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

TreeHouse Foods, Inc. (NYSE:THS) has received a consensus rating of “Hold” from the six research firms that are currently covering the company, Marketbeat.com reports. Six research analysts have rated the stock with a hold rating. The average 12 month target price among brokerages that have covered the stock in the last year is $34.20.

Several equities research analysts recently issued reports on the company. Consumer Edge downgraded TreeHouse Foods from an “overweight” rating to an “equal weight” rating in a report on Friday, November 15th. Barclays cut their price target on shares of TreeHouse Foods from $39.00 to $32.00 and set an “equal weight” rating on the stock in a research note on Wednesday, November 13th. Mizuho raised their price objective on shares of TreeHouse Foods from $37.00 to $40.00 and gave the company a “neutral” rating in a research note on Monday, August 26th. Truist Financial cut 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. Finally, StockNews.com lowered shares of TreeHouse Foods from a “hold” rating to a “sell” rating in a report on Monday.

Hedge Funds Weigh In On TreeHouse Foods

A number of institutional investors and hedge funds have recently modified their holdings of the company. Canada Pension Plan Investment Board purchased a new position in TreeHouse Foods in the second quarter valued at approximately $37,000. Signaturefd LLC boosted its holdings in shares of TreeHouse Foods by 42.1% in the 3rd quarter. Signaturefd LLC now owns 999 shares of the company’s stock valued at $42,000 after buying an additional 296 shares in the last quarter. Innealta Capital LLC purchased a new position in shares of TreeHouse Foods in the 2nd quarter valued at $44,000. GAMMA Investing LLC raised its stake in TreeHouse Foods by 304.7% during the 2nd quarter. GAMMA Investing LLC now owns 1,291 shares of the company’s stock worth $47,000 after acquiring an additional 972 shares in the last quarter. Finally, Rothschild Investment LLC acquired a new stake in TreeHouse Foods during the 2nd quarter worth $67,000. Institutional investors and hedge funds own 99.81% of the company’s stock.

TreeHouse Foods Price Performance

Shares of THS opened at $35.03 on Thursday. The firm has a 50-day simple moving average of $38.76 and a two-hundred day simple moving average of $38.16. The stock has a market cap of $1.79 billion, a PE ratio of -74.53 and a beta of 0.23. TreeHouse Foods has a 1-year low of $28.04 and a 1-year high of $43.84. The company has a debt-to-equity ratio of 0.90, a current ratio of 1.40 and a quick ratio of 0.53.

TreeHouse Foods (NYSE:THS) last posted its quarterly earnings data on Tuesday, November 12th. The company reported $0.74 earnings per share for the quarter, missing analysts’ consensus estimates of $0.75 by ($0.01). TreeHouse Foods had a positive return on equity of 5.94% and a negative net margin of 0.72%. The company had revenue of $854.40 million for the quarter, compared to analysts’ expectations of $881.15 million. During the same period in the previous year, the business posted $0.57 EPS. The business’s revenue for the quarter was down 1.0% on a year-over-year basis. As a group, analysts forecast that TreeHouse Foods will post 2.08 EPS for the current year.

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.