TreeHouse Foods (NYSE:THS) Lifted to “Outperform” at William Blair

William Blair upgraded shares of TreeHouse Foods (NYSE:THS) from a market perform rating to an outperform rating in a research note issued to investors on Monday, BenzingaRatingsTable reports.

Other research analysts have also issued research reports about the stock. ValuEngine raised shares of TreeHouse Foods from a sell rating to a hold rating in a research note on Friday, November 15th. Zacks Investment Research upgraded shares of TreeHouse Foods from a hold rating to a buy rating and set a $62.00 price target for the company in a research report on Thursday, September 12th. Finally, Barclays reissued a hold rating on shares of TreeHouse Foods in a research note on Sunday, November 10th. Four investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. The company has a consensus rating of Buy and a consensus price target of $63.95.

NYSE:THS traded up $0.73 on Monday, reaching $51.58. The company’s stock had a trading volume of 17,048 shares, compared to its average volume of 549,159. TreeHouse Foods has a 12-month low of $44.60 and a 12-month high of $67.88. The stock has a 50 day moving average price of $51.58 and a 200 day moving average price of $53.85. The firm has a market cap of $2.75 billion, a price-to-earnings ratio of 23.46, a price-to-earnings-growth ratio of 2.08 and a beta of 0.70. The company has a quick ratio of 0.67, a current ratio of 1.49 and a debt-to-equity ratio of 1.29.

TreeHouse Foods (NYSE:THS) last released its quarterly earnings results on Thursday, November 7th. The company reported $0.55 earnings per share for the quarter, missing analysts’ consensus estimates of $0.58 by ($0.03). The business had revenue of $1.06 billion for the quarter, compared to analysts’ expectations of $1.08 billion. TreeHouse Foods had a positive return on equity of 5.80% and a negative net margin of 7.65%. The business’s revenue for the quarter was down 5.4% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.57 earnings per share. Equities research analysts expect that TreeHouse Foods will post 2.38 EPS for the current fiscal year.

In related news, CAO Thomas Emmet Oneill III sold 6,400 shares of the business’s stock in a transaction on Wednesday, November 27th. The stock was sold at an average price of $49.11, for a total value of $314,304.00. Following the sale, the chief accounting officer now owns 109,076 shares in the company, valued at approximately $5,356,722.36. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders own 1.50% of the company’s stock.

Hedge funds and other institutional investors have recently bought and sold shares of the company. Psagot Investment House Ltd. acquired a new position in shares of TreeHouse Foods in the third quarter worth $94,000. Point72 Hong Kong Ltd purchased a new stake in TreeHouse Foods during the 2nd quarter worth about $105,000. Tower Research Capital LLC TRC raised its position in TreeHouse Foods by 43.2% in the 3rd quarter. Tower Research Capital LLC TRC now owns 2,202 shares of the company’s stock valued at $122,000 after purchasing an additional 664 shares in the last quarter. KBC Group NV acquired a new stake in TreeHouse Foods in the 2nd quarter valued at about $166,000. Finally, MAI Capital Management boosted its stake in shares of TreeHouse Foods by 12.3% in the 3rd quarter. MAI Capital Management now owns 4,455 shares of the company’s stock valued at $247,000 after buying an additional 488 shares during the period.

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.

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