TreeHouse Foods, Inc. (NYSE:THS) Receives $34.83 Average PT from Analysts

TreeHouse Foods, Inc. (NYSE:THS) has been assigned an average recommendation of “Hold” from the seven brokerages that are covering the firm, MarketBeat reports. Seven research analysts have rated the stock with a hold recommendation. The average 12-month price target among analysts that have covered the stock in the last year is $34.83.

Several equities analysts have recently weighed in on THS shares. Barclays increased their price objective on shares of TreeHouse Foods from $35.00 to $36.00 and gave the stock an “equal weight” rating in a research report on Tuesday, February 18th. Jefferies Financial Group decreased their price objective on TreeHouse Foods from $37.00 to $31.00 and set a “hold” rating for the company in a report on Tuesday, February 18th. StockNews.com upgraded TreeHouse Foods from a “sell” rating to a “hold” rating in a report on Tuesday, February 18th. Truist Financial decreased their price target on shares of TreeHouse Foods from $35.00 to $30.00 and set a “hold” rating for the company in a research note on Wednesday, November 13th. Finally, Consumer Edge lowered shares of TreeHouse Foods from an “overweight” rating to an “equal weight” rating in a research note on Friday, November 15th.

TreeHouse Foods Stock Performance

Shares of THS stock opened at $31.17 on Friday. The stock has a market capitalization of $1.56 billion, a PE ratio of 57.72 and a beta of 0.22. The business’s 50 day simple moving average is $33.76 and its 200 day simple moving average is $36.66. The company has a debt-to-equity ratio of 0.90, a current ratio of 1.36 and a quick ratio of 0.63. TreeHouse Foods has a one year low of $28.04 and a one year high of $43.84.

TreeHouse Foods (NYSE:THS) last issued its quarterly earnings results on Friday, February 14th. The company reported $0.95 earnings per share for the quarter, missing analysts’ consensus estimates of $0.97 by ($0.02). The business had revenue of $905.70 million for the quarter, compared to analyst estimates of $907.71 million. TreeHouse Foods had a return on equity of 6.42% and a net margin of 0.80%. The business’s revenue was down .5% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.77 earnings per share. As a group, research analysts forecast that TreeHouse Foods will post 1.94 earnings per share for the current year.

Hedge Funds Weigh In On TreeHouse Foods

Several large investors have recently bought and sold shares of the stock. FMR LLC lifted its position in shares of TreeHouse Foods by 90.5% during the fourth quarter. FMR LLC now owns 5,219,543 shares of the company’s stock valued at $183,363,000 after purchasing an additional 2,479,495 shares in the last quarter. Sessa Capital IM L.P. increased its stake in TreeHouse Foods by 121.9% in the 4th quarter. Sessa Capital IM L.P. now owns 3,242,483 shares of the company’s stock valued at $113,908,000 after buying an additional 1,781,179 shares during the last quarter. Rubric Capital Management LP bought a new position in shares of TreeHouse Foods during the 3rd quarter worth approximately $48,011,000. Raymond James Financial Inc. purchased a new position in shares of TreeHouse Foods in the 4th quarter worth approximately $10,362,000. Finally, JPMorgan Chase & Co. grew its holdings in shares of TreeHouse Foods by 187.6% in the third quarter. JPMorgan Chase & Co. now owns 316,428 shares of the company’s stock valued at $13,284,000 after acquiring an additional 206,411 shares in the last quarter. 99.81% of the stock is currently owned by institutional investors.

About TreeHouse Foods

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.