Brokerages Set TreeHouse Foods, Inc. (NYSE:THS) PT at $24.67

TreeHouse Foods, Inc. (NYSE:THS) has been assigned a consensus rating of “Reduce” from the nine analysts that are covering the firm, Marketbeat reports. Two analysts have rated the stock with a sell rating and seven have issued a hold rating on the company. The average 12-month target price among brokerages that have updated their coverage on the stock in the last year is $24.6667.

A number of equities research analysts recently weighed in on the stock. Truist Financial upped their target price on shares of TreeHouse Foods from $20.00 to $22.50 and gave the stock a “hold” rating in a report on Thursday, November 13th. Weiss Ratings reissued a “sell (e+)” rating on shares of TreeHouse Foods in a report on Monday. Zacks Research lowered TreeHouse Foods from a “hold” rating to a “strong sell” rating in a report on Friday, October 24th. William Blair cut TreeHouse Foods from an “outperform” rating to a “hold” rating in a research report on Tuesday, November 11th. Finally, Barclays increased their price target on TreeHouse Foods from $21.00 to $23.00 and gave the company an “equal weight” rating in a research report on Tuesday, November 11th.

Insider Activity at TreeHouse Foods

In related news, SVP Stephen Alan Landry sold 6,097 shares of the firm’s stock in a transaction dated Tuesday, December 16th. The shares were sold at an average price of $23.79, for a total transaction of $145,047.63. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 11.10% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On TreeHouse Foods

Institutional investors have recently added to or reduced their stakes in the company. Sessa Capital IM L.P. lifted its position in shares of TreeHouse Foods by 29.5% during the 1st quarter. Sessa Capital IM L.P. now owns 4,200,000 shares of the company’s stock worth $113,778,000 after buying an additional 957,517 shares in the last quarter. Two Sigma Investments LP increased its position in shares of TreeHouse Foods by 483.4% during the third quarter. Two Sigma Investments LP now owns 379,089 shares of the company’s stock valued at $7,661,000 after acquiring an additional 314,110 shares during the last quarter. Ameriprise Financial Inc. lifted its holdings in TreeHouse Foods by 74.6% during the third quarter. Ameriprise Financial Inc. now owns 680,279 shares of the company’s stock worth $13,748,000 after acquiring an additional 290,729 shares during the period. Marshall Wace LLP boosted its position in TreeHouse Foods by 379.3% in the second quarter. Marshall Wace LLP now owns 332,730 shares of the company’s stock worth $6,462,000 after purchasing an additional 263,303 shares during the last quarter. Finally, Bridgeway Capital Management LLC purchased a new position in TreeHouse Foods in the first quarter worth $6,730,000. 99.81% of the stock is owned by institutional investors.

TreeHouse Foods Stock Performance

NYSE THS opened at $23.70 on Friday. The company has a fifty day simple moving average of $22.44 and a 200 day simple moving average of $20.39. TreeHouse Foods has a 12-month low of $15.85 and a 12-month high of $40.77. The company has a current ratio of 1.29, a quick ratio of 0.40 and a debt-to-equity ratio of 1.18. The company has a market cap of $1.20 billion, a P/E ratio of -4.94 and a beta of 0.18.

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

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.