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

Shares of TreeHouse Foods, Inc. (NYSE:THS) have received an average recommendation of “Hold” from the five research firms that are covering the company, Marketbeat.com reports. Five research analysts have rated the stock with a hold rating. The average 1 year price target among analysts that have issued a report on the stock in the last year is $38.40.

Several brokerages have weighed in on THS. Mizuho increased their price target on TreeHouse Foods from $37.00 to $40.00 and gave the stock a “neutral” rating in a research report on Monday, August 26th. StockNews.com raised TreeHouse Foods from a “sell” rating to a “hold” rating in a report on Tuesday, August 6th. Stifel Nicolaus boosted their price target on TreeHouse Foods from $36.00 to $41.00 and gave the company a “hold” rating in a report on Tuesday, August 6th. Finally, Barclays raised their price objective on shares of TreeHouse Foods from $36.00 to $39.00 and gave the stock an “equal weight” rating in a research note on Tuesday, August 6th.

TreeHouse Foods Trading Down 0.7 %

TreeHouse Foods stock opened at $36.38 on Friday. TreeHouse Foods has a 52 week low of $33.28 and a 52 week high of $43.84. The stock has a 50-day moving average price of $40.80 and a 200 day moving average price of $38.29. The company has a quick ratio of 0.52, a current ratio of 1.44 and a debt-to-equity ratio of 0.90. The company has a market capitalization of $1.91 billion, a price-to-earnings ratio of -134.74 and a beta of 0.22.

TreeHouse Foods (NYSE:THS) last released its quarterly earnings data on Monday, August 5th. The company reported $0.29 EPS for the quarter, beating the consensus estimate of $0.13 by $0.16. The business had revenue of $788.50 million for the quarter, compared to the consensus estimate of $784.10 million. TreeHouse Foods had a negative net margin of 0.41% and a positive return on equity of 5.42%. The business’s revenue for the quarter was down 1.9% on a year-over-year basis. During the same period in the prior year, the firm earned $0.42 EPS. Sell-side analysts anticipate that TreeHouse Foods will post 2.34 EPS for the current year.

Insider Activity

In related news, EVP Kristy N. Waterman sold 3,000 shares of the business’s stock in a transaction on Monday, August 26th. The shares were sold at an average price of $42.34, for a total value of $127,020.00. Following the completion of the sale, the executive vice president now owns 20,784 shares of the company’s stock, valued at approximately $879,994.56. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 0.90% of the company’s stock.

Institutional Investors Weigh In On TreeHouse Foods

Several large investors have recently bought and sold shares of the company. Signaturefd LLC lifted its position in shares of TreeHouse Foods by 42.1% in the third quarter. Signaturefd LLC now owns 999 shares of the company’s stock valued at $42,000 after acquiring an additional 296 shares in the last quarter. Canada Pension Plan Investment Board acquired a new stake in TreeHouse Foods during the 2nd quarter worth $37,000. Innealta Capital LLC purchased a new stake in shares of TreeHouse Foods during the second quarter worth $44,000. Central Pacific Bank Trust Division purchased a new stake in shares of TreeHouse Foods during the first quarter worth $48,000. Finally, GAMMA Investing LLC raised its position in shares of TreeHouse Foods by 304.7% in the second quarter. GAMMA Investing LLC now owns 1,291 shares of the company’s stock valued at $47,000 after buying an additional 972 shares during the last quarter. 99.81% of the stock is currently 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.