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

TreeHouse Foods, Inc. (NYSE:THS) has been assigned a consensus recommendation of “Hold” from the six ratings firms that are currently covering the company, MarketBeat reports. Six equities research analysts have rated the stock with a hold rating. The average 1-year price target among brokerages that have issued ratings on the stock in the last year is $38.17.

A number of brokerages recently issued reports on THS. StockNews.com cut shares of TreeHouse Foods from a “hold” rating to a “sell” rating in a report on Wednesday, May 8th. Stifel Nicolaus cut their price target on shares of TreeHouse Foods from $38.00 to $36.00 and set a “hold” rating on the stock in a research note on Tuesday, May 7th. Mizuho started coverage on shares of TreeHouse Foods in a research note on Thursday, June 6th. They issued a “neutral” rating and a $37.00 price target on the stock. Barclays cut their price target on shares of TreeHouse Foods from $39.00 to $36.00 and set an “equal weight” rating on the stock in a research note on Wednesday, May 8th. Finally, TD Cowen cut their price target on shares of TreeHouse Foods from $38.00 to $37.00 and set a “hold” rating on the stock in a research note on Tuesday, May 7th.

TreeHouse Foods Stock Up 1.2 %

Shares of NYSE THS opened at $38.52 on Friday. The stock has a market cap of $2.03 billion, a P/E ratio of 83.74 and a beta of 0.24. The firm has a 50 day moving average price of $36.52 and a 200 day moving average price of $37.74. The company has a debt-to-equity ratio of 0.87, a quick ratio of 0.66 and a current ratio of 1.52. TreeHouse Foods has a 52-week low of $33.28 and a 52-week high of $53.00.

TreeHouse Foods (NYSE:THS) last issued its quarterly earnings data on Monday, May 6th. The company reported ($0.03) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.02) by ($0.01). The firm had revenue of $820.70 million for the quarter, compared to analyst estimates of $798.44 million. TreeHouse Foods had a net margin of 0.76% and a return on equity of 5.81%. The firm’s revenue for the quarter was down 3.9% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.68 EPS. Analysts expect that TreeHouse Foods will post 2.26 EPS for the current year.

Insider Transactions at TreeHouse Foods

In other news, SVP Stephen Alan Landry sold 3,723 shares of the business’s stock in a transaction on Monday, May 13th. The shares were sold at an average price of $34.99, for a total value of $130,267.77. The sale was disclosed in a document filed with the SEC, which is accessible through this link. 0.90% of the stock is currently owned by insiders.

Institutional Trading of TreeHouse Foods

Institutional investors have recently made changes to their positions in the business. UBS Group AG lifted its position in shares of TreeHouse Foods by 701.4% in the fourth quarter. UBS Group AG now owns 571,535 shares of the company’s stock worth $23,690,000 after purchasing an additional 500,215 shares in the last quarter. Charles Schwab Investment Management Inc. increased its holdings in TreeHouse Foods by 3.2% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 766,245 shares of the company’s stock worth $31,761,000 after buying an additional 23,597 shares during the last quarter. Goldman Sachs Group Inc. increased its holdings in TreeHouse Foods by 3.7% during the fourth quarter. Goldman Sachs Group Inc. now owns 649,088 shares of the company’s stock worth $26,905,000 after buying an additional 23,212 shares during the last quarter. New South Capital Management Inc. increased its holdings in TreeHouse Foods by 29.0% during the first quarter. New South Capital Management Inc. now owns 1,120,149 shares of the company’s stock worth $43,630,000 after buying an additional 251,886 shares during the last quarter. Finally, Brown Advisory Inc. increased its holdings in TreeHouse Foods by 20.5% during the fourth quarter. Brown Advisory Inc. now owns 1,123,484 shares of the company’s stock worth $46,568,000 after buying an additional 191,157 shares during the last quarter. Institutional investors own 99.81% of the company’s stock.

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.