TreeHouse Foods (NYSE:THS) Upgraded at Stifel Nicolaus

Stifel Nicolaus upgraded shares of TreeHouse Foods (NYSE:THS) from a hold rating to a buy rating in a report issued on Thursday morning, BenzingaRatingsTable reports. Stifel Nicolaus currently has $64.00 target price on the stock, up from their previous target price of $62.00.

THS has been the subject of a number of other research reports. Zacks Investment Research upgraded shares of TreeHouse Foods from a sell rating to a hold rating and set a $63.00 price target for the company in a research note on Thursday. Wells Fargo & Co upgraded shares of TreeHouse Foods from a market perform rating to an outperform rating and increased their price target for the company from $60.00 to $80.00 in a research note on Monday, April 29th. ValuEngine cut shares of TreeHouse Foods from a buy rating to a hold rating in a research note on Tuesday, May 7th. Finally, BMO Capital Markets raised shares of TreeHouse Foods from a market perform rating to an outperform rating and set a $54.54 price objective on the stock in a research report on Thursday, July 18th. Seven equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of Hold and a consensus price target of $60.21.

THS stock traded up $0.27 during trading hours on Thursday, reaching $57.07. The stock had a trading volume of 901,346 shares, compared to its average volume of 551,428. The company has a market capitalization of $3.19 billion, a PE ratio of 25.94, a PEG ratio of 2.45 and a beta of 0.73. The company has a quick ratio of 0.62, a current ratio of 1.71 and a debt-to-equity ratio of 1.24. The company’s 50-day moving average is $56.15. TreeHouse Foods has a fifty-two week low of $41.18 and a fifty-two week high of $67.88.

TreeHouse Foods (NYSE:THS) last announced its quarterly earnings results on Thursday, August 1st. The company reported $0.36 EPS for the quarter, beating analysts’ consensus estimates of $0.29 by $0.07. The firm had revenue of $1.25 billion during the quarter, compared to analysts’ expectations of $1.30 billion. TreeHouse Foods had a negative net margin of 3.80% and a positive return on equity of 5.73%. The company’s revenue for the quarter was down 14.1% compared to the same quarter last year. During the same quarter last year, the company posted $0.37 earnings per share. As a group, sell-side analysts predict that TreeHouse Foods will post 2.39 earnings per share for the current fiscal year.

In other news, COO Clifford Braun sold 2,103 shares of the stock in a transaction dated Wednesday, May 15th. The shares were sold at an average price of $57.77, for a total value of $121,490.31. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, SVP Christopher Wilkins sold 1,888 shares of the stock in a transaction dated Tuesday, May 14th. The shares were sold at an average price of $58.25, for a total transaction of $109,976.00. The disclosure for this sale can be found here. Insiders sold 17,398 shares of company stock worth $982,472 over the last three months. Insiders own 1.50% of the company’s stock.

A number of large investors have recently added to or reduced their stakes in the stock. BlackRock Inc. increased its position in TreeHouse Foods by 0.9% during the first quarter. BlackRock Inc. now owns 4,908,358 shares of the company’s stock worth $316,834,000 after acquiring an additional 43,777 shares during the period. Norges Bank bought a new position in TreeHouse Foods during the fourth quarter worth about $46,657,000. Wells Fargo & Company MN increased its position in TreeHouse Foods by 591.6% during the first quarter. Wells Fargo & Company MN now owns 704,753 shares of the company’s stock worth $45,492,000 after acquiring an additional 848,113 shares during the period. Geode Capital Management LLC increased its position in TreeHouse Foods by 3.8% during the fourth quarter. Geode Capital Management LLC now owns 544,375 shares of the company’s stock worth $27,605,000 after acquiring an additional 20,018 shares during the period. Finally, Parametric Portfolio Associates LLC increased its position in TreeHouse Foods by 4.8% during the first quarter. Parametric Portfolio Associates LLC now owns 356,136 shares of the company’s stock worth $22,989,000 after acquiring an additional 16,389 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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Analyst Recommendations for TreeHouse Foods (NYSE:THS)

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