TreeHouse Foods, Inc. (NYSE:THS) Receives $34.20 Consensus Price Target from Brokerages

Shares of TreeHouse Foods, Inc. (NYSE:THS) have received a consensus recommendation of “Hold” from the six analysts that are presently covering the firm, Marketbeat Ratings reports. Six analysts have rated the stock with a hold rating. The average 12 month target price among brokers that have issued ratings on the stock in the last year is $34.20.

Several analysts recently issued reports on the company. Barclays cut their target price on 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. Stifel Nicolaus cut their target price on TreeHouse Foods from $41.00 to $32.00 and set a “hold” rating on the stock in a research note on Wednesday, November 13th. Truist Financial cut their price objective on TreeHouse Foods from $35.00 to $30.00 and set a “hold” rating on the stock in a research report on Wednesday, November 13th. StockNews.com cut TreeHouse Foods from a “hold” rating to a “sell” rating in a research report on Monday. Finally, Consumer Edge cut TreeHouse Foods from an “overweight” rating to an “equal weight” rating in a research report on Friday, November 15th.

Institutional Trading of TreeHouse Foods

Large investors have recently bought and sold shares of the company. FMR LLC boosted its position in shares of TreeHouse Foods by 28.1% in the 3rd quarter. FMR LLC now owns 2,740,048 shares of the company’s stock worth $115,027,000 after purchasing an additional 600,723 shares in the last quarter. Shapiro Capital Management LLC boosted its position in shares of TreeHouse Foods by 22.0% in the 2nd quarter. Shapiro Capital Management LLC now owns 1,587,415 shares of the company’s stock worth $58,163,000 after purchasing an additional 286,770 shares in the last quarter. New South Capital Management Inc. boosted its position in shares of TreeHouse Foods by 22.4% in the 2nd quarter. New South Capital Management Inc. now owns 1,370,548 shares of the company’s stock worth $50,217,000 after purchasing an additional 250,399 shares in the last quarter. Rubric Capital Management LP bought a new stake in shares of TreeHouse Foods in the 3rd quarter worth approximately $48,011,000. Finally, Capital Research Global Investors boosted its position in shares of TreeHouse Foods by 52.6% in the 1st quarter. Capital Research Global Investors now owns 950,372 shares of the company’s stock worth $37,017,000 after purchasing an additional 327,448 shares in the last quarter. 99.81% of the stock is owned by institutional investors.

TreeHouse Foods Stock Down 2.2 %

THS opened at $34.67 on Thursday. The company has a market cap of $1.78 billion, a P/E ratio of -73.77 and a beta of 0.23. The business’s 50-day moving average price is $38.44 and its 200-day moving average price is $38.16. The company has a current ratio of 1.40, a quick ratio of 0.53 and a debt-to-equity ratio of 0.90. TreeHouse Foods has a 12 month low of $28.04 and a 12 month high of $43.84.

TreeHouse Foods (NYSE:THS) last posted its earnings results on Tuesday, November 12th. The company reported $0.74 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.75 by ($0.01). The business had revenue of $854.40 million during the quarter, compared to the consensus estimate of $881.15 million. TreeHouse Foods had a positive return on equity of 5.94% and a negative net margin of 0.72%. The firm’s revenue for the quarter was down 1.0% compared to the same quarter last year. During the same period in the previous year, the business earned $0.57 earnings per share. On average, equities analysts expect that TreeHouse Foods will post 2.08 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.