TreeHouse Foods, Inc. (NYSE:THS) Receives Consensus Rating of “Reduce” from Analysts

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

Several analysts have commented on THS shares. Barclays increased their target price on TreeHouse Foods from $21.00 to $23.00 and gave the company an “equal weight” rating in a research note on Tuesday, November 11th. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of TreeHouse Foods in a research report on Monday. Stifel Nicolaus boosted their target price on TreeHouse Foods from $19.00 to $22.50 and gave the stock a “hold” rating in a research report on Tuesday, November 11th. William Blair downgraded shares of TreeHouse Foods from an “outperform” rating to a “hold” rating in a report on Tuesday, November 11th. Finally, Truist Financial boosted their price objective on shares of TreeHouse Foods from $20.00 to $22.50 and gave the company a “hold” rating in a report on Thursday, November 13th.

TreeHouse Foods Trading Up 1.0%

Shares of THS opened at $23.73 on Friday. The firm has a market cap of $1.20 billion, a P/E ratio of -4.94 and a beta of 0.18. TreeHouse Foods has a fifty-two week low of $15.85 and a fifty-two week high of $40.77. The company has a debt-to-equity ratio of 1.18, a quick ratio of 0.40 and a current ratio of 1.29. The business has a 50-day moving average of $22.17 and a 200 day moving average of $20.38.

TreeHouse Foods (NYSE:THS) last announced its earnings results on Monday, November 10th. The company reported $0.43 earnings per share (EPS) 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 company had revenue of $841.90 million during the quarter, compared to analysts’ expectations of $853.53 million. During the same quarter last year, the firm posted ($0.07) earnings per share. The firm’s revenue was up .1% on a year-over-year basis. As a group, research analysts forecast that TreeHouse Foods will post 1.94 EPS for the current year.

Insider Buying and Selling at TreeHouse Foods

In related news, SVP Stephen Alan Landry sold 6,097 shares of the stock in a transaction dated Tuesday, December 16th. The shares were sold at an average price of $23.79, for a total value of $145,047.63. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 11.10% of the company’s stock.

Institutional Trading of TreeHouse Foods

A number of institutional investors have recently bought and sold shares of the stock. Pullen Investment Management LLC grew its position in TreeHouse Foods by 82.2% in the 2nd quarter. Pullen Investment Management LLC now owns 92,355 shares of the company’s stock valued at $1,794,000 after buying an additional 41,680 shares during the last quarter. Phocas Financial Corp. lifted its stake in shares of TreeHouse Foods by 152.1% in the 2nd quarter. Phocas Financial Corp. now owns 287,083 shares of the company’s stock worth $5,575,000 after acquiring an additional 173,211 shares during the period. Wealth Enhancement Advisory Services LLC purchased a new stake in shares of TreeHouse Foods in the second quarter valued at about $263,000. Bryce Point Capital LLC acquired a new position in shares of TreeHouse Foods during the second quarter worth about $676,000. Finally, S&T Bank PA raised its holdings in TreeHouse Foods by 21.6% during the second quarter. S&T Bank PA now owns 122,418 shares of the company’s stock worth $2,377,000 after purchasing an additional 21,779 shares in the last quarter. 99.81% of the stock is currently owned by institutional investors and hedge funds.

About TreeHouse Foods

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.