Analysts Set TreeHouse Foods, Inc. (NYSE:THS) PT at $57.00

TreeHouse Foods, Inc. (NYSE:THS) has been given a consensus recommendation of “Hold” by the four analysts that are covering the company, Marketbeat.com reports. Three equities research analysts have rated the stock with a hold recommendation and one has issued a buy recommendation on the company. The average 12-month price objective among brokerages that have updated their coverage on the stock in the last year is $54.00.

THS has been the topic of a number of research analyst reports. Barclays dropped their target price on shares of TreeHouse Foods from $57.00 to $55.00 and set an “equal weight” rating on the stock in a report on Thursday, July 20th. StockNews.com initiated coverage on shares of TreeHouse Foods in a report on Thursday, August 17th. They issued a “hold” rating on the stock. Stifel Nicolaus dropped their target price on shares of TreeHouse Foods from $56.00 to $52.00 and set a “hold” rating on the stock in a report on Tuesday, August 8th. TheStreet cut shares of TreeHouse Foods from a “b-” rating to a “c” rating in a report on Thursday, August 24th. Finally, TD Cowen initiated coverage on shares of TreeHouse Foods in a report on Wednesday. They issued a “market perform” rating and a $45.00 target price on the stock.

TreeHouse Foods Trading Down 0.3 %

TreeHouse Foods stock opened at $47.68 on Wednesday. The firm has a 50-day moving average of $48.20 and a 200-day moving average of $49.67. TreeHouse Foods has a one year low of $40.56 and a one year high of $55.30. The company has a debt-to-equity ratio of 0.92, a current ratio of 1.26 and a quick ratio of 0.29. The company has a market cap of $2.69 billion, a price-to-earnings ratio of -35.58 and a beta of 0.46.

TreeHouse Foods (NYSE:THS) last posted its quarterly earnings data on Monday, August 7th. The company reported $0.42 EPS for the quarter, hitting analysts’ consensus estimates of $0.42. TreeHouse Foods had a negative net margin of 2.09% and a positive return on equity of 7.49%. The company had revenue of $843.60 million during the quarter, compared to the consensus estimate of $831.84 million. During the same period in the prior year, the business posted ($0.04) EPS. The company’s quarterly revenue was up 4.1% on a year-over-year basis. On average, equities analysts expect that TreeHouse Foods will post 2.47 earnings per share for the current fiscal year.

Insider Buying and Selling at TreeHouse Foods

In related news, Director Jana Partners Llc purchased 87,900 shares of the stock in a transaction on Wednesday, September 6th. The shares were purchased at an average cost of $44.49 per share, with a total value of $3,910,671.00. Following the acquisition, the director now directly owns 4,883,314 shares in the company, valued at $217,258,639.86. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. In other TreeHouse Foods news, Director Mark Hunter sold 7,828 shares of the stock in a transaction that occurred on Friday, June 23rd. The shares were sold at an average price of $52.41, for a total transaction of $410,265.48. Following the transaction, the director now owns 4,567 shares in the company, valued at approximately $239,356.47. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Jana Partners Llc bought 87,900 shares of the firm’s stock in a transaction on Wednesday, September 6th. The shares were acquired at an average price of $44.49 per share, for a total transaction of $3,910,671.00. Following the transaction, the director now owns 4,883,314 shares in the company, valued at $217,258,639.86. The disclosure for this purchase can be found here. Insiders own 0.93% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in THS. OLD Mission Capital LLC acquired a new stake in shares of TreeHouse Foods during the 4th quarter worth approximately $26,000. PenderFund Capital Management Ltd. acquired a new stake in shares of TreeHouse Foods during the 1st quarter worth approximately $28,000. Point72 Hong Kong Ltd acquired a new stake in shares of TreeHouse Foods during the 1st quarter worth approximately $30,000. Headlands Technologies LLC acquired a new stake in shares of TreeHouse Foods during the 2nd quarter worth approximately $33,000. Finally, Fairfield Bush & CO. acquired a new stake in shares of TreeHouse Foods during the 2nd quarter worth approximately $59,000. Institutional investors and hedge funds own 99.81% of the company’s stock.

About TreeHouse Foods

TreeHouse Foods, Inc manufactures and distributes private label foods and beverages in the United States and internationally. The company provides snacking product, such as crackers, pretzels, in-store bakery items, frozen griddle items, cookies, snack bars, and unique candy; and beverage and drink mix, including non-dairy creamer, single serve beverages, broths/stocks, powdered beverages and other blends, tea, and ready-to-drink-beverages.