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

Shares of TreeHouse Foods, Inc. (NYSE:THS) have been assigned a consensus recommendation of “Hold” from the six ratings firms that are currently covering the company, Marketbeat Ratings reports. Six analysts have rated the stock with a hold rating. The average 1-year price target among analysts that have updated their coverage on the stock in the last year is $34.20.

Several research firms have recently commented on THS. Barclays reduced their price target on shares of TreeHouse Foods from $39.00 to $32.00 and set an “equal weight” rating on the stock in a research report on Wednesday, November 13th. Mizuho upped their price target on TreeHouse Foods from $37.00 to $40.00 and gave the company a “neutral” rating in a research note on Monday, August 26th. Consumer Edge downgraded TreeHouse Foods from an “overweight” rating to an “equal weight” rating in a research report on Friday, November 15th. Truist Financial decreased their target price on shares of TreeHouse Foods from $35.00 to $30.00 and set a “hold” rating on the stock in a research report on Wednesday, November 13th. Finally, Stifel Nicolaus dropped their price target on shares of TreeHouse Foods from $41.00 to $32.00 and set a “hold” rating for the company in a research report on Wednesday, November 13th.

Insider Activity

In other TreeHouse Foods news, EVP Kristy N. Waterman sold 3,000 shares of the business’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 transaction, the executive vice president now owns 20,784 shares in the company, valued at $879,994.56. The trade was a 12.61 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 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 business. Capital Research Global Investors increased its stake in TreeHouse Foods by 52.6% in the 1st quarter. Capital Research Global Investors now owns 950,372 shares of the company’s stock valued at $37,017,000 after buying an additional 327,448 shares during the period. Legato Capital Management LLC lifted its position in TreeHouse Foods by 38.1% in the second quarter. Legato Capital Management LLC now owns 24,154 shares of the company’s stock valued at $885,000 after purchasing an additional 6,666 shares during the period. TD Asset Management Inc raised its stake in shares of TreeHouse Foods by 7.3% during the 2nd quarter. TD Asset Management Inc now owns 478,944 shares of the company’s stock worth $17,549,000 after buying an additional 32,600 shares in the last quarter. Harbor Capital Advisors Inc. lifted its holdings in TreeHouse Foods by 68.2% in the third quarter. Harbor Capital Advisors Inc. now owns 304,969 shares of the company’s stock valued at $12,803,000 after acquiring an additional 123,669 shares during the period. Finally, Chartwell Investment Partners LLC acquired a new position in TreeHouse Foods during the third quarter worth about $8,042,000. 99.81% of the stock is owned by institutional investors and hedge funds.

TreeHouse Foods Stock Performance

NYSE THS opened at $34.24 on Thursday. The company has a debt-to-equity ratio of 0.90, a quick ratio of 0.53 and a current ratio of 1.40. The stock’s fifty day moving average is $39.03 and its two-hundred day moving average is $38.13. The firm has a market capitalization of $1.75 billion, a P/E ratio of -72.85 and a beta of 0.23. TreeHouse Foods has a fifty-two week low of $28.04 and a fifty-two week high of $43.84.

TreeHouse Foods (NYSE:THS) last announced its quarterly earnings data on Tuesday, November 12th. The company reported $0.74 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.75 by ($0.01). TreeHouse Foods had a negative net margin of 0.72% and a positive return on equity of 5.94%. The firm had revenue of $854.40 million during the quarter, compared to analysts’ expectations of $881.15 million. During the same period in the prior year, the company posted $0.57 EPS. The company’s revenue for the quarter was down 1.0% compared to the same quarter last year. On average, research analysts anticipate that TreeHouse Foods will post 2.15 earnings per share for the current year.

TreeHouse Foods Company Profile

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.