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

TreeHouse Foods, Inc. (NYSE:THS) has earned a consensus rating of “Hold” from the seven brokerages that are currently covering the stock, MarketBeat reports. Seven research analysts have rated the stock with a hold recommendation. The average 1-year price target among analysts that have issued ratings on the stock in the last year is $27.83.

Several equities research analysts have recently issued reports on the company. Truist Financial decreased their target price on TreeHouse Foods from $25.00 to $20.00 and set a “hold” rating for the company in a research report on Thursday, May 8th. Jefferies Financial Group decreased their price target on TreeHouse Foods from $37.00 to $31.00 and set a “hold” rating on the stock in a research note on Tuesday, February 18th. Stifel Nicolaus cut their price objective on TreeHouse Foods from $26.00 to $24.00 and set a “hold” rating on the stock in a research report on Thursday, April 24th. Barclays cut their target price on TreeHouse Foods from $26.00 to $25.00 and set an “equal weight” rating on the stock in a research note on Thursday, May 8th. Finally, StockNews.com raised TreeHouse Foods from a “sell” rating to a “hold” rating in a report on Tuesday, February 18th.

TreeHouse Foods Stock Down 0.4%

THS opened at $23.21 on Thursday. TreeHouse Foods has a fifty-two week low of $20.63 and a fifty-two week high of $43.84. The company has a debt-to-equity ratio of 0.90, a quick ratio of 0.63 and a current ratio of 1.36. The company has a market capitalization of $1.17 billion, a P/E ratio of 42.98 and a beta of 0.30. The stock has a fifty day moving average of $24.13 and a 200-day moving average of $30.40.

TreeHouse Foods (NYSE:THS) last issued its earnings results on Tuesday, May 6th. The company reported $0.03 EPS for the quarter, topping the consensus estimate of ($0.21) by $0.24. TreeHouse Foods had a return on equity of 6.42% and a net margin of 0.80%. The firm had revenue of $792.00 million during the quarter, compared to the consensus estimate of $789.66 million. During the same quarter in the previous year, the firm earned ($0.03) earnings per share. The business’s quarterly revenue was down 3.5% on a year-over-year basis. On average, equities analysts expect that TreeHouse Foods will post 1.94 EPS for the current year.

Insider Activity

In other news, Director Jana Partners Management, Lp acquired 17,678 shares of the business’s stock in a transaction dated Monday, May 12th. The shares were bought at an average cost of $23.09 per share, for a total transaction of $408,185.02. Following the acquisition, the director now directly owns 5,482,337 shares in the company, valued at $126,587,161.33. This trade represents a 0.32% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Steven Oakland bought 4,660 shares of the stock in a transaction dated Thursday, May 8th. The stock was bought at an average price of $21.46 per share, with a total value of $100,003.60. Following the purchase, the chief executive officer now owns 369,521 shares of the company’s stock, valued at approximately $7,929,920.66. This represents a 1.28% increase in their position. The disclosure for this purchase can be found here. In the last quarter, insiders purchased 147,123 shares of company stock worth $3,234,741. 11.10% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On TreeHouse Foods

Hedge funds have recently added to or reduced their stakes in the stock. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its stake in TreeHouse Foods by 1.4% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 118,895 shares of the company’s stock worth $3,221,000 after purchasing an additional 1,599 shares in the last quarter. Empowered Funds LLC acquired a new position in shares of TreeHouse Foods during the first quarter worth approximately $4,021,000. Dynamic Technology Lab Private Ltd acquired a new stake in TreeHouse Foods during the first quarter worth $1,025,000. Sessa Capital IM L.P. boosted its stake in TreeHouse Foods by 29.5% in the 1st quarter. Sessa Capital IM L.P. now owns 4,200,000 shares of the company’s stock valued at $113,778,000 after buying an additional 957,517 shares in the last quarter. Finally, Petrus Trust Company LTA bought a new stake in TreeHouse Foods in the first quarter valued at $545,000. 99.81% of the stock is currently owned by institutional investors.

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.