TreeHouse Foods, Inc. (NYSE:THS) Given Average Rating of “Hold” by Analysts

TreeHouse Foods, Inc. (NYSE:THS) has earned an average recommendation of “Hold” from the five research firms that are covering the company, MarketBeat reports. Five research analysts have rated the stock with a hold rating. The average 12 month price target among brokerages that have covered the stock in the last year is $46.67.

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

TreeHouse Foods Stock Down 1.0 %

THS opened at $37.26 on Friday. TreeHouse Foods has a fifty-two week low of $34.76 and a fifty-two week high of $55.30. The company has a debt-to-equity ratio of 0.84, a current ratio of 1.50 and a quick ratio of 0.74. The firm’s fifty day moving average price is $37.08 and its two-hundred day moving average price is $39.62. The company has a market capitalization of $2.01 billion, a P/E ratio of 39.22 and a beta of 0.35.

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

Institutional Investors Weigh In On TreeHouse Foods

A number of institutional investors and hedge funds have recently made changes to their positions in THS. JANA Partners Management LP bought a new stake in TreeHouse Foods in the 3rd quarter valued at $213,877,000. Dimensional Fund Advisors LP increased its position in TreeHouse Foods by 4.5% during the 4th quarter. Dimensional Fund Advisors LP now owns 3,364,605 shares of the company’s stock worth $139,463,000 after buying an additional 145,261 shares during the period. Wellington Management Group LLP increased its position in TreeHouse Foods by 6.5% during the 3rd quarter. Wellington Management Group LLP now owns 1,231,391 shares of the company’s stock worth $53,664,000 after buying an additional 75,162 shares during the period. Brown Advisory Inc. increased its position in TreeHouse Foods by 20.5% during the 4th 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 period. Finally, Charles Schwab Investment Management Inc. increased its position in TreeHouse Foods by 3.2% during the 4th 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 period. Institutional investors 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.