Treehouse Foods, Inc. (NYSE:THS)’s share price gapped down before the market opened on Friday after Barclays PLC lowered their price target on the stock from $90.00 to $84.00. The stock had previously closed at $70.34, but opened at $74.16. Barclays PLC currently has an overweight rating on the stock. Treehouse Foods shares last traded at $74.78, with a volume of 1,459,128 shares.

A number of other research firms have also recently weighed in on THS. Stifel Nicolaus reissued a “buy” rating and issued a $93.00 price target on shares of Treehouse Foods in a report on Wednesday, April 26th. Zacks Investment Research cut Treehouse Foods from a “hold” rating to a “sell” rating in a report on Thursday, July 27th. Vertical Research cut Treehouse Foods from a “buy” rating to a “hold” rating in a report on Friday. Wells Fargo & Company cut Treehouse Foods from an “outperform” rating to a “market perform” rating in a report on Friday, May 5th. Finally, UBS AG cut Treehouse Foods from a “positive” rating to a “neutral” rating in a report on Friday. Two equities research analysts have rated the stock with a sell rating, nine have given a hold rating and five have assigned a buy rating to the stock. Treehouse Foods currently has an average rating of “Hold” and a consensus target price of $86.40.

In other Treehouse Foods news, CAO Thomas Emmet Oneill III sold 14,430 shares of the business’s stock in a transaction dated Monday, May 15th. The stock was sold at an average price of $76.50, for a total transaction of $1,103,895.00. Following the completion of the sale, the chief accounting officer now owns 130,708 shares of the company’s stock, valued at $9,999,162. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, SVP Erik Thomas Kahler sold 5,700 shares of the business’s stock in a transaction dated Thursday, June 15th. The shares were sold at an average price of $79.34, for a total value of $452,238.00. Following the sale, the senior vice president now directly owns 28,857 shares of the company’s stock, valued at approximately $2,289,514.38. The disclosure for this sale can be found here. In the last three months, insiders have sold 28,330 shares of company stock valued at $2,183,843. 3.50% of the stock is owned by company insiders.

Large investors have recently modified their holdings of the company. Cambridge Investment Research Advisors Inc. increased its stake in shares of Treehouse Foods by 0.4% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 6,927 shares of the company’s stock valued at $586,000 after buying an additional 28 shares during the last quarter. Diversified Trust Co increased its stake in shares of Treehouse Foods by 0.6% in the second quarter. Diversified Trust Co now owns 8,055 shares of the company’s stock valued at $658,000 after buying an additional 50 shares during the last quarter. World Asset Management Inc increased its stake in shares of Treehouse Foods by 2.3% in the second quarter. World Asset Management Inc now owns 3,730 shares of the company’s stock valued at $305,000 after buying an additional 85 shares during the last quarter. State of Alaska Department of Revenue increased its stake in shares of Treehouse Foods by 4.7% in the first quarter. State of Alaska Department of Revenue now owns 2,118 shares of the company’s stock valued at $179,000 after buying an additional 96 shares during the last quarter. Finally, Public Employees Retirement System of Ohio increased its stake in shares of Treehouse Foods by 0.4% in the first quarter. Public Employees Retirement System of Ohio now owns 26,846 shares of the company’s stock valued at $2,273,000 after buying an additional 104 shares during the last quarter.

The company’s market capitalization is $4.24 billion. The firm has a 50 day moving average of $81.93 and a 200 day moving average of $81.83.

Treehouse Foods (NYSE:THS) last announced its quarterly earnings data on Thursday, August 3rd. The company reported $0.51 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.49 by $0.02. The business had revenue of $1.52 billion during the quarter, compared to analyst estimates of $1.54 billion. Treehouse Foods had a positive return on equity of 6.50% and a negative net margin of 3.12%. Treehouse Foods’s quarterly revenue was down 1.2% compared to the same quarter last year. During the same period last year, the company earned $0.54 earnings per share. On average, analysts expect that Treehouse Foods, Inc. will post $3.47 EPS for the current fiscal year.

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About Treehouse Foods

TreeHouse Foods, Inc is a consumer packaged food and beverage manufacturer. The Company’s segments include North American Retail Grocery, Food Away From Home, and Industrial and Export. The Company manufactures a range of shelf stable, refrigerated, fresh and frozen products. Its product categories include beverages, salad dressings, snack nuts, beverage enhancers, pickles, sauces, cereals, pasta and dry dinners, cookies and crackers, retail bakery, aseptic products, jams and other products.

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