TreeHouse Foods, Inc. (NYSE:THS – Get Free Report) Director Jana Partners Llc acquired 87,900 shares of the business’s stock in a transaction on Wednesday, September 6th. The shares were purchased at an average price of $44.49 per share, for a total transaction of $3,910,671.00. Following the transaction, the director now directly owns 4,883,314 shares of the company’s stock, valued at $217,258,639.86. The acquisition was disclosed in a legal filing with the SEC, which is available at this link.
TreeHouse Foods Stock Up 2.5 %
Shares of THS opened at $45.42 on Friday. The firm has a market capitalization of $2.56 billion, a P/E ratio of -33.90 and a beta of 0.46. TreeHouse Foods, Inc. has a 12-month low of $40.56 and a 12-month high of $55.30. The company has a current ratio of 1.26, a quick ratio of 0.29 and a debt-to-equity ratio of 0.92. The firm has a fifty day moving average price of $48.51 and a 200-day moving average price of $49.74.
TreeHouse Foods (NYSE:THS – Get Free Report) last issued its earnings results on Monday, August 7th. The company reported $0.42 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.42. The firm had revenue of $843.60 million during the quarter, compared to analyst estimates of $831.84 million. TreeHouse Foods had a negative net margin of 2.09% and a positive return on equity of 7.49%. The business’s revenue was up 4.1% on a year-over-year basis. During the same period in the previous year, the firm earned ($0.04) earnings per share. Equities research analysts expect that TreeHouse Foods, Inc. will post 2.47 earnings per share for the current year.
Institutional Trading of TreeHouse Foods
Analyst Ratings Changes
A number of research analysts have weighed in on THS shares. Barclays cut their price objective on shares of TreeHouse Foods from $57.00 to $55.00 and set an “equal weight” rating on the stock in a research report on Thursday, July 20th. StockNews.com started coverage on shares of TreeHouse Foods in a research report on Thursday, August 17th. They set a “hold” rating on the stock. TheStreet cut shares of TreeHouse Foods from a “b-” rating to a “c” rating in a research report on Thursday, August 24th. Finally, Stifel Nicolaus cut their price objective on shares of TreeHouse Foods from $56.00 to $52.00 and set a “hold” rating on the stock in a research report on Tuesday, August 8th. Three equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $57.00.
About TreeHouse Foods
TreeHouse Foods, Inc manufactures and distributes private label foods and beverages in the United States and internationally. The company provides snacking product, such as crackers, pretzels, in-store bakery items, frozen griddle items, cookies, snack bars, and unique candy; and beverage and drink mix, including non-dairy creamer, single serve beverages, broths/stocks, powdered beverages and other blends, tea, and ready-to-drink-beverages.
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