TreeHouse Foods (THS) Stock Rating Upgraded by Zacks Investment Research

TreeHouse Foods (NYSE:THS) was upgraded by Zacks Investment Research from a “strong sell” rating to a “hold” rating in a research report issued on Tuesday.

According to Zacks, “TreeHouse Foods, which has lagged the industry in a year, has been bearing the brunt of pricing pressure stemming from stiff competition in the grocery industry. This, along with commodity cost inflation and rising freight costs has been marring TreeHouse Foods’ DOI margin for a while now. This was reflected in fourth-quarter 2017 results, which marked the company’s third straight quarter of year-over-year earnings and sales decline. Nonetheless, the company remains on track with TreeHouse 2020 plan that aims to boost operating margin by 300 bps by the end of 2020, through complete business integration and cost reduction. Also, TreeHouse completed a review of its SG&A and related costs and expects 2018 savings of roughly $30 million. Moreover, the company has been undertaking acquisitions to augment its portfolio, alongside of enhanced focus on organic food offerings.”

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Other research analysts have also issued reports about the company. Stifel Nicolaus reduced their price target on TreeHouse Foods from $44.00 to $40.00 and set a “hold” rating on the stock in a research report on Friday, February 16th. Jefferies Group restated a “buy” rating and issued a $68.00 price target on shares of TreeHouse Foods in a research report on Thursday, February 15th. SunTrust Banks restated a “hold” rating and issued a $35.00 price target on shares of TreeHouse Foods in a research report on Friday, February 16th. ValuEngine lowered TreeHouse Foods from a “hold” rating to a “sell” rating in a research report on Monday, April 2nd. Finally, Credit Suisse Group set a $38.00 price target on TreeHouse Foods and gave the stock a “hold” rating in a research report on Saturday, February 17th. Three investment analysts have rated the stock with a sell rating, fourteen have given a hold rating and four have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of $53.51.

Shares of THS opened at $39.73 on Tuesday. The firm has a market capitalization of $2,234.78, a price-to-earnings ratio of 14.14, a PEG ratio of 3.84 and a beta of 0.52. The company has a debt-to-equity ratio of 1.12, a quick ratio of 0.94 and a current ratio of 2.48. TreeHouse Foods has a 52 week low of $36.35 and a 52 week high of $90.18.

TreeHouse Foods (NYSE:THS) last posted its quarterly earnings results on Thursday, February 15th. The company reported $1.02 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.93 by $0.09. TreeHouse Foods had a positive return on equity of 6.49% and a negative net margin of 4.54%. The business had revenue of $1.70 billion for the quarter, compared to analyst estimates of $1.70 billion. During the same period last year, the company earned $1.14 EPS. The firm’s revenue was down 4.3% on a year-over-year basis. analysts forecast that TreeHouse Foods will post 2.09 EPS for the current year.

In other TreeHouse Foods news, VP Thomas Emmet Oneill III sold 36,100 shares of TreeHouse Foods stock in a transaction dated Tuesday, March 6th. The stock was sold at an average price of $42.02, for a total value of $1,516,922.00. Following the sale, the vice president now owns 168,479 shares of the company’s stock, valued at approximately $7,079,487.58. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Sam K. Reed sold 11,480 shares of TreeHouse Foods stock in a transaction dated Wednesday, February 7th. The shares were sold at an average price of $42.44, for a total value of $487,211.20. Following the completion of the sale, the chief executive officer now directly owns 81,147 shares in the company, valued at approximately $3,443,878.68. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 70,540 shares of company stock worth $2,924,829. Corporate insiders own 3.60% of the company’s stock.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Ellington Management Group LLC raised its stake in shares of TreeHouse Foods by 29.1% in the 4th quarter. Ellington Management Group LLC now owns 5,552 shares of the company’s stock valued at $275,000 after purchasing an additional 1,252 shares during the period. American International Group Inc. raised its stake in shares of TreeHouse Foods by 1.2% in the 4th quarter. American International Group Inc. now owns 118,386 shares of the company’s stock valued at $5,855,000 after purchasing an additional 1,391 shares during the period. Flinton Capital Management LLC raised its stake in shares of TreeHouse Foods by 62.5% in the 4th quarter. Flinton Capital Management LLC now owns 4,992 shares of the company’s stock valued at $247,000 after purchasing an additional 1,920 shares during the period. Teachers Advisors LLC raised its stake in shares of TreeHouse Foods by 3.0% in the 4th quarter. Teachers Advisors LLC now owns 66,788 shares of the company’s stock valued at $3,303,000 after purchasing an additional 1,934 shares during the period. Finally, Swiss National Bank raised its stake in shares of TreeHouse Foods by 2.6% in the 4th quarter. Swiss National Bank now owns 97,351 shares of the company’s stock valued at $4,815,000 after purchasing an additional 2,500 shares during the period.

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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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