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

Shares of TreeHouse Foods, Inc. (NYSE:THS) have been assigned a consensus recommendation of “Hold” from the six brokerages that are currently covering the firm, MarketBeat.com reports. Six analysts have rated the stock with a hold rating. The average 12 month price target among analysts that have issued ratings on the stock in the last year is $38.17.

THS has been the topic of several research analyst reports. Barclays lowered their price objective on shares of TreeHouse Foods from $39.00 to $36.00 and set an “equal weight” rating on the stock in a research report on Wednesday, May 8th. StockNews.com cut shares of TreeHouse Foods from a “hold” rating to a “sell” rating in a research report on Wednesday, May 8th. TD Cowen lowered their price target on shares of TreeHouse Foods from $38.00 to $37.00 and set a “hold” rating on the stock in a report on Tuesday, May 7th. Stifel Nicolaus lowered their price target on shares of TreeHouse Foods from $38.00 to $36.00 and set a “hold” rating on the stock in a report on Tuesday, May 7th. Finally, Mizuho initiated coverage on shares of TreeHouse Foods in a report on Thursday, June 6th. They set a “neutral” rating and a $37.00 price target on the stock.

TreeHouse Foods Trading Up 0.5 %

NYSE THS opened at $36.64 on Monday. TreeHouse Foods has a twelve month low of $33.28 and a twelve month high of $53.00. The company has a debt-to-equity ratio of 0.87, a quick ratio of 0.66 and a current ratio of 1.52. The stock has a market cap of $1.93 billion, a price-to-earnings ratio of 79.65 and a beta of 0.25. The firm’s 50 day moving average price is $35.97 and its two-hundred day moving average price is $38.22.

TreeHouse Foods (NYSE:THS) last posted its quarterly earnings data on Monday, May 6th. The company reported ($0.03) earnings per share for the quarter, missing the consensus estimate of ($0.02) by ($0.01). TreeHouse Foods had a return on equity of 5.81% and a net margin of 0.76%. The firm had revenue of $820.70 million for the quarter, compared to analysts’ expectations of $798.44 million. During the same quarter in the previous year, the firm posted $0.68 earnings per share. The company’s revenue for the quarter was down 3.9% on a year-over-year basis. Equities analysts anticipate that TreeHouse Foods will post 2.26 EPS for the current year.

Insider Buying and Selling

In related news, SVP Stephen Alan Landry sold 3,723 shares of the company’s stock in a transaction on Monday, May 13th. The shares were sold at an average price of $34.99, for a total value of $130,267.77. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 0.90% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On TreeHouse Foods

Large investors have recently bought and sold shares of the business. JANA Partners Management LP acquired a new position in TreeHouse Foods during the 3rd quarter worth $213,877,000. UBS Group AG lifted its position in TreeHouse Foods by 701.4% during the 4th quarter. UBS Group AG now owns 571,535 shares of the company’s stock worth $23,690,000 after acquiring an additional 500,215 shares during the last quarter. Armistice Capital LLC acquired a new position in TreeHouse Foods during the 3rd quarter worth $19,173,000. Capital Research Global Investors lifted its position in TreeHouse Foods by 52.6% during the 1st quarter. Capital Research Global Investors now owns 950,372 shares of the company’s stock worth $37,017,000 after acquiring an additional 327,448 shares during the last quarter. Finally, Norges Bank acquired a new position in TreeHouse Foods during the 4th quarter worth $13,547,000. 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.