in Treehouse Foods by 0.6% in the second quarter. Diversified Trust Co now owns 8,055 shares of the company’s stock valued at $658,000 after buying an additional 50 shares during the last quarter. World Asset Management Inc raised its position in Treehouse Foods by 2.3% in the second quarter. World Asset Management Inc now owns 3,730 shares of the company’s stock valued at $305,000 after buying an additional 85 shares during the last quarter. State of Alaska Department of Revenue raised its position in Treehouse Foods by 4.7% in the first quarter. State of Alaska Department of Revenue now owns 2,118 shares of the company’s stock valued at $179,000 after buying an additional 96 shares during the last quarter. Finally, Public Employees Retirement System of Ohio raised its position in Treehouse Foods by 0.4% in the first quarter. Public Employees Retirement System of Ohio now owns 26,846 shares of the company’s stock valued at $2,273,000 after buying an additional 104 shares during the last quarter.

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.

Analyst Recommendations for Treehouse Foods (NYSE:THS)

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