Brokerages Set TreeHouse Foods, Inc. (NYSE:THS) PT at $38.17

TreeHouse Foods, Inc. (NYSE:THS) has earned an average rating of “Hold” from the six ratings firms that are covering the firm, Marketbeat.com reports. Six equities research analysts have rated the stock with a hold recommendation. The average 12 month target price among brokers that have covered the stock in the last year is $38.17.

A number of equities research analysts have recently weighed in on the company. StockNews.com lowered TreeHouse Foods from a “hold” rating to a “sell” rating in a research note on Wednesday, May 8th. Stifel Nicolaus dropped their price target on TreeHouse Foods from $38.00 to $36.00 and set a “hold” rating on the stock in a research note on Tuesday, May 7th. Barclays dropped their price target on TreeHouse Foods from $39.00 to $36.00 and set an “equal weight” rating on the stock in a research note on Wednesday, May 8th. TD Cowen dropped 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. Finally, Mizuho initiated coverage on TreeHouse Foods in a report on Thursday, June 6th. They set a “neutral” rating and a $37.00 target price for the company.

TreeHouse Foods Price Performance

THS opened at $36.64 on Monday. The business’s 50-day moving average is $35.97 and its two-hundred day moving average is $38.22. TreeHouse Foods has a 1 year low of $33.28 and a 1 year high of $53.00. The company has a debt-to-equity ratio of 0.87, a current ratio of 1.52 and a quick ratio of 0.66. The firm has a market capitalization of $1.93 billion, a PE ratio of 79.65 and a beta of 0.25.

TreeHouse Foods (NYSE:THS) last issued its quarterly earnings results on Monday, May 6th. The company reported ($0.03) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.02) by ($0.01). TreeHouse Foods had a return on equity of 5.81% and a net margin of 0.76%. The business had revenue of $820.70 million for the quarter, compared to analysts’ expectations of $798.44 million. During the same quarter in the previous year, the firm posted $0.68 EPS. TreeHouse Foods’s revenue was down 3.9% on a year-over-year basis. Research analysts anticipate that TreeHouse Foods will post 2.26 earnings per share for the current fiscal 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 that occurred on Monday, May 13th. The stock was sold at an average price of $34.99, for a total value of $130,267.77. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 0.90% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of THS. Central Pacific Bank Trust Division purchased a new stake in shares of TreeHouse Foods in the first quarter valued at approximately $48,000. GAMMA Investing LLC purchased a new stake in shares of TreeHouse Foods in the fourth quarter valued at approximately $52,000. TFO Wealth Partners LLC increased its position in shares of TreeHouse Foods by 78,600.0% in the fourth quarter. TFO Wealth Partners LLC now owns 2,361 shares of the company’s stock valued at $98,000 after buying an additional 2,358 shares in the last quarter. Quadrant Capital Group LLC increased its position in shares of TreeHouse Foods by 62.2% in the fourth quarter. Quadrant Capital Group LLC now owns 2,469 shares of the company’s stock valued at $102,000 after buying an additional 947 shares in the last quarter. Finally, SG Americas Securities LLC increased its position in shares of TreeHouse Foods by 33.6% in the first quarter. SG Americas Securities LLC now owns 3,875 shares of the company’s stock valued at $151,000 after buying an additional 975 shares in the last quarter. 99.81% of the stock is owned by institutional investors and hedge funds.

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.