TreeHouse Foods, Inc. (NYSE:THS) Given Average Rating of "Hold" by Brokerages

Shares of TreeHouse Foods, Inc. (NYSE:THS - Get Free Report) have received an average rating of "Hold" from the six research firms that are covering the stock, MarketBeat reports. Six investment analysts have rated the stock with a hold rating. The average 12 month price target among brokers that have issued ratings on the stock in the last year is $34.20.

Several research firms recently commented on THS. Stifel Nicolaus dropped their target price on TreeHouse Foods from $41.00 to $32.00 and set a "hold" rating on the stock in a report on Wednesday, November 13th. Truist Financial lowered 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. Consumer Edge cut shares of TreeHouse Foods from an "overweight" rating to an "equal weight" rating in a report on Friday, November 15th. Mizuho boosted their price objective on TreeHouse Foods from $37.00 to $40.00 and gave the company a "neutral" rating in a research report on Monday, August 26th. Finally, Barclays reduced their price objective on shares of TreeHouse Foods from $39.00 to $32.00 and set an "equal weight" rating for the company in a research report on Wednesday, November 13th.

TreeHouse Foods Stock Performance

THS opened at $34.24 on Thursday. The company has a current ratio of 1.40, a quick ratio of 0.53 and a debt-to-equity ratio of 0.90. TreeHouse Foods has a 12-month low of $28.04 and a 12-month high of $43.84. The firm has a 50 day moving average of $39.03 and a two-hundred day moving average of $38.13. The firm has a market capitalization of $1.75 billion, a PE ratio of -72.85 and a beta of 0.23.

TreeHouse Foods (NYSE:THS - Get Free Report) last issued its 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 for the quarter, compared to analysts' expectations of $881.15 million. TreeHouse Foods had a positive return on equity of 5.94% and a negative net margin of 0.72%. The company's revenue for the quarter was down 1.0% on a year-over-year basis. During the same period last year, the business earned $0.57 EPS. On average, analysts anticipate that TreeHouse Foods will post 2.15 EPS for the current year.

Insider Transactions at TreeHouse Foods

In related news, EVP Kristy N. Waterman sold 3,000 shares of TreeHouse Foods stock in a transaction that occurred on Monday, August 26th. The stock was sold at an average price of $42.34, for a total transaction of $127,020.00. Following the transaction, the executive vice president now owns 20,784 shares in the company, valued at approximately $879,994.56. This trade represents a 12.61 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Insiders own 0.90% of the company's stock.

Institutional Trading of TreeHouse Foods

Several large investors have recently added to or reduced their stakes in THS. FMR LLC boosted its position in shares of TreeHouse Foods by 28.1% during the 3rd quarter. FMR LLC now owns 2,740,048 shares of the company's stock valued at $115,027,000 after acquiring an additional 600,723 shares during the last quarter. Shapiro Capital Management LLC grew its stake in shares of TreeHouse Foods by 22.0% in the 2nd quarter. Shapiro Capital Management LLC now owns 1,587,415 shares of the company's stock valued at $58,163,000 after buying an additional 286,770 shares during the period. New South Capital Management Inc. increased its holdings in shares of TreeHouse Foods by 22.4% during the 2nd quarter. New South Capital Management Inc. now owns 1,370,548 shares of the company's stock worth $50,217,000 after buying an additional 250,399 shares during the last quarter. Rubric Capital Management LP purchased a new stake in shares of TreeHouse Foods during the 3rd quarter valued at approximately $48,011,000. Finally, Capital Research Global Investors lifted its holdings in TreeHouse Foods by 52.6% in the first quarter. Capital Research Global Investors now owns 950,372 shares of the company's stock valued at $37,017,000 after acquiring an additional 327,448 shares during the last quarter. 99.81% of the stock is currently owned by hedge funds and other institutional investors.

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.