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

Shares of TreeHouse Foods, Inc. (NYSE:THS) have received a consensus recommendation of “Hold” from the six brokerages that are currently covering the company, MarketBeat reports. Six equities research analysts have rated the stock with a hold rating. The average twelve-month price target among brokers that have covered the stock in the last year is $34.20.

A number of analysts recently commented on THS shares. Stifel Nicolaus dropped their price target on TreeHouse Foods from $41.00 to $32.00 and set a “hold” rating for the company in a research note on Wednesday, November 13th. StockNews.com cut shares of TreeHouse Foods from a “hold” rating to a “sell” rating in a research report on Thursday, December 12th. Consumer Edge cut shares of TreeHouse Foods from an “overweight” rating to an “equal weight” rating in a research report on Friday, November 15th. Truist Financial lowered their price objective on shares of TreeHouse Foods from $35.00 to $30.00 and set a “hold” rating for the company in a report on Wednesday, November 13th. Finally, Barclays reduced their target price on TreeHouse Foods from $39.00 to $32.00 and set an “equal weight” rating on the stock in a report on Wednesday, November 13th.

Hedge Funds Weigh In On TreeHouse Foods

Several large investors have recently made changes to their positions in THS. FMR LLC raised 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 during the last quarter. Shapiro Capital Management LLC increased its stake in TreeHouse Foods by 22.0% during the 2nd quarter. Shapiro Capital Management LLC now owns 1,587,415 shares of the company’s stock valued at $58,163,000 after purchasing an additional 286,770 shares in the last quarter. New South Capital Management Inc. raised its holdings in TreeHouse Foods by 22.4% in the second quarter. New South Capital Management Inc. now owns 1,370,548 shares of the company’s stock worth $50,217,000 after buying an additional 250,399 shares during the last quarter. Rubric Capital Management LP bought a new position in shares of TreeHouse Foods in the third quarter worth approximately $48,011,000. Finally, Charles Schwab Investment Management Inc. lifted its stake in shares of TreeHouse Foods by 1.7% in the third quarter. Charles Schwab Investment Management Inc. now owns 868,451 shares of the company’s stock worth $36,458,000 after buying an additional 14,297 shares in the last quarter. 99.81% of the stock is currently owned by hedge funds and other institutional investors.

TreeHouse Foods Stock Performance

Shares of NYSE:THS opened at $33.63 on Monday. The company has a current ratio of 1.40, a quick ratio of 0.53 and a debt-to-equity ratio of 0.90. The company has a 50-day moving average price of $35.99 and a 200-day moving average price of $37.97. The company has a market cap of $1.72 billion, a price-to-earnings ratio of -71.55 and a beta of 0.23. TreeHouse Foods has a 12 month low of $28.04 and a 12 month high of $43.84.

TreeHouse Foods (NYSE:THS) last released its quarterly earnings results on Tuesday, November 12th. The company reported $0.74 EPS for the quarter, missing analysts’ consensus estimates of $0.75 by ($0.01). The business had revenue of $854.40 million for the quarter, compared to the consensus estimate of $881.15 million. TreeHouse Foods had a negative net margin of 0.72% and a positive return on equity of 5.94%. The company’s revenue for the quarter was down 1.0% on a year-over-year basis. During the same period in the previous year, the company earned $0.57 EPS. As a group, equities analysts anticipate that TreeHouse Foods will post 1.96 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.