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

TreeHouse Foods, Inc. (NYSE:THS) has earned a consensus rating of “Hold” from the seven analysts that are covering the company, Marketbeat Ratings reports. Seven investment 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 $27.83.

A number of brokerages have commented on THS. StockNews.com raised TreeHouse Foods from a “sell” rating to a “hold” rating in a research note on Tuesday, February 18th. Barclays reduced their target price 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. Jefferies Financial Group cut 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. Truist Financial lowered their target price on TreeHouse Foods from $25.00 to $20.00 and set a “hold” rating for the company in a research note on Thursday, May 8th. Finally, Stifel Nicolaus decreased their target price 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.

Insider Buying and Selling

In other news, Director Jana Partners Management, Lp acquired 17,678 shares of the firm’s stock in a transaction dated Monday, May 12th. The stock was acquired at an average cost of $23.09 per share, with a total value of $408,185.02. Following the transaction, the director now owns 5,482,337 shares in the company, valued at approximately $126,587,161.33. This trade represents a 0.32% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CEO Steven Oakland purchased 4,660 shares of the business’s stock in a transaction that occurred 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 represents a 1.28% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders purchased a total of 147,123 shares of company stock worth $3,234,741 in the last 90 days. Insiders own 11.10% of the company’s stock.

Hedge Funds Weigh In On TreeHouse Foods

Several institutional investors and hedge funds have recently modified their holdings of THS. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its position in shares of TreeHouse Foods by 1.4% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 118,895 shares of the company’s stock worth $3,221,000 after acquiring an additional 1,599 shares in the last quarter. Empowered Funds LLC bought a new position in shares of TreeHouse Foods in the 1st quarter worth about $4,021,000. Dynamic Technology Lab Private Ltd bought a new stake in TreeHouse Foods in the 1st quarter valued at about $1,025,000. Sessa Capital IM L.P. lifted its position in TreeHouse Foods by 29.5% in the 1st quarter. Sessa Capital IM L.P. now owns 4,200,000 shares of the company’s stock valued at $113,778,000 after purchasing an additional 957,517 shares during the last quarter. Finally, Petrus Trust Company LTA bought a new stake in shares of TreeHouse Foods during the 1st quarter worth about $545,000. Hedge funds and other institutional investors own 99.81% of the company’s stock.

TreeHouse Foods Stock Down 0.4%

THS stock opened at $23.21 on Thursday. The company has a quick ratio of 0.63, a current ratio of 1.36 and a debt-to-equity ratio of 0.90. TreeHouse Foods has a twelve month low of $20.63 and a twelve month high of $43.84. The business has a 50 day moving average price of $24.13 and a two-hundred day moving average price of $30.40. The company has a market cap of $1.17 billion, a price-to-earnings ratio of 42.98 and a beta of 0.30.

TreeHouse Foods (NYSE:THS) last announced its quarterly earnings data 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 business 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 for the quarter was down 3.5% on a year-over-year basis. During the same period in the prior year, the company earned ($0.03) EPS. Analysts anticipate that TreeHouse Foods will post 1.94 EPS for the current fiscal year.

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.