TreeHouse Foods, Inc. (NYSE:THS) Given Consensus Recommendation of “Hold” by Analysts

Shares of TreeHouse Foods, Inc. (NYSE:THS) have earned a consensus rating of “Hold” from the five analysts that are currently covering the stock, MarketBeat reports. Five equities research analysts have rated the stock with a hold recommendation. The average twelve-month price objective among brokers that have issued ratings on the stock in the last year is $38.40.

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

Insiders Place Their Bets

In related news, EVP Kristy N. Waterman sold 3,000 shares of the business’s stock in a transaction 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 $879,994.56. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders own 0.90% of the company’s stock.

Institutional Investors Weigh In On TreeHouse Foods

Several hedge funds have recently added to or reduced their stakes in THS. Signaturefd LLC increased its position in TreeHouse Foods by 42.1% in the 3rd quarter. Signaturefd LLC now owns 999 shares of the company’s stock valued at $42,000 after acquiring an additional 296 shares during the period. Pullen Investment Management LLC increased its holdings in TreeHouse Foods by 2.0% in the second quarter. Pullen Investment Management LLC now owns 21,186 shares of the company’s stock valued at $776,000 after purchasing an additional 408 shares during the period. Texas Permanent School Fund Corp increased its holdings in TreeHouse Foods by 1.3% in the first quarter. Texas Permanent School Fund Corp now owns 44,042 shares of the company’s stock valued at $1,715,000 after purchasing an additional 570 shares during the period. ProShare Advisors LLC raised its position in TreeHouse Foods by 6.0% during the 1st quarter. ProShare Advisors LLC now owns 10,227 shares of the company’s stock worth $398,000 after purchasing an additional 579 shares during the last quarter. Finally, Wedge Capital Management L L P NC lifted its holdings in TreeHouse Foods by 2.3% during the 2nd quarter. Wedge Capital Management L L P NC now owns 36,945 shares of the company’s stock worth $1,354,000 after buying an additional 846 shares during the period. 99.81% of the stock is currently owned by institutional investors and hedge funds.

TreeHouse Foods Price Performance

Shares of NYSE THS opened at $37.37 on Friday. The business has a fifty day moving average price of $40.96 and a two-hundred day moving average price of $38.28. The stock has a market capitalization of $1.97 billion, a PE ratio of 81.24 and a beta of 0.22. The company has a debt-to-equity ratio of 0.90, a current ratio of 1.44 and a quick ratio of 0.52. TreeHouse Foods has a fifty-two week low of $33.28 and a fifty-two week high of $43.84.

TreeHouse Foods (NYSE:THS) last issued its quarterly earnings results on Monday, August 5th. The company reported $0.29 EPS for the quarter, topping analysts’ consensus estimates of $0.13 by $0.16. TreeHouse Foods had a positive return on equity of 5.42% and a negative net margin of 0.41%. The company had revenue of $788.50 million for the quarter, compared to analysts’ expectations of $784.10 million. During the same quarter last year, the business earned $0.42 earnings per share. TreeHouse Foods’s revenue was down 1.9% on a year-over-year basis. As a group, equities analysts predict that TreeHouse Foods will post 2.34 earnings per share 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.