TreeHouse Foods, Inc. (NYSE:THS) Receives $40.00 Average Price Target from Analysts

TreeHouse Foods, Inc. (NYSE:THS) has received a consensus recommendation of “Hold” from the six analysts that are currently covering the firm, MarketBeat Ratings reports. Six analysts have rated the stock with a hold recommendation. The average 12 month price objective among analysts that have issued a report on the stock in the last year is $40.00.

Several analysts have weighed in on THS shares. StockNews.com raised shares of TreeHouse Foods from a “sell” rating to a “hold” rating in a research note on Tuesday, August 6th. Stifel Nicolaus raised their price objective on shares of TreeHouse Foods from $36.00 to $41.00 and gave the company a “hold” rating in a research note on Tuesday, August 6th. Mizuho raised their price objective on shares of TreeHouse Foods from $37.00 to $40.00 and gave the company a “neutral” rating in a research note on Monday, August 26th. Finally, Barclays increased their target price on shares of TreeHouse Foods from $36.00 to $39.00 and gave the stock an “equal weight” rating in a report on Tuesday, August 6th.

Insider Transactions at TreeHouse Foods

In other news, EVP Kristy N. Waterman sold 3,000 shares of the company’s stock in a transaction that occurred on Monday, August 26th. The stock was sold at an average price of $42.34, for a total transaction of $127,020.00. Following the sale, the executive vice president now owns 20,784 shares in the company, valued at approximately $879,994.56. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 0.90% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the company. Canada Pension Plan Investment Board acquired a new position in TreeHouse Foods in the 2nd quarter valued at about $37,000. Innealta Capital LLC bought a new stake in shares of TreeHouse Foods during the 2nd quarter worth approximately $44,000. Central Pacific Bank Trust Division bought a new stake in shares of TreeHouse Foods during the 1st quarter worth approximately $48,000. GAMMA Investing LLC lifted its holdings in shares of TreeHouse Foods by 304.7% during the 2nd quarter. GAMMA Investing LLC now owns 1,291 shares of the company’s stock worth $47,000 after acquiring an additional 972 shares during the period. Finally, Rothschild Investment LLC bought a new stake in shares of TreeHouse Foods during the 2nd quarter worth approximately $67,000. 99.81% of the stock is currently owned by institutional investors and hedge funds.

TreeHouse Foods Stock Down 0.4 %

Shares of THS opened at $41.76 on Friday. The company has a 50-day simple moving average of $39.07 and a 200-day simple moving average of $37.39. The firm has a market capitalization of $2.20 billion, a P/E ratio of 90.78 and a beta of 0.22. The company has a debt-to-equity ratio of 0.90, a quick ratio of 0.52 and a current ratio of 1.44. TreeHouse Foods has a 52 week low of $33.28 and a 52 week high of $48.49.

TreeHouse Foods (NYSE:THS) last posted its quarterly earnings results on Monday, August 5th. The company reported $0.29 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.13 by $0.16. TreeHouse Foods had a negative net margin of 0.41% and a positive return on equity of 5.42%. The firm had revenue of $788.50 million during the quarter, compared to analyst estimates of $784.10 million. During the same quarter in the prior year, the business posted $0.42 earnings per share. The company’s quarterly revenue was down 1.9% compared to the same quarter last year. On average, equities research analysts expect that TreeHouse Foods will post 2.31 earnings per share for the current year.

About TreeHouse Foods

TreeHouse Foods, Inc manufactures and distributes private brands snacks and beverages in the United States and internationally. The company provides snacking products, such as crackers, pretzels, in-store bakery items, frozen griddle items, cookies, and candies; and beverage and drink mixes, including non-dairy creamer, coffee, broths/stocks, powdered beverages and other blends, tea, and ready-to-drink-beverages.