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

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

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

TreeHouse Foods Price Performance

TreeHouse Foods stock opened at $34.60 on Friday. The firm’s 50-day moving average is $34.67 and its two-hundred day moving average is $37.85. The company has a debt-to-equity ratio of 0.90, a current ratio of 1.40 and a quick ratio of 0.53. The stock has a market capitalization of $1.77 billion, a P/E ratio of -73.62 and a beta of 0.22. TreeHouse Foods has a 12-month low of $28.04 and a 12-month 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 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 analysts’ expectations of $881.15 million. TreeHouse Foods had a positive return on equity of 5.94% and a negative net margin of 0.72%. During the same quarter in the previous year, the company earned $0.57 earnings per share. The company’s revenue was down 1.0% on a year-over-year basis. Equities analysts predict that TreeHouse Foods will post 1.96 earnings per share for the current year.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in THS. Quest Partners LLC grew its holdings in shares of TreeHouse Foods by 173.1% in the 2nd quarter. Quest Partners LLC now owns 3,387 shares of the company’s stock worth $124,000 after purchasing an additional 2,147 shares during the last quarter. TradeLink Capital LLC bought a new position in TreeHouse Foods in the second quarter valued at about $581,000. Keene & Associates Inc. acquired a new stake in shares of TreeHouse Foods during the 2nd quarter worth approximately $384,000. XTX Topco Ltd lifted its holdings in TreeHouse Foods by 10.3% in the second quarter. XTX Topco Ltd now owns 10,885 shares of the company’s stock valued at $399,000 after buying an additional 1,016 shares during the period. Finally, Canada Pension Plan Investment Board acquired a new stake in shares of TreeHouse Foods during the second quarter worth $37,000. Institutional investors and hedge funds own 99.81% of the company’s stock.

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.