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

TreeHouse Foods, Inc. (NYSE:THS) has received an average recommendation of “Hold” from the six analysts that are presently covering the company, Marketbeat reports. Six analysts have rated the stock with a hold recommendation. The average 1 year price objective among analysts that have issued a report on the stock in the last year is $34.20.

THS has been the topic of a number of recent research reports. Barclays dropped 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. StockNews.com upgraded TreeHouse Foods from a “sell” rating to a “hold” rating in a research note on Monday, January 6th. Stifel Nicolaus reduced their target price on shares of TreeHouse Foods from $41.00 to $32.00 and set a “hold” rating for the company in a research note on Wednesday, November 13th. Consumer Edge lowered shares of TreeHouse Foods from an “overweight” rating to an “equal weight” rating in a research report on Friday, November 15th. Finally, Truist Financial cut their price target on shares of TreeHouse Foods from $35.00 to $30.00 and set a “hold” rating on the stock in a report on Wednesday, November 13th.

TreeHouse Foods Stock Performance

Shares of THS stock opened at $33.84 on Friday. 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 firm has a fifty day simple moving average of $34.49 and a two-hundred day simple moving average of $37.79. TreeHouse Foods has a 12 month low of $28.04 and a 12 month high of $43.84. The firm has a market capitalization of $1.73 billion, a PE ratio of -72.00 and a beta of 0.22.

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

Hedge Funds Weigh In On TreeHouse Foods

Several institutional investors have recently added to or reduced their stakes in THS. Jane Street Group LLC increased its position in TreeHouse Foods by 37.7% in the third quarter. Jane Street Group LLC now owns 124,173 shares of the company’s stock worth $5,213,000 after buying an additional 33,978 shares during the last quarter. JPMorgan Chase & Co. grew its stake in shares of TreeHouse Foods by 187.6% during the 3rd quarter. JPMorgan Chase & Co. now owns 316,428 shares of the company’s stock worth $13,284,000 after acquiring an additional 206,411 shares during the period. Harbor Capital Advisors Inc. increased its holdings in TreeHouse Foods by 68.2% in the 3rd quarter. Harbor Capital Advisors Inc. now owns 304,969 shares of the company’s stock worth $12,803,000 after acquiring an additional 123,669 shares during the last quarter. Chartwell Investment Partners LLC bought a new stake in TreeHouse Foods in the 3rd quarter valued at about $8,042,000. Finally, HighTower Advisors LLC lifted its holdings in TreeHouse Foods by 90.8% during the third quarter. HighTower Advisors LLC now owns 11,374 shares of the company’s stock valued at $488,000 after purchasing an additional 5,413 shares during the last quarter. Institutional investors own 99.81% of the company’s stock.

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.