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

Shares of TreeHouse Foods, Inc. (NYSE:THS) have received a consensus rating of “Hold” from the six ratings firms that are covering the stock, MarketBeat.com reports. Six investment analysts have rated the stock with a hold recommendation. The average 1-year price objective among brokers that have issued a report on the stock in the last year is $38.17.

Several brokerages recently issued reports on THS. Stifel Nicolaus reduced their price target on shares of TreeHouse Foods from $38.00 to $36.00 and set a “hold” rating on the stock in a research report on Tuesday, May 7th. Mizuho started coverage on shares of TreeHouse Foods in a research note on Thursday, June 6th. They set a “neutral” rating and a $37.00 price objective on the stock. TD Cowen cut their price target on TreeHouse Foods from $38.00 to $37.00 and set a “hold” rating on the stock in a research note on Tuesday, May 7th. Barclays dropped their target price on TreeHouse Foods from $39.00 to $36.00 and set an “equal weight” rating on the stock in a report on Wednesday, May 8th. Finally, StockNews.com cut shares of TreeHouse Foods from a “hold” rating to a “sell” rating in a research note on Wednesday, May 8th.

TreeHouse Foods Stock Up 1.7 %

Shares of NYSE:THS opened at $38.56 on Friday. The stock’s 50-day moving average is $36.45 and its 200 day moving average is $37.74. The company has a market cap of $2.03 billion, a PE ratio of 83.83 and a beta of 0.24. The company has a debt-to-equity ratio of 0.87, a current ratio of 1.52 and a quick ratio of 0.66. TreeHouse Foods has a 1 year low of $33.28 and a 1 year high of $53.00.

TreeHouse Foods (NYSE:THS) last posted its earnings results on Monday, May 6th. The company reported ($0.03) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.02) by ($0.01). TreeHouse Foods had a net margin of 0.76% and a return on equity of 5.81%. The business had revenue of $820.70 million for the quarter, compared to analysts’ expectations of $798.44 million. During the same period last year, the firm posted $0.68 earnings per share. TreeHouse Foods’s quarterly revenue was down 3.9% on a year-over-year basis. Sell-side analysts anticipate that TreeHouse Foods will post 2.26 EPS for the current year.

Insider Buying and Selling

In other TreeHouse Foods news, SVP Stephen Alan Landry sold 3,723 shares of the business’s stock in a transaction dated Monday, May 13th. The stock was sold at an average price of $34.99, for a total transaction of $130,267.77. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 0.90% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On TreeHouse Foods

A number of hedge funds have recently modified their holdings of THS. Texas Permanent School Fund Corp lifted its position in TreeHouse Foods by 1.3% during the first quarter. Texas Permanent School Fund Corp now owns 44,042 shares of the company’s stock valued at $1,715,000 after purchasing an additional 570 shares in the last quarter. ProShare Advisors LLC grew its stake in shares of TreeHouse Foods by 6.0% during the 1st quarter. ProShare Advisors LLC now owns 10,227 shares of the company’s stock valued at $398,000 after acquiring an additional 579 shares during the period. Wedge Capital Management L L P NC increased its holdings in TreeHouse Foods by 2.3% in the 2nd quarter. Wedge Capital Management L L P NC now owns 36,945 shares of the company’s stock worth $1,354,000 after acquiring an additional 846 shares in the last quarter. Quadrant Capital Group LLC raised its stake in TreeHouse Foods by 62.2% during the 4th quarter. Quadrant Capital Group LLC now owns 2,469 shares of the company’s stock worth $102,000 after acquiring an additional 947 shares during the period. Finally, GAMMA Investing LLC boosted its position in shares of TreeHouse Foods by 304.7% in the second quarter. GAMMA Investing LLC now owns 1,291 shares of the company’s stock worth $47,000 after purchasing an additional 972 shares during the period. Institutional investors own 99.81% of the company’s stock.

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.