Zacks Investment Research upgraded shares of TreeHouse Foods (NYSE:THS) from a hold rating to a buy rating in a research report released on Tuesday. Zacks Investment Research currently has $54.00 price target on the stock.
According to Zacks, “TreeHouse Foods has outpaced the industry in the past six months, which can be attributable to its solid restructuring programs. To this end, the company is on track with its TreeHouse 2020 initiative, which is expected to contribute operating-margin growth of nearly 300 basis points. It is also progressing well with its Structure to Win plan, which helped improve SG&A costs in second-quarter 2018. However, both top and bottom lines fell year over year. SIF’s divestiture, soft volume/mix and SKU rationalization efforts hurt sales. These factors, along with freight and commodity inflation hurt margins and earnings. Also, all these hurdles are expected to persist in 2018. Nonetheless, TreeHouse Foods’ solid pricing is expected to offset freight and commodity headwinds. Also, its restructuring plans are likely to counter the operational shortcomings due to Pecatonica strike and the timing delay related to Canadian tariffs.”
A number of other research analysts have also weighed in on the company. Barclays reaffirmed a hold rating and set a $53.00 price objective on shares of TreeHouse Foods in a research report on Sunday, August 5th. ValuEngine raised TreeHouse Foods from a strong sell rating to a sell rating in a research report on Friday, August 3rd. Stifel Nicolaus raised their price objective on TreeHouse Foods from $48.00 to $50.00 and gave the company a hold rating in a research report on Friday, August 3rd. JPMorgan Chase & Co. raised TreeHouse Foods from an underweight rating to a neutral rating and set a $39.00 price objective for the company in a research report on Friday, August 3rd. Finally, Susquehanna Bancshares set a $40.00 price objective on TreeHouse Foods and gave the company a hold rating in a research report on Wednesday, May 9th. Two investment analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and four have assigned a buy rating to the company’s stock. TreeHouse Foods currently has an average rating of Hold and an average price target of $48.46.
TreeHouse Foods (NYSE:THS) last posted its quarterly earnings data on Thursday, August 2nd. The company reported $0.37 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.25 by $0.12. TreeHouse Foods had a positive return on equity of 5.54% and a negative net margin of 5.41%. The company had revenue of $1.46 billion during the quarter, compared to analyst estimates of $1.41 billion. During the same quarter last year, the company earned $0.51 EPS. The firm’s revenue for the quarter was down 4.4% on a year-over-year basis. equities research analysts forecast that TreeHouse Foods will post 2.16 earnings per share for the current fiscal year.
In other TreeHouse Foods news, SVP Erik Thomas Kahler sold 14,100 shares of TreeHouse Foods stock in a transaction on Tuesday, June 12th. The stock was sold at an average price of $50.82, for a total value of $716,562.00. Following the completion of the sale, the senior vice president now owns 41,125 shares of the company’s stock, valued at approximately $2,089,972.50. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Maurice Alkemade sold 884 shares of TreeHouse Foods stock in a transaction on Monday, June 18th. The stock was sold at an average price of $51.95, for a total value of $45,923.80. The disclosure for this sale can be found here. 3.60% of the stock is currently owned by company insiders.
Several institutional investors have recently bought and sold shares of the business. Huntington National Bank increased its holdings in shares of TreeHouse Foods by 50.0% in the 2nd quarter. Huntington National Bank now owns 3,000 shares of the company’s stock worth $158,000 after purchasing an additional 1,000 shares in the last quarter. PNC Financial Services Group Inc. grew its holdings in shares of TreeHouse Foods by 62.9% in the second quarter. PNC Financial Services Group Inc. now owns 3,901 shares of the company’s stock worth $204,000 after acquiring an additional 1,506 shares during the period. Mutual of America Capital Management LLC grew its holdings in shares of TreeHouse Foods by 3.7% in the second quarter. Mutual of America Capital Management LLC now owns 48,227 shares of the company’s stock worth $2,532,000 after acquiring an additional 1,743 shares during the period. Diversified Trust Co grew its holdings in shares of TreeHouse Foods by 22.7% in the first quarter. Diversified Trust Co now owns 10,445 shares of the company’s stock worth $400,000 after acquiring an additional 1,930 shares during the period. Finally, Swiss National Bank grew its holdings in shares of TreeHouse Foods by 2.3% in the first quarter. Swiss National Bank now owns 99,551 shares of the company’s stock worth $3,810,000 after acquiring an additional 2,200 shares during the period.
About TreeHouse Foods
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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