TreeHouse Foods Target of Unusually High Options Trading (THS)
TreeHouse Foods Inc. (NYSE:THS) saw some unusual options trading activity on Monday. Traders purchased 1,666 put options on the company. This represents an increase of 1,443% compared to the typical volume of 108 put options.
A number of research analysts have weighed in on the stock. Zacks Investment Research upgraded shares of TreeHouse Foods from a “sell” rating to a “hold” rating in a research report on Monday, October 30th. Jefferies Group set a $100.00 price objective on shares of TreeHouse Foods and gave the stock a “buy” rating in a research report on Sunday, October 29th. UBS Group started coverage on shares of TreeHouse Foods in a research report on Wednesday, October 18th. They issued a “neutral” rating and a $70.00 price objective for the company. William Blair cut shares of TreeHouse Foods from an “outperform” rating to a “market perform” rating in a research note on Thursday, November 2nd. Finally, Stifel Nicolaus cut shares of TreeHouse Foods from a “buy” rating to a “hold” rating and cut their target price for the stock from $84.00 to $44.00 in a research note on Thursday, November 2nd. Two analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and four have issued a buy rating to the company’s stock. TreeHouse Foods presently has a consensus rating of “Hold” and a consensus price target of $55.83.
In other TreeHouse Foods news, VP Thomas Emmet Oneill III sold 2,000 shares of the company’s stock in a transaction dated Tuesday, December 5th. The shares were sold at an average price of $45.32, for a total value of $90,640.00. Following the completion of the transaction, the vice president now owns 135,019 shares in the company, valued at $6,119,061.08. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Sam K. Reed sold 11,480 shares of the company’s stock in a transaction dated Monday, January 8th. The stock was sold at an average price of $49.72, for a total transaction of $570,785.60. Following the completion of the transaction, the chief executive officer now owns 81,147 shares of the company’s stock, valued at approximately $4,034,628.84. The disclosure for this sale can be found here. Insiders have sold 36,440 shares of company stock valued at $1,680,850 over the last 90 days. 3.50% of the stock is currently owned by insiders.
TreeHouse Foods (THS) traded up $1.62 during mid-day trading on Wednesday, hitting $43.01. 1,693,258 shares of the stock were exchanged, compared to its average volume of 830,118. The stock has a market capitalization of $2,373.29, a PE ratio of -9.41, a P/E/G ratio of 2.31 and a beta of 0.42. The company has a quick ratio of 0.81, a current ratio of 2.16 and a debt-to-equity ratio of 1.01. TreeHouse Foods has a twelve month low of $40.26 and a twelve month high of $90.42.
TreeHouse Foods announced that its Board of Directors has initiated a stock repurchase plan on Thursday, November 2nd that allows the company to buyback $400.00 million in shares. This buyback authorization allows the company to buy shares of its stock through open market purchases. Shares buyback plans are generally an indication that the company’s management believes its shares are undervalued.
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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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