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

TreeHouse Foods, Inc. (NYSE:THS) has been given an average rating of “Reduce” by the nine analysts that are covering the stock, Marketbeat reports. One research analyst has rated the stock with a sell recommendation and eight have assigned a hold recommendation to the company. The average 1-year price objective among analysts that have updated their coverage on the stock in the last year is $24.6667.

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

Insiders Place Their Bets

In related news, Director Jana Partners Management, Lp sold 1,959,221 shares of the business’s stock in a transaction that occurred on Tuesday, February 10th. The stock was sold at an average price of $24.48, for a total value of $47,961,730.08. Following the completion of the sale, the director directly owned 3,862,116 shares in the company, valued at approximately $94,544,599.68. The trade was a 33.66% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, SVP Stephen Alan Landry sold 6,097 shares of the stock in a transaction that occurred on Tuesday, December 16th. The stock was sold at an average price of $23.79, for a total value of $145,047.63. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 11.10% of the company’s stock.

Institutional Trading of TreeHouse Foods

Several large investors have recently modified their holdings of THS. State Street Corp increased its position in shares of TreeHouse Foods by 0.9% in the fourth quarter. State Street Corp now owns 1,838,822 shares of the company’s stock worth $43,378,000 after purchasing an additional 16,055 shares during the period. Charles Schwab Investment Management Inc. grew its stake in TreeHouse Foods by 8.9% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,169,677 shares of the company’s stock worth $27,593,000 after buying an additional 95,134 shares in the last quarter. Geode Capital Management LLC grew its stake in TreeHouse Foods by 4.8% during the second quarter. Geode Capital Management LLC now owns 1,138,099 shares of the company’s stock worth $22,105,000 after buying an additional 52,130 shares in the last quarter. Ameriprise Financial Inc. increased its holdings in TreeHouse Foods by 74.6% in the 3rd quarter. Ameriprise Financial Inc. now owns 680,279 shares of the company’s stock valued at $13,748,000 after buying an additional 290,729 shares during the period. Finally, Arrowstreet Capital Limited Partnership raised its position in shares of TreeHouse Foods by 11.6% in the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 604,084 shares of the company’s stock valued at $12,209,000 after buying an additional 62,658 shares in the last quarter. 99.81% of the stock is owned by institutional investors and hedge funds.

TreeHouse Foods Stock Performance

Shares of THS stock opened at $24.43 on Friday. The company has a market capitalization of $1.23 billion, a price-to-earnings ratio of -5.09 and a beta of 0.18. The company has a debt-to-equity ratio of 1.18, a quick ratio of 0.40 and a current ratio of 1.29. The company has a 50-day simple moving average of $24.07 and a 200 day simple moving average of $21.25. TreeHouse Foods has a 52 week low of $15.85 and a 52 week high of $40.77.

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.