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

Shares of TreeHouse Foods, Inc. (NYSE:THS) have been assigned an average recommendation of “Hold” from the five brokerages that are presently covering the firm, Marketbeat reports. Five analysts have rated the stock with a hold recommendation. The average 12 month price target among brokerages that have updated their coverage on the stock in the last year is $46.67.

Separately, Truist Financial downgraded shares of TreeHouse Foods from a “buy” rating to a “hold” rating and dropped their target price for the stock from $45.00 to $35.00 in a research report on Tuesday, February 20th.

TreeHouse Foods Trading Down 1.0 %

TreeHouse Foods stock opened at $37.26 on Friday. The company has a quick ratio of 0.74, a current ratio of 1.50 and a debt-to-equity ratio of 0.84. The firm has a 50-day moving average price of $37.08 and a two-hundred day moving average price of $39.62. The firm has a market capitalization of $2.01 billion, a price-to-earnings ratio of 39.22 and a beta of 0.35. TreeHouse Foods has a 52-week low of $34.76 and a 52-week high of $55.30.

TreeHouse Foods (NYSE:THS) last released its quarterly earnings results on Friday, February 16th. The company reported $0.77 EPS for the quarter, topping analysts’ consensus estimates of $0.71 by $0.06. TreeHouse Foods had a net margin of 1.51% and a return on equity of 8.09%. The company had revenue of $910.60 million for the quarter, compared to the consensus estimate of $924.87 million. During the same period in the previous year, the firm earned $0.98 EPS. TreeHouse Foods’s revenue was down 8.6% on a year-over-year basis. Sell-side analysts expect that TreeHouse Foods will post 2.22 earnings per share for the current year.

Hedge Funds Weigh In On TreeHouse Foods

A number of hedge funds have recently made changes to their positions in the business. NBC Securities Inc. bought a new stake in TreeHouse Foods during the 3rd quarter worth about $37,000. GAMMA Investing LLC acquired a new position in TreeHouse Foods during the 4th quarter valued at about $52,000. Central Pacific Bank Trust Division acquired a new position in TreeHouse Foods during the 1st quarter valued at about $48,000. TFO Wealth Partners LLC lifted its position in TreeHouse Foods by 78,600.0% during the 4th quarter. TFO Wealth Partners LLC now owns 2,361 shares of the company’s stock valued at $98,000 after purchasing an additional 2,358 shares during the period. Finally, Quadrant Capital Group LLC lifted its position in TreeHouse Foods by 62.2% during the 4th quarter. Quadrant Capital Group LLC now owns 2,469 shares of the company’s stock valued at $102,000 after purchasing an additional 947 shares during the period. Institutional investors and hedge funds own 99.81% of the company’s stock.

TreeHouse Foods Company Profile

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.