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

Shares of TreeHouse Foods, Inc. (NYSE:THS) have earned an average rating of “Reduce” from the nine analysts that are presently covering the firm, MarketBeat reports. Two research analysts have rated the stock with a sell recommendation and seven have issued a hold recommendation on the company. The average 12-month price target among analysts that have issued a report on the stock in the last year is $24.6667.

THS has been the topic of a number of recent research reports. Truist Financial boosted their price target on shares of TreeHouse Foods from $20.00 to $22.50 and gave the stock a “hold” rating in a research note on Thursday, November 13th. William Blair cut shares of TreeHouse Foods from an “outperform” rating to a “hold” rating in a report on Tuesday, November 11th. Barclays upped their target price on shares of TreeHouse Foods from $21.00 to $23.00 and gave the stock an “equal weight” rating in a research note on Tuesday, November 11th. Weiss Ratings reissued a “sell (e+)” rating on shares of TreeHouse Foods in a research report on Monday. Finally, Zacks Research downgraded shares of TreeHouse Foods from a “hold” rating to a “strong sell” rating in a research note on Friday, October 24th.

TreeHouse Foods Stock Up 0.1%

NYSE:THS opened at $23.70 on Friday. TreeHouse Foods has a 52 week low of $15.85 and a 52 week high of $40.77. The stock’s fifty day moving average is $22.44 and its two-hundred day moving average is $20.39. The stock has a market capitalization of $1.20 billion, a price-to-earnings ratio of -4.94 and a beta of 0.18. The company has a quick ratio of 0.40, a current ratio of 1.29 and a debt-to-equity ratio of 1.18.

TreeHouse Foods (NYSE:THS) last issued its quarterly earnings data on Monday, November 10th. The company reported $0.43 earnings per share 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 firm had revenue of $841.90 million during the quarter, compared to analyst estimates of $853.53 million. During the same period in the previous year, the firm posted ($0.07) earnings per share. The company’s quarterly revenue was up .1% compared to the same quarter last year. Research analysts anticipate that TreeHouse Foods will post 1.94 EPS for the current year.

Insider Buying and Selling

In related news, SVP Stephen Alan Landry sold 6,097 shares of the business’s stock in a transaction on 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 legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 11.10% of the stock is owned by insiders.

Hedge Funds Weigh In On TreeHouse Foods

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Nuveen LLC purchased a new stake in shares of TreeHouse Foods during the first quarter worth approximately $3,807,000. HighTower Advisors LLC grew its holdings in TreeHouse Foods by 8.9% during the 1st quarter. HighTower Advisors LLC now owns 10,520 shares of the company’s stock worth $285,000 after acquiring an additional 861 shares in the last quarter. Hsbc Holdings PLC increased its position in shares of TreeHouse Foods by 8.8% in the 1st quarter. Hsbc Holdings PLC now owns 9,814 shares of the company’s stock valued at $268,000 after purchasing an additional 790 shares during the last quarter. AlphaQuest LLC raised its holdings in shares of TreeHouse Foods by 351.7% in the 1st quarter. AlphaQuest LLC now owns 10,917 shares of the company’s stock valued at $296,000 after purchasing an additional 8,500 shares in the last quarter. Finally, Comerica Bank lifted its position in shares of TreeHouse Foods by 4.5% during the 1st quarter. Comerica Bank now owns 29,472 shares of the company’s stock worth $798,000 after purchasing an additional 1,265 shares during the last quarter. Hedge funds and other institutional investors own 99.81% of the company’s stock.

TreeHouse Foods Company Profile

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.