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

TreeHouse Foods, Inc. (NYSE:THS - Get Free Report) has received a consensus recommendation of "Hold" from the six brokerages that are currently covering the firm, Marketbeat.com reports. Six equities research analysts have rated the stock with a hold rating. The average 12 month target price among brokers that have issued a report on the stock in the last year is $34.20.

Several research analysts recently issued reports on the stock. Barclays decreased their price target on shares of TreeHouse Foods from $39.00 to $32.00 and set an "equal weight" rating for the company in a research note on Wednesday, November 13th. 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 note on Wednesday, November 13th. StockNews.com raised TreeHouse Foods from a "sell" rating to a "hold" rating in a research report on Monday. Stifel Nicolaus reduced their price objective on TreeHouse Foods from $41.00 to $32.00 and set a "hold" rating for the company in a research report on Wednesday, November 13th. Finally, Consumer Edge downgraded TreeHouse Foods from an "overweight" rating to an "equal weight" rating in a report on Friday, November 15th.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of THS. JPMorgan Chase & Co. raised its position in TreeHouse Foods by 187.6% in the 3rd quarter. JPMorgan Chase & Co. now owns 316,428 shares of the company's stock worth $13,284,000 after buying an additional 206,411 shares during the last quarter. Barclays PLC grew its stake in shares of TreeHouse Foods by 7.0% in the third quarter. Barclays PLC now owns 337,657 shares of the company's stock worth $14,175,000 after acquiring an additional 21,951 shares during the period. Dean Investment Associates LLC raised its holdings in shares of TreeHouse Foods by 49.4% during the third quarter. Dean Investment Associates LLC now owns 97,799 shares of the company's stock valued at $4,106,000 after purchasing an additional 32,336 shares during the last quarter. Jane Street Group LLC lifted its position in TreeHouse Foods by 37.7% during the third quarter. Jane Street Group LLC now owns 124,173 shares of the company's stock valued at $5,213,000 after purchasing an additional 33,978 shares during the period. Finally, HighTower Advisors LLC boosted its holdings in TreeHouse Foods by 90.8% in the third quarter. HighTower Advisors LLC now owns 11,374 shares of the company's stock worth $488,000 after purchasing an additional 5,413 shares during the last quarter. 99.81% of the stock is owned by institutional investors.

TreeHouse Foods Trading Down 3.5 %

Shares of NYSE THS traded down $1.20 during midday trading on Friday, hitting $33.35. 924,202 shares of the company traded hands, compared to its average volume of 571,117. TreeHouse Foods has a 12-month low of $28.04 and a 12-month high of $43.84. The firm has a market cap of $1.71 billion, a P/E ratio of -70.96 and a beta of 0.22. The stock has a 50-day moving average price of $34.64 and a 200 day moving average price of $37.83. The company has a debt-to-equity ratio of 0.90, a quick ratio of 0.53 and a current ratio of 1.40.

TreeHouse Foods (NYSE:THS - Get Free Report) last announced 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). TreeHouse Foods had a positive return on equity of 5.94% and a negative net margin of 0.72%. The firm had revenue of $854.40 million during the quarter, compared to the consensus estimate of $881.15 million. During the same period in the prior year, the company posted $0.57 EPS. The firm's revenue was down 1.0% on a year-over-year basis. As a group, analysts expect that TreeHouse Foods will post 1.96 earnings per share for the current year.

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.