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

Shares of TreeHouse Foods Inc. (NYSE:THS) have been assigned a consensus recommendation of “Hold” from the fifteen research firms that are covering the stock, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, nine have given a hold recommendation and four have assigned a buy recommendation to the company. The average 12-month target price among analysts that have issued ratings on the stock in the last year is $57.08.

Several brokerages have issued reports on THS. ValuEngine downgraded shares of TreeHouse Foods from a “buy” rating to a “hold” rating in a report on Tuesday, May 7th. Wells Fargo & Co raised shares of TreeHouse Foods from a “market perform” rating to an “outperform” rating and upped their price target for the company from $60.00 to $80.00 in a report on Monday, April 29th. Jefferies Financial Group reaffirmed a “buy” rating and issued a $72.00 price target on shares of TreeHouse Foods in a report on Wednesday, March 27th. Finally, SunTrust Banks raised shares of TreeHouse Foods from a “hold” rating to a “buy” rating and upped their price target for the company from $55.00 to $70.00 in a report on Monday, March 25th. They noted that the move was a valuation call.

In related news, COO Clifford Braun sold 2,103 shares of the company’s stock in a transaction that occurred on Wednesday, May 15th. The shares were sold at an average price of $57.77, for a total transaction of $121,490.31. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, SVP Christopher Wilkins sold 1,888 shares of the company’s stock in a transaction that occurred on Tuesday, May 14th. The shares were sold at an average price of $58.25, for a total transaction of $109,976.00. The disclosure for this sale can be found here. Insiders have sold 17,398 shares of company stock worth $982,472 in the last three months. Insiders own 1.50% of the company’s stock.



A number of hedge funds have recently modified their holdings of the stock. BlackRock Inc. increased its position in TreeHouse Foods by 0.9% during the first quarter. BlackRock Inc. now owns 4,908,358 shares of the company’s stock worth $316,834,000 after purchasing an additional 43,777 shares during the last quarter. Hudson Executive Capital LP acquired a new position in TreeHouse Foods during the fourth quarter worth approximately $125,237,000. Norges Bank acquired a new position in TreeHouse Foods during the fourth quarter worth approximately $46,657,000. Thrivent Financial for Lutherans increased its position in TreeHouse Foods by 6,304.9% during the fourth quarter. Thrivent Financial for Lutherans now owns 870,168 shares of the company’s stock worth $44,127,000 after purchasing an additional 856,582 shares during the last quarter. Finally, Massachusetts Financial Services Co. MA increased its position in TreeHouse Foods by 7.0% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 785,038 shares of the company’s stock worth $39,809,000 after purchasing an additional 51,514 shares during the last quarter.

THS traded down $0.70 on Friday, hitting $52.78. 12,912 shares of the company were exchanged, compared to its average volume of 483,488. The company has a quick ratio of 0.62, a current ratio of 1.64 and a debt-to-equity ratio of 1.17. The business has a fifty day moving average price of $55.45. TreeHouse Foods has a fifty-two week low of $41.18 and a fifty-two week high of $67.88. The firm has a market capitalization of $3.06 billion, a price-to-earnings ratio of 23.99, a P/E/G ratio of 2.38 and a beta of 0.76.

TreeHouse Foods (NYSE:THS) last announced its quarterly earnings results on Thursday, May 2nd. The company reported $0.13 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.11 by $0.02. TreeHouse Foods had a negative net margin of 0.97% and a positive return on equity of 5.61%. The company had revenue of $1.30 billion for the quarter, compared to the consensus estimate of $1.31 billion. During the same quarter in the prior year, the firm earned $0.18 earnings per share. The company’s revenue for the quarter was down 12.2% compared to the same quarter last year. On average, sell-side analysts predict that TreeHouse Foods will post 2.33 earnings per share for the current fiscal year.

About TreeHouse Foods

TreeHouse Foods, Inc operates as a food and beverage manufacturer in the United States, Canada, and Italy. The company operates through Baked Goods, Beverages, Condiments, Meals, and Snacks segments. The Baked Goods segment offers candies, cookies, crackers, in-store bakery products, pita chips, pretzels, refrigerated dough, retail griddle waffles, pancakes, and French toasts.

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Analyst Recommendations for TreeHouse Foods (NYSE:THS)

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