TreeHouse Foods, Inc. (NYSE:THS) Given Average Rating of “Hold” by Brokerages

Shares of TreeHouse Foods, Inc. (NYSE:THS) have received an average rating of “Hold” from the six ratings firms that are covering the firm, Marketbeat reports. Six investment analysts have rated the stock with a hold rating. The average 1-year target price among brokerages that have issued ratings on the stock in the last year is $34.20.

Several analysts have issued reports on THS shares. StockNews.com raised TreeHouse Foods from a “sell” rating to a “hold” rating in a research report on Tuesday, August 6th. Truist Financial cut their target price on TreeHouse Foods from $35.00 to $30.00 and set a “hold” rating on the stock in a research note on Wednesday, November 13th. Mizuho increased their price target on shares of TreeHouse Foods from $37.00 to $40.00 and gave the company a “neutral” rating in a research report on Monday, August 26th. Barclays cut their price objective 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. Finally, Stifel Nicolaus decreased their target price 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.

TreeHouse Foods Stock Performance

THS stock opened at $34.24 on Thursday. TreeHouse Foods has a 1-year low of $28.04 and a 1-year high of $43.84. The business has a 50-day moving average price of $39.03 and a 200 day moving average price of $38.13. The company has a market capitalization of $1.75 billion, a P/E ratio of -72.85 and a beta of 0.23. 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 posted 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). TreeHouse Foods had a negative net margin of 0.72% and a positive return on equity of 5.94%. The business had revenue of $854.40 million during the quarter, compared to the consensus estimate of $881.15 million. During the same quarter in the prior year, the firm posted $0.57 EPS. The company’s revenue for the quarter was down 1.0% compared to the same quarter last year. As a group, equities research analysts forecast that TreeHouse Foods will post 2.15 EPS for the current fiscal year.

Insider Buying and Selling

In related news, EVP Kristy N. Waterman sold 3,000 shares of TreeHouse Foods stock in a transaction dated Monday, August 26th. The stock was 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 of the company’s stock, valued at $879,994.56. The trade was a 12.61 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.90% of the stock is owned by company insiders.

Institutional Investors Weigh In On TreeHouse Foods

Several hedge funds have recently bought and sold shares of the stock. Barclays PLC grew its holdings in TreeHouse Foods by 7.0% in the third quarter. Barclays PLC now owns 337,657 shares of the company’s stock valued at $14,175,000 after purchasing an additional 21,951 shares during the period. Dean Investment Associates LLC lifted its position in shares of TreeHouse Foods by 49.4% during the 3rd quarter. Dean Investment Associates LLC now owns 97,799 shares of the company’s stock valued at $4,106,000 after buying an additional 32,336 shares in the last quarter. Jane Street Group LLC grew its stake in TreeHouse Foods by 37.7% in the 3rd quarter. Jane Street Group LLC now owns 124,173 shares of the company’s stock valued at $5,213,000 after acquiring an additional 33,978 shares during the period. HighTower Advisors LLC increased its holdings 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 acquiring an additional 5,413 shares in the last quarter. Finally, Verition Fund Management LLC acquired a new position in TreeHouse Foods during the third quarter worth $1,202,000. Hedge funds and other institutional investors own 99.81% of the company’s stock.

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.