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

TreeHouse Foods, Inc. (NYSE:THS) has earned an average rating of “Hold” from the six analysts that are currently covering the company, Marketbeat reports. Six equities research analysts have rated the stock with a hold rating. The average 12 month target price among analysts that have issued a report on the stock in the last year is $35.40.

THS has been the topic of a number of recent analyst reports. Consumer Edge lowered shares of TreeHouse Foods from an “overweight” rating to an “equal weight” rating in a research note on Friday, November 15th. 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 note on Wednesday, November 13th. Stifel Nicolaus lifted their target price on TreeHouse Foods from $32.00 to $35.00 and gave the stock a “hold” rating in a research report on Friday, January 24th. Barclays upped their price target on TreeHouse Foods from $32.00 to $35.00 and gave the company an “equal weight” rating in a research report on Friday, January 17th. Finally, StockNews.com downgraded shares of TreeHouse Foods from a “hold” rating to a “sell” rating in a report on Monday.

TreeHouse Foods Stock Performance

Shares of THS opened at $33.55 on Tuesday. The firm has a market cap of $1.72 billion, a price-to-earnings ratio of -71.37 and a beta of 0.22. The company has a quick ratio of 0.53, a current ratio of 1.40 and a debt-to-equity ratio of 0.90. The business’s 50 day moving average is $34.30 and its two-hundred day moving average is $37.35. TreeHouse Foods has a 52-week low of $28.04 and a 52-week high of $43.84.

TreeHouse Foods (NYSE:THS) last posted its quarterly 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 company had revenue of $854.40 million during the quarter, compared to analyst estimates 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 was down 1.0% on a year-over-year basis. During the same period in the prior year, the company earned $0.57 earnings per share. Analysts forecast that TreeHouse Foods will post 1.96 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the stock. Blue Trust Inc. boosted its holdings in shares of TreeHouse Foods by 456.7% during the fourth quarter. Blue Trust Inc. now owns 1,119 shares of the company’s stock valued at $39,000 after acquiring an additional 918 shares during the period. Signaturefd LLC lifted its position in TreeHouse Foods by 42.1% in the 3rd quarter. Signaturefd LLC now owns 999 shares of the company’s stock valued at $42,000 after purchasing an additional 296 shares during the last quarter. KBC Group NV boosted its stake in TreeHouse Foods by 40.9% during the 3rd quarter. KBC Group NV now owns 1,943 shares of the company’s stock valued at $82,000 after purchasing an additional 564 shares during the period. GAMMA Investing LLC grew its position in TreeHouse Foods by 95.1% in the 3rd quarter. GAMMA Investing LLC now owns 2,519 shares of the company’s stock worth $106,000 after purchasing an additional 1,228 shares during the last quarter. Finally, Legacy Wealth Asset Management LLC acquired a new stake in shares of TreeHouse Foods in the fourth quarter valued at approximately $216,000. 99.81% of the stock is currently owned by institutional investors.

TreeHouse Foods Company Profile

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.