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

TreeHouse Foods, Inc. (NYSE:THS) has received a consensus rating of “Hold” from the six analysts that are currently covering the company, Marketbeat reports. Six investment analysts have rated the stock with a hold recommendation. The average 12-month price target among brokerages that have issued ratings on the stock in the last year is $34.20.

THS has been the topic of a number of recent analyst reports. StockNews.com raised TreeHouse Foods from a “sell” rating to a “hold” rating in a report on Monday. Stifel Nicolaus reduced their price objective on TreeHouse Foods from $41.00 to $32.00 and set a “hold” rating for the company in a report on Wednesday, November 13th. Consumer Edge cut TreeHouse Foods from an “overweight” rating to an “equal weight” rating in a research report on Friday, November 15th. Truist Financial cut their price objective on shares of TreeHouse Foods from $35.00 to $30.00 and set a “hold” rating for the company in a report on Wednesday, November 13th. Finally, Barclays dropped their price objective on TreeHouse Foods from $39.00 to $32.00 and set an “equal weight” rating for the company in a report on Wednesday, November 13th.

TreeHouse Foods Stock Up 0.8 %

THS stock opened at $34.60 on Friday. The business has a 50-day moving average of $34.67 and a 200-day moving average of $37.85. TreeHouse Foods has a fifty-two week low of $28.04 and a fifty-two week high of $43.84. The stock has a market capitalization of $1.77 billion, a P/E ratio of -73.62 and a beta of 0.22. The company has a debt-to-equity ratio of 0.90, a current ratio of 1.40 and a quick ratio of 0.53.

TreeHouse Foods (NYSE:THS) last issued its quarterly earnings results on Tuesday, November 12th. The company reported $0.74 EPS for the quarter, missing the consensus estimate of $0.75 by ($0.01). The company had revenue of $854.40 million for the quarter, compared to analyst estimates of $881.15 million. TreeHouse Foods had a negative net margin of 0.72% and a positive return on equity of 5.94%. The business’s revenue for the quarter was down 1.0% on a year-over-year basis. During the same period last year, the company posted $0.57 earnings per share. On average, sell-side analysts anticipate that TreeHouse Foods will post 1.96 earnings per share for the current fiscal year.

Institutional Investors Weigh In On TreeHouse Foods

A number of institutional investors have recently modified their holdings of the company. Jane Street Group LLC increased its stake in TreeHouse Foods by 37.7% during the 3rd quarter. Jane Street Group LLC now owns 124,173 shares of the company’s stock valued at $5,213,000 after purchasing an additional 33,978 shares in the last quarter. Harbor Capital Advisors Inc. grew its holdings in TreeHouse Foods by 68.2% during the third quarter. Harbor Capital Advisors Inc. now owns 304,969 shares of the company’s stock worth $12,803,000 after buying an additional 123,669 shares in the last quarter. Chartwell Investment Partners LLC purchased a new position in TreeHouse Foods during the 3rd quarter worth $8,042,000. HighTower Advisors LLC grew its position in TreeHouse Foods by 90.8% in the 3rd quarter. HighTower Advisors LLC now owns 11,374 shares of the company’s stock worth $488,000 after purchasing an additional 5,413 shares in the last quarter. Finally, Shapiro Capital Management LLC boosted its stake in shares of TreeHouse Foods by 22.0% in the 2nd quarter. Shapiro Capital Management LLC now owns 1,587,415 shares of the company’s stock worth $58,163,000 after buying an additional 286,770 shares during the last quarter. 99.81% of the stock is owned by institutional investors.

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.