TreeHouse Foods (NYSE:THS) Upgraded to Buy at Zacks Investment Research

Zacks Investment Research upgraded shares of TreeHouse Foods (NYSE:THS) from a hold rating to a buy rating in a research note issued to investors on Thursday, Zacks.com reports. They currently have $62.00 price objective on the stock.

According to Zacks, “TreeHouse Foods has lagged the industry in the past six months. The company has been seeing soft sales for a while now, which continued in second-quarter 2019. During the quarter, earnings beat the Zacks Consensus Estimate – while sales lagged the same and fell year over year for the ninth straight time.  TreeHouse Foods is grappling with weakness in Baked Goods and Meals Solutions units. Soft sales in these units are likely to linger and hurt third-quarter show. Nonetheless, TreeHouse Foods’ focus on its strategy for 2020 bodes well. Additionally, the company is on track with its Structure to Win program, which is aimed at cutting costs. This apart, we commend its focus on refining portfolio through buyouts and innovation. Evidently, the company sold its Snacks unit and is on track to sell of its ready-to-eat cereal business.”

THS has been the topic of several other reports. Stifel Nicolaus raised TreeHouse Foods from a hold rating to a buy rating and boosted their target price for the stock from $62.00 to $64.00 in a report on Thursday, August 1st. BMO Capital Markets upgraded shares of TreeHouse Foods from a market perform rating to an outperform rating and set a $54.54 price objective for the company in a research report on Thursday, July 18th. Five investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. TreeHouse Foods currently has a consensus rating of Buy and an average price target of $60.78.



Shares of THS traded up $0.17 on Thursday, hitting $58.34. The company’s stock had a trading volume of 19,242 shares, compared to its average volume of 470,146. The company has a market capitalization of $3.27 billion, a PE ratio of 26.52, a PEG ratio of 1.72 and a beta of 0.73. The company has a debt-to-equity ratio of 1.24, a current ratio of 1.71 and a quick ratio of 0.71. TreeHouse Foods has a fifty-two week low of $41.18 and a fifty-two week high of $67.88. The company has a 50 day moving average price of $53.67 and a 200 day moving average price of $57.36.

TreeHouse Foods (NYSE:THS) last announced its earnings results on Thursday, August 1st. The company reported $0.36 EPS for the quarter, topping the consensus estimate of $0.29 by $0.07. The business had revenue of $1.25 billion for the quarter, compared to the consensus estimate of $1.30 billion. TreeHouse Foods had a positive return on equity of 5.73% and a negative net margin of 3.80%. TreeHouse Foods’s revenue was down 14.1% compared to the same quarter last year. During the same period in the previous year, the business earned $0.37 EPS. On average, equities analysts forecast that TreeHouse Foods will post 2.46 EPS for the current year.

In other TreeHouse Foods news, SVP Lori G. Roberts sold 3,134 shares of the company’s stock in a transaction on Thursday, September 5th. The shares were sold at an average price of $54.28, for a total transaction of $170,113.52. Following the completion of the sale, the senior vice president now owns 3,038 shares in the company, valued at approximately $164,902.64. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Thomas Emmet Oneill III sold 6,850 shares of the company’s stock in a transaction on Wednesday, August 21st. The shares were sold at an average price of $50.21, for a total transaction of $343,938.50. Following the sale, the vice president now owns 121,183 shares of the company’s stock, valued at approximately $6,084,598.43. The disclosure for this sale can be found here. Insiders sold a total of 14,606 shares of company stock valued at $760,211 in the last 90 days. 1.50% of the stock is currently owned by corporate insiders.

Institutional investors have recently modified their holdings of the business. Machina Capital S.A.S. bought a new stake in shares of TreeHouse Foods during the 2nd quarter valued at $100,000. Point72 Hong Kong Ltd bought a new stake in shares of TreeHouse Foods during the 2nd quarter valued at $105,000. O Shaughnessy Asset Management LLC bought a new stake in shares of TreeHouse Foods during the 1st quarter valued at $115,000. BNP Paribas Arbitrage SA raised its position in shares of TreeHouse Foods by 82.6% during the 1st quarter. BNP Paribas Arbitrage SA now owns 2,443 shares of the company’s stock valued at $158,000 after acquiring an additional 1,105 shares during the last quarter. Finally, KBC Group NV bought a new stake in shares of TreeHouse Foods during the 2nd quarter valued at $166,000.

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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