TreeHouse Foods, Inc. (NYSE:THS) Receives $24.67 Average PT from Analysts

TreeHouse Foods, Inc. (NYSE:THS) has received a consensus recommendation of “Reduce” from the nine research firms that are currently covering the firm, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell rating and eight have given a hold rating to the company. The average 12 month target price among analysts that have updated their coverage on the stock in the last year is $24.6667.

Several research analysts have issued reports on the company. William Blair cut TreeHouse Foods from an “outperform” rating to a “hold” rating in a research report on Tuesday, November 11th. Zacks Research upgraded shares of TreeHouse Foods from a “strong sell” rating to a “hold” rating in a report on Thursday, January 1st. Stifel Nicolaus raised their price objective on shares of TreeHouse Foods from $19.00 to $22.50 and gave the company a “hold” rating in a research note on Tuesday, November 11th. Weiss Ratings restated a “sell (e+)” rating on shares of TreeHouse Foods in a research report on Monday, December 29th. Finally, Truist Financial increased their target price on shares of TreeHouse Foods from $20.00 to $22.50 and gave the company a “hold” rating in a report on Thursday, November 13th.

TreeHouse Foods Trading Up 0.4%

Shares of TreeHouse Foods stock opened at $24.50 on Tuesday. The firm has a market cap of $1.24 billion, a price-to-earnings ratio of -5.10 and a beta of 0.17. TreeHouse Foods has a 52-week low of $15.85 and a 52-week high of $40.77. The company’s 50-day simple moving average is $23.78 and its 200-day simple moving average is $20.81. The company has a quick ratio of 0.40, a current ratio of 1.29 and a debt-to-equity ratio of 1.18.

TreeHouse Foods (NYSE:THS) last announced its quarterly earnings data on Monday, November 10th. The company reported $0.43 EPS for the quarter, missing analysts’ consensus estimates of $0.53 by ($0.10). TreeHouse Foods had a negative net margin of 7.25% and a positive return on equity of 5.52%. The firm had revenue of $841.90 million during the quarter, compared to analyst estimates of $853.53 million. During the same quarter in the previous year, the business earned ($0.07) EPS. TreeHouse Foods’s revenue for the quarter was up .1% on a year-over-year basis. As a group, equities research analysts anticipate that TreeHouse Foods will post 1.94 earnings per share for the current year.

Insiders Place Their Bets

In related news, SVP Stephen Alan Landry sold 6,097 shares of TreeHouse Foods stock in a transaction on Tuesday, December 16th. The stock was sold at an average price of $23.79, for a total transaction of $145,047.63. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 11.10% of the stock is owned by insiders.

Institutional Investors Weigh In On TreeHouse Foods

A number of institutional investors and hedge funds have recently bought and sold shares of THS. Royal Bank of Canada raised its position in shares of TreeHouse Foods by 60.7% in the first quarter. Royal Bank of Canada now owns 43,855 shares of the company’s stock valued at $1,188,000 after buying an additional 16,557 shares during the last quarter. AQR Capital Management LLC purchased a new stake in TreeHouse Foods in the 1st quarter worth approximately $299,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in TreeHouse Foods by 3.1% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 27,676 shares of the company’s stock worth $750,000 after acquiring an additional 838 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its holdings 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 valued at $3,221,000 after acquiring an additional 1,599 shares during the last quarter. Finally, Intech Investment Management LLC lifted its stake in shares of TreeHouse Foods by 104.6% during the 1st quarter. Intech Investment Management LLC now owns 48,058 shares of the company’s stock worth $1,302,000 after purchasing an additional 24,564 shares during the period. Hedge funds and other institutional investors own 99.81% of the company’s stock.

About TreeHouse Foods

TreeHouse Foods, Inc (NYSE: THS) is a leading manufacturer and supplier of private-label packaged food and beverage products. Headquartered in Oak Brook, Illinois, the company partners with major grocery chains, club retailers and foodservice outlets to develop, produce and distribute a diverse portfolio of items under store brands and, in select categories, under its own labels.

Since its founding in 2005 through the consolidation of several specialty food businesses, TreeHouse Foods has grown primarily through strategic acquisitions and operational integration.