TreeHouse Foods, Inc. (NYSE:THS) Receives $27.83 Consensus Target Price from Brokerages

Shares of TreeHouse Foods, Inc. (NYSE:THS) have received a consensus rating of “Hold” from the seven analysts that are covering the firm, MarketBeat.com reports. Seven analysts have rated the stock with a hold rating. The average 1 year price objective among brokerages that have issued ratings on the stock in the last year is $27.83.

Several brokerages have recently issued reports on THS. TD Cowen dropped their target price on shares of TreeHouse Foods from $32.00 to $27.00 and set a “hold” rating on the stock in a research note on Friday, April 11th. Jefferies Financial Group dropped their target price on shares of 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 dropped their target price on shares of TreeHouse Foods from $26.00 to $24.00 and set a “hold” rating on the stock in a research note on Thursday, April 24th. Wall Street Zen upgraded shares of TreeHouse Foods from a “sell” rating to a “hold” rating in a research note on Tuesday, February 18th. Finally, Truist Financial dropped their target price on shares of TreeHouse Foods from $25.00 to $20.00 and set a “hold” rating on the stock in a research note on Thursday, May 8th.

Insider Activity at TreeHouse Foods

In other TreeHouse Foods news, Director Jana Partners Management, Lp purchased 17,678 shares of the firm’s stock in a transaction on Monday, May 12th. The shares were acquired at an average cost of $23.09 per share, for a total transaction of $408,185.02. Following the completion of the transaction, the director now owns 5,482,337 shares of the company’s stock, valued at approximately $126,587,161.33. The trade was a 0.32% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Steven Oakland purchased 4,660 shares of the firm’s stock in a transaction on Thursday, May 8th. The stock was acquired at an average price of $21.46 per share, for a total transaction of $100,003.60. Following the completion of the transaction, the chief executive officer now directly owns 369,521 shares of the company’s stock, valued at approximately $7,929,920.66. This trade represents a 1.28% increase in their position. The disclosure for this purchase can be found here. Insiders have purchased a total of 147,123 shares of company stock worth $3,234,741 over the last quarter. Company insiders own 11.10% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in THS. Blue Trust Inc. raised its position in TreeHouse Foods by 456.7% in the fourth quarter. Blue Trust Inc. now owns 1,119 shares of the company’s stock worth $39,000 after acquiring an additional 918 shares during the period. KBC Group NV raised its position in TreeHouse Foods by 45.1% in the fourth quarter. KBC Group NV now owns 2,820 shares of the company’s stock worth $99,000 after acquiring an additional 877 shares during the period. Entropy Technologies LP bought a new position in TreeHouse Foods in the fourth quarter worth approximately $333,000. State of New Jersey Common Pension Fund D raised its position in TreeHouse Foods by 30.5% in the fourth quarter. State of New Jersey Common Pension Fund D now owns 62,568 shares of the company’s stock worth $2,198,000 after acquiring an additional 14,632 shares during the period. Finally, Principal Financial Group Inc. raised its position in TreeHouse Foods by 1.5% in the fourth quarter. Principal Financial Group Inc. now owns 223,522 shares of the company’s stock worth $7,852,000 after acquiring an additional 3,238 shares during the period. 99.81% of the stock is currently owned by institutional investors.

TreeHouse Foods Trading Down 4.7%

NYSE:THS opened at $20.73 on Monday. TreeHouse Foods has a one year low of $20.63 and a one year high of $43.84. The company has a debt-to-equity ratio of 0.90, a current ratio of 1.36 and a quick ratio of 0.63. The company’s 50-day simple moving average is $22.48 and its 200 day simple moving average is $28.77. The firm has a market capitalization of $1.05 billion, a P/E ratio of 38.39 and a beta of 0.28.

TreeHouse Foods (NYSE:THS) last posted its quarterly earnings data 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 net margin of 0.80% and a return on equity of 6.42%. The business had revenue of $792.00 million for the quarter, compared to analyst estimates of $789.66 million. During the same quarter in the previous year, the firm posted ($0.03) earnings per share. TreeHouse Foods’s quarterly revenue was down 3.5% on a year-over-year basis. As a group, analysts forecast that TreeHouse Foods will post 1.94 EPS for the current fiscal 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.