Brokerages Set TreeHouse Foods, Inc. (NYSE:THS) Target Price at $40.00

TreeHouse Foods, Inc. (NYSE:THS) has received a consensus recommendation of “Hold” from the six analysts that are currently covering the firm, Marketbeat reports. Six equities research analysts have rated the stock with a hold rating. The average 12-month price target among analysts that have issued a report on the stock in the last year is $40.00.

A number of brokerages recently issued reports on THS. Mizuho increased their target price on shares of TreeHouse Foods from $37.00 to $40.00 and gave the stock a “neutral” rating in a research report on Monday, August 26th. Stifel Nicolaus increased their target price on shares of TreeHouse Foods from $36.00 to $41.00 and gave the stock a “hold” rating in a research report on Tuesday, August 6th. StockNews.com upgraded shares of TreeHouse Foods from a “sell” rating to a “hold” rating in a research report on Tuesday, August 6th. Finally, Barclays raised their price objective on shares of TreeHouse Foods from $36.00 to $39.00 and gave the company an “equal weight” rating in a research report on Tuesday, August 6th.

Insider Buying and Selling at TreeHouse Foods

In other news, EVP Kristy N. Waterman sold 3,000 shares of the firm’s stock in a transaction dated Monday, August 26th. The shares were sold at an average price of $42.34, for a total value of $127,020.00. Following the transaction, the executive vice president now owns 20,784 shares of the company’s stock, valued at approximately $879,994.56. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 0.90% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of THS. Norges Bank bought a new position in TreeHouse Foods during the 4th quarter worth approximately $13,547,000. TFO Wealth Partners LLC boosted its stake in TreeHouse Foods by 78,600.0% during the 4th quarter. TFO Wealth Partners LLC now owns 2,361 shares of the company’s stock worth $98,000 after acquiring an additional 2,358 shares during the last quarter. Capital Research Global Investors boosted its stake in TreeHouse Foods by 31.5% during the 4th quarter. Capital Research Global Investors now owns 622,924 shares of the company’s stock worth $25,820,000 after acquiring an additional 149,268 shares during the last quarter. Gabelli Funds LLC boosted its stake in TreeHouse Foods by 11.8% during the 4th quarter. Gabelli Funds LLC now owns 128,725 shares of the company’s stock worth $5,336,000 after acquiring an additional 13,575 shares during the last quarter. Finally, Seven Eight Capital LP bought a new position in TreeHouse Foods during the 4th quarter worth approximately $803,000. Institutional investors own 99.81% of the company’s stock.

TreeHouse Foods Trading Up 1.7 %

Shares of TreeHouse Foods stock opened at $40.65 on Wednesday. The stock has a market capitalization of $2.14 billion, a P/E ratio of 88.37 and a beta of 0.22. The company has a quick ratio of 0.52, a current ratio of 1.44 and a debt-to-equity ratio of 0.90. The company has a 50-day simple moving average of $40.58 and a 200 day simple moving average of $38.10. TreeHouse Foods has a 12-month low of $33.28 and a 12-month high of $43.84.

TreeHouse Foods (NYSE:THS) last announced its earnings results on Monday, August 5th. The company reported $0.29 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.13 by $0.16. The business had revenue of $788.50 million during the quarter, compared to analysts’ expectations of $784.10 million. TreeHouse Foods had a negative net margin of 0.41% and a positive return on equity of 5.42%. The firm’s revenue for the quarter was down 1.9% on a year-over-year basis. During the same quarter last year, the company posted $0.42 EPS. Research analysts expect that TreeHouse Foods will post 2.34 earnings per share 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.