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

TreeHouse Foods, Inc. (NYSE:THS) has been given an average recommendation of “Hold” by the seven research firms that are covering the firm, Marketbeat reports. Seven equities research analysts have rated the stock with a hold rating. The average 1 year target price among brokerages that have issued a report on the stock in the last year is $27.83.

A number of brokerages have recently commented on THS. StockNews.com raised TreeHouse Foods from a “sell” rating to a “hold” rating in a research report on Tuesday, February 18th. Barclays lowered their price objective on TreeHouse Foods from $26.00 to $25.00 and set an “equal weight” rating for the company in a research report on Thursday, May 8th. Truist Financial lowered their price objective on TreeHouse Foods from $25.00 to $20.00 and set a “hold” rating for the company in a research report on Thursday, May 8th. Stifel Nicolaus lowered their price objective on TreeHouse Foods from $26.00 to $24.00 and set a “hold” rating for the company in a research report on Thursday, April 24th. Finally, Jefferies Financial Group lowered their price objective on TreeHouse Foods from $37.00 to $31.00 and set a “hold” rating for the company in a research report on Tuesday, February 18th.

TreeHouse Foods Stock Performance

TreeHouse Foods stock opened at $22.15 on Thursday. The company has a debt-to-equity ratio of 0.90, a quick ratio of 0.63 and a current ratio of 1.36. The stock has a fifty day moving average of $24.54 and a two-hundred day moving average of $30.77. The company has a market capitalization of $1.12 billion, a price-to-earnings ratio of 41.02 and a beta of 0.30. TreeHouse Foods has a fifty-two week low of $20.63 and a fifty-two week high of $43.84.

TreeHouse Foods (NYSE:THS) last released its quarterly earnings results on Tuesday, May 6th. The company reported $0.03 earnings per share for the quarter, topping the consensus estimate of ($0.21) by $0.24. The company had revenue of $792.00 million during the quarter, compared to the consensus estimate of $789.66 million. TreeHouse Foods had a return on equity of 6.42% and a net margin of 0.80%. TreeHouse Foods’s revenue was down 3.5% compared to the same quarter last year. During the same quarter last year, the business posted ($0.03) earnings per share. On average, analysts anticipate that TreeHouse Foods will post 1.94 EPS for the current fiscal year.

Insider Buying and Selling at TreeHouse Foods

In related news, CEO Steven Oakland acquired 4,660 shares of TreeHouse Foods stock in a transaction on Thursday, May 8th. The shares were bought at an average price of $21.46 per share, for a total transaction of $100,003.60. Following the completion of the purchase, the chief executive officer now directly owns 369,521 shares in the company, valued at $7,929,920.66. This trade represents a 1.28% increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Jana Partners Management, Lp purchased 17,678 shares of the business’s stock in a transaction that occurred on Monday, May 12th. The stock was acquired at an average price of $23.09 per share, for a total transaction of $408,185.02. Following the purchase, the director now owns 5,482,337 shares of the company’s stock, valued at approximately $126,587,161.33. This represents a 0.32% increase in their position. The disclosure for this purchase can be found here. Over the last 90 days, insiders bought 147,123 shares of company stock valued at $3,234,741. Company insiders own 11.10% of the company’s stock.

Institutional Trading of TreeHouse Foods

Hedge funds and other institutional investors have recently bought and sold shares of the company. Blue Trust Inc. increased its holdings in TreeHouse Foods by 456.7% in the fourth quarter. Blue Trust Inc. now owns 1,119 shares of the company’s stock valued at $39,000 after buying an additional 918 shares during the last quarter. Sterling Capital Management LLC grew its holdings in shares of TreeHouse Foods by 134.4% during the fourth quarter. Sterling Capital Management LLC now owns 2,374 shares of the company’s stock valued at $83,000 after purchasing an additional 1,361 shares during the last quarter. KBC Group NV grew its holdings in shares of TreeHouse Foods by 45.1% during the fourth quarter. KBC Group NV now owns 2,820 shares of the company’s stock valued at $99,000 after purchasing an additional 877 shares during the last quarter. CIBC Private Wealth Group LLC grew its holdings in shares of TreeHouse Foods by 58.2% during the fourth quarter. CIBC Private Wealth Group LLC now owns 4,101 shares of the company’s stock valued at $142,000 after purchasing an additional 1,508 shares during the last quarter. Finally, Legacy Wealth Asset Management LLC bought a new position in shares of TreeHouse Foods during the fourth quarter valued at approximately $216,000. 99.81% of the stock is 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.