TreeHouse Foods, Inc. (NYSE:THS) Receives $34.20 Consensus Target Price from Brokerages

Shares of TreeHouse Foods, Inc. (NYSE:THS) have been assigned an average rating of “Hold” from the six research firms that are presently covering the company, Marketbeat reports. Six equities research analysts have rated the stock with a hold rating. The average 1 year price target among analysts that have issued ratings on the stock in the last year is $34.20.

Several brokerages have commented on THS. StockNews.com raised TreeHouse Foods from a “sell” rating to a “hold” rating in a report on Monday, January 6th. Consumer Edge lowered TreeHouse Foods from an “overweight” rating to an “equal weight” rating in a research note on Friday, November 15th. Truist Financial decreased their target price on shares of TreeHouse Foods from $35.00 to $30.00 and set a “hold” rating for the company in a research report on Wednesday, November 13th. Barclays dropped their price target on shares of TreeHouse Foods from $39.00 to $32.00 and set an “equal weight” rating on the stock in a research report on Wednesday, November 13th. Finally, Stifel Nicolaus decreased their price objective on shares of TreeHouse Foods from $41.00 to $32.00 and set a “hold” rating for the company in a research report on Wednesday, November 13th.

Institutional Trading of TreeHouse Foods

Large investors have recently modified their holdings of the stock. Signaturefd LLC increased its stake in TreeHouse Foods by 42.1% in the third quarter. Signaturefd LLC now owns 999 shares of the company’s stock valued at $42,000 after purchasing an additional 296 shares in the last quarter. Canada Pension Plan Investment Board bought a new position in shares of TreeHouse Foods during the 2nd quarter worth about $37,000. KBC Group NV grew its stake in shares of TreeHouse Foods by 40.9% in the 3rd quarter. KBC Group NV now owns 1,943 shares of the company’s stock valued at $82,000 after buying an additional 564 shares during the period. GAMMA Investing LLC increased 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 valued at $106,000 after buying an additional 1,228 shares in the last quarter. Finally, Quest Partners LLC raised its stake in TreeHouse Foods by 173.1% during the 2nd quarter. Quest Partners LLC now owns 3,387 shares of the company’s stock worth $124,000 after buying an additional 2,147 shares during the period. Institutional investors and hedge funds own 99.81% of the company’s stock.

TreeHouse Foods Stock Performance

TreeHouse Foods stock opened at $33.84 on Friday. The business has a 50 day moving average of $34.49 and a 200-day moving average of $37.79. The company has a market capitalization of $1.73 billion, a P/E ratio of -72.00 and a beta of 0.22. TreeHouse Foods has a 1 year low of $28.04 and a 1 year high of $43.84. The company has a debt-to-equity ratio of 0.90, a current ratio of 1.40 and a quick ratio of 0.53.

TreeHouse Foods (NYSE:THS) last announced 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 business 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% compared to the same quarter last year. During the same quarter last year, the company posted $0.57 earnings per share. On average, equities research analysts predict that TreeHouse Foods will post 1.96 earnings per share for the current year.

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.