TreeHouse Foods, Inc. (NYSE:THS) Given Average Recommendation of “Hold” by Brokerages

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

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

TreeHouse Foods Stock Performance

Shares of THS opened at $40.65 on Wednesday. The company’s fifty day moving average is $40.58 and its 200-day moving average is $38.10. TreeHouse Foods has a 12 month low of $33.28 and a 12 month high of $43.84. The firm has a market cap of $2.14 billion, a price-to-earnings 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.

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

Insider Buying and Selling at TreeHouse Foods

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

Hedge Funds Weigh In On TreeHouse Foods

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. GAMMA Investing LLC lifted its holdings in shares of TreeHouse Foods by 95.1% during the 3rd quarter. GAMMA Investing LLC now owns 2,519 shares of the company’s stock worth $106,000 after acquiring an additional 1,228 shares during the period. SG Americas Securities LLC lifted its holdings in shares of TreeHouse Foods by 115.7% during the 3rd quarter. SG Americas Securities LLC now owns 22,211 shares of the company’s stock worth $932,000 after acquiring an additional 11,913 shares during the period. Creative Planning bought a new position in shares of TreeHouse Foods during the 2nd quarter worth about $353,000. Mackenzie Financial Corp lifted its holdings in shares of TreeHouse Foods by 16.4% during the 2nd quarter. Mackenzie Financial Corp now owns 11,469 shares of the company’s stock worth $420,000 after acquiring an additional 1,620 shares during the period. Finally, Dark Forest Capital Management LP bought a new position in shares of TreeHouse Foods during the 2nd quarter worth about $234,000. 99.81% of the stock is owned by institutional investors.

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.