TreeHouse Foods, Inc. (NYSE:THS) Given Average Recommendation of “Reduce” by Brokerages

Shares of TreeHouse Foods, Inc. (NYSE:THS) have earned a consensus rating of “Reduce” from the nine ratings firms that are presently covering the company, Marketbeat.com reports. One equities research analyst has rated the stock with a sell rating and eight have assigned a hold rating to the company. The average 1-year target price among analysts that have updated their coverage on the stock in the last year is $24.6667.

A number of research analysts have commented on the company. Barclays boosted their target price on TreeHouse Foods from $21.00 to $23.00 and gave the company an “equal weight” rating in a research note on Tuesday, November 11th. Weiss Ratings restated a “sell (e+)” rating on shares of TreeHouse Foods in a report on Monday, December 29th. Stifel Nicolaus lifted their target price on shares of TreeHouse Foods from $19.00 to $22.50 and gave the company a “hold” rating in a research note on Tuesday, November 11th. Truist Financial boosted their target price on shares of TreeHouse Foods from $20.00 to $22.50 and gave the stock a “hold” rating in a research report on Thursday, November 13th. Finally, Zacks Research upgraded shares of TreeHouse Foods from a “strong sell” rating to a “hold” rating in a report on Thursday, January 1st.

TreeHouse Foods Stock Performance

THS stock opened at $24.31 on Tuesday. The firm has a 50 day simple moving average of $23.73 and a 200 day simple moving average of $20.73. TreeHouse Foods has a 52 week low of $15.85 and a 52 week high of $40.77. The stock has a market cap of $1.23 billion, a P/E ratio of -5.06 and a beta of 0.17. The company has a debt-to-equity ratio of 1.18, a quick ratio of 0.40 and a current ratio of 1.29.

TreeHouse Foods (NYSE:THS) last issued its earnings results on Monday, November 10th. The company reported $0.43 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.53 by ($0.10). TreeHouse Foods had a negative net margin of 7.25% and a positive return on equity of 5.52%. The company had revenue of $841.90 million for the quarter, compared to analyst estimates of $853.53 million. During the same period last year, the business earned ($0.07) EPS. The company’s quarterly revenue was up .1% on a year-over-year basis. Research analysts anticipate that TreeHouse Foods will post 1.94 earnings per share for the current fiscal year.

Insider Activity

In other news, SVP Stephen Alan Landry sold 6,097 shares of the company’s stock in a transaction dated Tuesday, December 16th. The stock was sold at an average price of $23.79, for a total transaction of $145,047.63. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 11.10% of the company’s stock.

Hedge Funds Weigh In On TreeHouse Foods

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Pullen Investment Management LLC raised its holdings in shares of TreeHouse Foods by 82.2% in the 2nd quarter. Pullen Investment Management LLC now owns 92,355 shares of the company’s stock worth $1,794,000 after buying an additional 41,680 shares in the last quarter. Phocas Financial Corp. grew its position in TreeHouse Foods by 152.1% in the second quarter. Phocas Financial Corp. now owns 287,083 shares of the company’s stock valued at $5,575,000 after acquiring an additional 173,211 shares during the period. Wealth Enhancement Advisory Services LLC acquired a new position in TreeHouse Foods during the second quarter worth $263,000. Bryce Point Capital LLC bought a new position in shares of TreeHouse Foods during the second quarter valued at $676,000. Finally, S&T Bank PA grew its holdings in shares of TreeHouse Foods by 21.6% in the 2nd quarter. S&T Bank PA now owns 122,418 shares of the company’s stock worth $2,377,000 after purchasing an additional 21,779 shares during the last quarter. Institutional investors and hedge funds own 99.81% of the company’s stock.

About TreeHouse Foods

TreeHouse Foods, Inc (NYSE: THS) is a leading manufacturer and supplier of private-label packaged food and beverage products. Headquartered in Oak Brook, Illinois, the company partners with major grocery chains, club retailers and foodservice outlets to develop, produce and distribute a diverse portfolio of items under store brands and, in select categories, under its own labels.

Since its founding in 2005 through the consolidation of several specialty food businesses, TreeHouse Foods has grown primarily through strategic acquisitions and operational integration.