TreeHouse Foods, Inc. (NYSE:THS) Receives Average Recommendation of “Hold” from Analysts

TreeHouse Foods, Inc. (NYSE:THS) has been assigned an average rating of “Hold” from the six ratings firms that are presently covering the company, Marketbeat.com reports. Six equities research analysts have rated the stock with a hold rating. The average 1-year price target among brokers that have covered the stock in the last year is $40.00.

Several equities research analysts recently issued reports on THS shares. StockNews.com upgraded TreeHouse Foods from a “sell” rating to a “hold” rating in a report on Tuesday, August 6th. Mizuho increased their target price on shares of TreeHouse Foods from $37.00 to $40.00 and gave the company a “neutral” rating in a report on Monday, August 26th. Barclays boosted their price target 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. Finally, Stifel Nicolaus increased 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.

Insider Buying and Selling at TreeHouse Foods

In other news, EVP Kristy N. Waterman sold 3,000 shares of the firm’s stock in a transaction that occurred on Monday, August 26th. The shares were sold at an average price of $42.34, for a total transaction of $127,020.00. Following the completion of 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. Corporate insiders own 0.90% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Shapiro Capital Management LLC lifted its stake in shares of TreeHouse Foods by 22.0% during the 2nd quarter. Shapiro Capital Management LLC now owns 1,587,415 shares of the company’s stock valued at $58,163,000 after buying an additional 286,770 shares in the last quarter. New South Capital Management Inc. boosted its holdings in shares of TreeHouse Foods by 22.4% in the second quarter. New South Capital Management Inc. now owns 1,370,548 shares of the company’s stock worth $50,217,000 after acquiring an additional 250,399 shares during the period. Capital Research Global Investors grew its position in shares of TreeHouse Foods by 52.6% in the first quarter. Capital Research Global Investors now owns 950,372 shares of the company’s stock valued at $37,017,000 after purchasing an additional 327,448 shares in the last quarter. William Blair Investment Management LLC raised its stake in shares of TreeHouse Foods by 16.5% during the 1st quarter. William Blair Investment Management LLC now owns 913,087 shares of the company’s stock valued at $35,565,000 after purchasing an additional 129,323 shares during the period. Finally, Armistice Capital LLC lifted its holdings in TreeHouse Foods by 12.2% during the 2nd quarter. Armistice Capital LLC now owns 783,000 shares of the company’s stock worth $28,689,000 after purchasing an additional 85,000 shares in the last quarter. Institutional investors own 99.81% of the company’s stock.

TreeHouse Foods Stock Performance

THS opened at $41.41 on Wednesday. TreeHouse Foods has a 1-year low of $33.28 and a 1-year high of $43.84. The company has a market cap of $2.18 billion, a price-to-earnings ratio of 90.02 and a beta of 0.22. The company’s fifty day moving average price is $40.36 and its two-hundred day moving average price is $37.98. The company has a current ratio of 1.44, a quick ratio of 0.52 and a debt-to-equity ratio of 0.90.

TreeHouse Foods (NYSE:THS) last posted its earnings results on Monday, August 5th. The company reported $0.29 earnings per share for the quarter, topping analysts’ consensus estimates of $0.13 by $0.16. The company had revenue of $788.50 million for the quarter, compared to analyst estimates of $784.10 million. TreeHouse Foods had a negative net margin of 0.41% and a positive return on equity of 5.42%. The firm’s revenue was down 1.9% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.42 EPS. On average, analysts expect that TreeHouse Foods will post 2.34 EPS for the current fiscal 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.