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

TreeHouse Foods, Inc. (NYSE:THS) has been given an average rating of “Hold” by the six brokerages that are presently covering the company, Marketbeat.com reports. Six equities research analysts have rated the stock with a hold recommendation. The average twelve-month target price among brokers that have updated their coverage on the stock in the last year is $34.20.

A number of research analysts recently commented on THS shares. StockNews.com cut TreeHouse Foods from a “hold” rating to a “sell” rating in a report on Monday. Truist Financial reduced their target price on shares of TreeHouse Foods from $35.00 to $30.00 and set a “hold” rating on the stock in a research note on Wednesday, November 13th. Barclays dropped their price objective on TreeHouse Foods from $39.00 to $32.00 and set an “equal weight” rating for the company in a report on Wednesday, November 13th. Stifel Nicolaus reduced their price target on shares of TreeHouse Foods from $41.00 to $32.00 and set a “hold” rating on the stock in a research note on Wednesday, November 13th. Finally, Mizuho upped their price objective on shares of TreeHouse Foods from $37.00 to $40.00 and gave the stock a “neutral” rating in a research note on Monday, August 26th.

TreeHouse Foods Price Performance

Shares of THS opened at $35.03 on Thursday. The firm has a fifty day simple moving average of $38.76 and a two-hundred day simple moving average of $38.16. The firm has a market cap of $1.79 billion, a PE ratio of -74.53 and a beta of 0.23. The company has a current ratio of 1.40, a quick ratio of 0.53 and a debt-to-equity ratio of 0.90. TreeHouse Foods has a 1-year low of $28.04 and a 1-year high of $43.84.

TreeHouse Foods (NYSE:THS) last issued its quarterly earnings results on Tuesday, November 12th. The company reported $0.74 earnings per share for the quarter, missing the consensus estimate of $0.75 by ($0.01). The business had revenue of $854.40 million for the quarter, compared to analysts’ expectations of $881.15 million. TreeHouse Foods had a positive return on equity of 5.94% and a negative net margin of 0.72%. The company’s revenue was down 1.0% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.57 EPS. On average, equities analysts anticipate that TreeHouse Foods will post 2.08 EPS for the current year.

Institutional Investors Weigh In On TreeHouse Foods

A number of large investors have recently bought and sold shares of THS. Barclays PLC lifted its holdings in TreeHouse Foods by 7.0% in the third quarter. Barclays PLC now owns 337,657 shares of the company’s stock valued at $14,175,000 after acquiring an additional 21,951 shares during the period. Dean Investment Associates LLC increased its stake in shares of TreeHouse Foods by 49.4% in the 3rd quarter. Dean Investment Associates LLC now owns 97,799 shares of the company’s stock valued at $4,106,000 after purchasing an additional 32,336 shares in the last quarter. Jane Street Group LLC raised its stake in shares of TreeHouse Foods by 37.7% during the 3rd quarter. Jane Street Group LLC now owns 124,173 shares of the company’s stock worth $5,213,000 after buying an additional 33,978 shares during the period. HighTower Advisors LLC raised its position in TreeHouse Foods by 90.8% during the third quarter. HighTower Advisors LLC now owns 11,374 shares of the company’s stock worth $488,000 after acquiring an additional 5,413 shares during the period. Finally, Verition Fund Management LLC purchased a new position in TreeHouse Foods in the 3rd quarter valued at about $1,202,000. Hedge funds and other institutional investors own 99.81% of the company’s stock.

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.