TreeHouse Foods, Inc. (NYSE:THS) Given Average Rating of “Hold” by Analysts

TreeHouse Foods, Inc. (NYSE:THS) has earned an average rating of “Hold” from the six brokerages that are presently covering the firm, Marketbeat reports. Six investment analysts have rated the stock with a hold recommendation. The average 1 year target price among analysts that have issued ratings on the stock in the last year is $39.50.

THS has been the topic of a number of recent research reports. Stifel Nicolaus lifted their price target on shares of TreeHouse Foods from $36.00 to $41.00 and gave the stock a “hold” rating in a report on Tuesday, August 6th. StockNews.com raised TreeHouse Foods from a “sell” rating to a “hold” rating in a research note on Tuesday, August 6th. TD Cowen cut their price objective on TreeHouse Foods from $38.00 to $37.00 and set a “hold” rating on the stock in a research note on Tuesday, May 7th. Barclays increased their target price on shares of TreeHouse Foods from $36.00 to $39.00 and gave the company an “equal weight” rating in a research report on Tuesday, August 6th. Finally, Mizuho initiated coverage on shares of TreeHouse Foods in a report on Thursday, June 6th. They issued a “neutral” rating and a $37.00 target price on the stock.

Hedge Funds Weigh In On TreeHouse Foods

Several institutional investors have recently made changes to their positions in THS. Canada Pension Plan Investment Board bought a new stake in TreeHouse Foods in the 2nd quarter valued at about $37,000. Innealta Capital LLC acquired a new stake in TreeHouse Foods in the second quarter valued at approximately $44,000. GAMMA Investing LLC increased its holdings in shares of TreeHouse Foods by 304.7% during the second quarter. GAMMA Investing LLC now owns 1,291 shares of the company’s stock valued at $47,000 after acquiring an additional 972 shares in the last quarter. Central Pacific Bank Trust Division acquired a new position in shares of TreeHouse Foods during the first quarter worth approximately $48,000. Finally, Rothschild Investment LLC bought a new position in shares of TreeHouse Foods in the 2nd quarter worth $67,000. Institutional investors and hedge funds own 99.81% of the company’s stock.

TreeHouse Foods Price Performance

Shares of THS opened at $39.67 on Tuesday. The business has a 50-day simple moving average of $37.55 and a two-hundred day simple moving average of $37.38. TreeHouse Foods has a 12-month low of $33.28 and a 12-month high of $48.49. The stock has a market cap of $2.09 billion, a PE ratio of 86.24 and a beta of 0.24. The company has a quick ratio of 0.52, a current ratio of 1.44 and a debt-to-equity ratio of 0.90.

TreeHouse Foods (NYSE:THS) last released its quarterly earnings data on Monday, August 5th. The company reported $0.29 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.13 by $0.16. TreeHouse Foods had a positive return on equity of 5.42% and a negative net margin of 0.41%. The company had revenue of $788.50 million during the quarter, compared to the consensus estimate of $784.10 million. During the same quarter in the prior year, the firm posted $0.42 earnings per share. The firm’s revenue was down 1.9% compared to the same quarter last year. Analysts anticipate that TreeHouse Foods will post 2.31 earnings per share 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.