TreeHouse Foods, Inc. (NYSE:THS) Receives $46.67 Consensus Price Target from Analysts

TreeHouse Foods, Inc. (NYSE:THS) has earned a consensus recommendation of “Hold” from the five analysts that are covering the company, Marketbeat Ratings reports. Five equities research analysts have rated the stock with a hold rating. The average twelve-month price target among analysts that have issued ratings on the stock in the last year is $44.33.

A number of brokerages have issued reports on THS. Truist Financial lowered shares of TreeHouse Foods from a “buy” rating to a “hold” rating and cut their price target for the stock from $45.00 to $35.00 in a research note on Tuesday, February 20th. TD Cowen decreased their price target on shares of TreeHouse Foods from $38.00 to $37.00 and set a “hold” rating for the company in a research report on Tuesday. Finally, Stifel Nicolaus dropped their price target on shares of TreeHouse Foods from $38.00 to $36.00 and set a “hold” rating for the company in a research note on Tuesday.

TreeHouse Foods Stock Performance

NYSE:THS opened at $35.52 on Friday. TreeHouse Foods has a fifty-two week low of $33.28 and a fifty-two week high of $55.30. The company has a debt-to-equity ratio of 0.84, a quick ratio of 0.74 and a current ratio of 1.50. The company has a 50 day moving average price of $37.04 and a 200 day moving average price of $39.52. The stock has a market capitalization of $1.91 billion, a P/E ratio of 37.38 and a beta of 0.35.

TreeHouse Foods (NYSE:THS) last released its quarterly earnings results on Monday, May 6th. The company reported ($0.03) EPS for the quarter, missing the consensus estimate of ($0.02) by ($0.01). The firm had revenue of $820.70 million for the quarter, compared to analysts’ expectations of $798.44 million. TreeHouse Foods had a return on equity of 8.09% and a net margin of 1.51%. The company’s quarterly revenue was down 3.9% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.68 earnings per share. Equities research analysts forecast that TreeHouse Foods will post 2.22 EPS for the current year.

Institutional Investors Weigh In On TreeHouse Foods

Institutional investors have recently modified their holdings of the company. Asset Management One Co. Ltd. acquired a new position in shares of TreeHouse Foods in the 3rd quarter valued at $241,000. Commonwealth Equity Services LLC boosted its stake in TreeHouse Foods by 5.5% in the third quarter. Commonwealth Equity Services LLC now owns 7,321 shares of the company’s stock valued at $319,000 after acquiring an additional 384 shares in the last quarter. Raymond James & Associates grew its holdings in shares of TreeHouse Foods by 2.1% during the third quarter. Raymond James & Associates now owns 19,435 shares of the company’s stock worth $847,000 after purchasing an additional 400 shares during the last quarter. Brown Advisory Inc. increased its position in shares of TreeHouse Foods by 21.9% during the third quarter. Brown Advisory Inc. now owns 932,327 shares of the company’s stock worth $40,631,000 after purchasing an additional 167,766 shares in the last quarter. Finally, Verdence Capital Advisors LLC lifted its holdings in shares of TreeHouse Foods by 5.3% in the 3rd quarter. Verdence Capital Advisors LLC now owns 5,982 shares of the company’s stock valued at $261,000 after purchasing an additional 303 shares during the last quarter. 99.81% of the stock is owned by hedge funds and other 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.