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

Shares of TreeHouse Foods, Inc. (NYSE:THS) have received a consensus rating of “Hold” from the seven brokerages that are covering the firm, MarketBeat reports. Seven investment analysts have rated the stock with a hold rating. The average 1-year target price among brokers that have updated their coverage on the stock in the last year is $27.83.

A number of equities research analysts have recently weighed in on the stock. Jefferies Financial Group reduced their price objective on shares of TreeHouse Foods from $37.00 to $31.00 and set a “hold” rating on the stock in a report on Tuesday, February 18th. Stifel Nicolaus cut their price target on shares of TreeHouse Foods from $26.00 to $24.00 and set a “hold” rating on the stock in a research note on Thursday, April 24th. Wall Street Zen upgraded shares of TreeHouse Foods from a “sell” rating to a “hold” rating in a research note on Tuesday, February 18th. TD Cowen cut their price target on shares of TreeHouse Foods from $32.00 to $27.00 and set a “hold” rating on the stock in a research note on Friday, April 11th. Finally, Truist Financial cut their price target on shares of TreeHouse Foods from $25.00 to $20.00 and set a “hold” rating on the stock in a research note on Thursday, May 8th.

TreeHouse Foods Stock Performance

Shares of THS stock opened at $20.73 on Monday. 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 52 week low of $20.63 and a 52 week high of $43.84. The stock has a market capitalization of $1.05 billion, a PE ratio of 38.39 and a beta of 0.28. The firm has a 50 day moving average of $22.48 and a two-hundred day moving average of $28.69.

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, beating analysts’ consensus estimates of ($0.21) by $0.24. TreeHouse Foods had a net margin of 0.80% and a return on equity of 6.42%. The business had revenue of $792.00 million for the quarter, compared to analyst estimates of $789.66 million. During the same period last year, the business earned ($0.03) EPS. The company’s revenue was down 3.5% on a year-over-year basis. On average, research analysts predict that TreeHouse Foods will post 1.94 EPS for the current fiscal year.

Insider Buying and Selling at TreeHouse Foods

In other news, CEO Steven Oakland bought 4,660 shares of the stock in a transaction dated Thursday, May 8th. The shares were acquired at an average price of $21.46 per share, with a total value of $100,003.60. Following the completion of the acquisition, the chief executive officer now directly owns 369,521 shares in the company, valued at approximately $7,929,920.66. The trade was a 1.28% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Jana Partners Management, Lp bought 124,785 shares of the stock in a transaction dated Thursday, May 8th. The stock was purchased at an average cost of $21.85 per share, for a total transaction of $2,726,552.25. Following the acquisition, the director now owns 5,040,533 shares of the company’s stock, valued at approximately $110,135,646.05. This represents a 2.54% increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last three months, insiders have acquired 147,123 shares of company stock worth $3,234,741. 11.10% of the stock is owned by company insiders.

Institutional Trading of TreeHouse Foods

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Intech Investment Management LLC boosted its holdings in shares of TreeHouse Foods by 104.6% in the first quarter. Intech Investment Management LLC now owns 48,058 shares of the company’s stock valued at $1,302,000 after acquiring an additional 24,564 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its holdings 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 valued at $3,221,000 after acquiring an additional 1,599 shares in the last quarter. Empowered Funds LLC purchased a new stake in shares of TreeHouse Foods in the first quarter valued at about $4,021,000. Dynamic Technology Lab Private Ltd purchased a new stake in shares of TreeHouse Foods in the first quarter valued at about $1,025,000. Finally, Sessa Capital IM L.P. boosted its holdings in shares of TreeHouse Foods by 29.5% in the first quarter. Sessa Capital IM L.P. now owns 4,200,000 shares of the company’s stock valued at $113,778,000 after acquiring an additional 957,517 shares in the last quarter. 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.