TreeHouse Foods, Inc. (NYSE:THS) Receives $34.83 Average Target Price from Analysts

TreeHouse Foods, Inc. (NYSE:THS) has been assigned a consensus recommendation of “Hold” from the seven ratings firms that are currently covering the firm, Marketbeat.com reports. Seven equities research analysts have rated the stock with a hold recommendation. The average 12 month price objective among brokerages that have issued a report on the stock in the last year is $34.83.

Several brokerages have issued reports on THS. Stifel Nicolaus boosted their price target on TreeHouse Foods from $32.00 to $35.00 and gave the company a “hold” rating in a research note on Friday, January 24th. Consumer Edge downgraded TreeHouse Foods from an “overweight” rating to an “equal weight” rating in a research note on Friday, November 15th. Truist Financial dropped their price target on 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 raised their price objective on TreeHouse Foods from $35.00 to $36.00 and gave the company an “equal weight” rating in a research note on Tuesday, February 18th. Finally, StockNews.com raised TreeHouse Foods from a “sell” rating to a “hold” rating in a research report on Tuesday, February 18th.

Institutional Trading of TreeHouse Foods

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Blue Trust Inc. lifted its holdings in shares of TreeHouse Foods by 456.7% in the fourth quarter. Blue Trust Inc. now owns 1,119 shares of the company’s stock valued at $39,000 after purchasing an additional 918 shares in the last quarter. KBC Group NV raised its position in TreeHouse Foods by 40.9% in the 3rd quarter. KBC Group NV now owns 1,943 shares of the company’s stock valued at $82,000 after buying an additional 564 shares during the last quarter. Sterling Capital Management LLC raised its position in TreeHouse Foods by 134.4% in the 4th quarter. Sterling Capital Management LLC now owns 2,374 shares of the company’s stock valued at $83,000 after buying an additional 1,361 shares during the last quarter. CIBC Private Wealth Group LLC lifted its stake in TreeHouse Foods by 58.2% during the 4th quarter. CIBC Private Wealth Group LLC now owns 4,101 shares of the company’s stock valued at $142,000 after acquiring an additional 1,508 shares in the last quarter. Finally, Legacy Wealth Asset Management LLC purchased a new position in TreeHouse Foods during the 4th quarter worth $216,000. 99.81% of the stock is owned by institutional investors.

TreeHouse Foods Price Performance

Shares of NYSE THS opened at $30.36 on Friday. The company has a market capitalization of $1.52 billion, a PE ratio of 56.21 and a beta of 0.15. 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 $28.04 and a twelve month high of $43.84. The firm has a fifty day simple moving average of $33.62 and a 200 day simple moving average of $36.55.

TreeHouse Foods (NYSE:THS) last issued its quarterly earnings results on Friday, February 14th. The company reported $0.95 earnings per share for the quarter, missing analysts’ consensus estimates of $0.97 by ($0.02). The business had revenue of $905.70 million for the quarter, compared to analyst estimates of $907.71 million. TreeHouse Foods had a return on equity of 6.42% and a net margin of 0.80%. The business’s revenue was down .5% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.77 earnings per share. On average, sell-side analysts forecast that TreeHouse Foods will post 1.94 EPS for the current 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.