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

TreeHouse Foods, Inc. (NYSE:THS) has earned an average recommendation of “Reduce” from the eight ratings firms that are presently covering the firm, MarketBeat reports. One equities research analyst has rated the stock with a sell rating and seven have assigned a hold rating to the company. The average twelve-month price target among brokerages that have updated their coverage on the stock in the last year is $23.40.

A number of equities research analysts recently weighed in on THS shares. Weiss Ratings restated a “sell (e+)” rating on shares of TreeHouse Foods in a research note on Monday, December 29th. Barclays upped their price objective on shares of TreeHouse Foods from $21.00 to $23.00 and gave the company an “equal weight” rating in a report on Tuesday, November 11th. Truist Financial increased their price objective on shares of TreeHouse Foods from $20.00 to $22.50 and gave the company a “hold” rating in a research report on Thursday, November 13th. William Blair cut shares of TreeHouse Foods from an “outperform” rating to a “hold” rating in a research note on Tuesday, November 11th. Finally, Stifel Nicolaus lifted their target price on shares of TreeHouse Foods from $19.00 to $22.50 and gave the stock a “hold” rating in a report on Tuesday, November 11th.

TreeHouse Foods Price Performance

Shares of THS stock opened at $24.43 on Wednesday. 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 firm’s 50-day moving average is $24.30 and its 200-day moving average is $21.94. The stock has a market cap of $1.23 billion, a price-to-earnings ratio of -5.09 and a beta of 0.18. TreeHouse Foods has a 52-week low of $15.85 and a 52-week high of $40.77.

Insiders Place Their Bets

In other news, Director Jana Partners Management, Lp sold 1,959,221 shares of the stock in a transaction that occurred on Tuesday, February 10th. The stock was sold at an average price of $24.48, for a total transaction of $47,961,730.08. Following the transaction, the director owned 3,862,116 shares in the company, valued at approximately $94,544,599.68. This trade represents a 33.66% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Stephen Alan Landry sold 6,097 shares of TreeHouse Foods stock in a transaction that occurred on Tuesday, December 16th. The stock was sold at an average price of $23.79, for a total value of $145,047.63. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 11.10% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Royal Bank of Canada lifted its holdings in shares of TreeHouse Foods by 60.7% during the first quarter. Royal Bank of Canada now owns 43,855 shares of the company’s stock worth $1,188,000 after buying an additional 16,557 shares in the last quarter. AQR Capital Management LLC acquired a new position in shares of TreeHouse Foods in the first quarter valued at about $299,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in TreeHouse Foods by 3.1% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 27,676 shares of the company’s stock worth $750,000 after acquiring an additional 838 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its position in TreeHouse Foods by 1.4% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 118,895 shares of the company’s stock worth $3,221,000 after acquiring an additional 1,599 shares during the period. Finally, Intech Investment Management LLC raised its stake in TreeHouse Foods by 104.6% in the 1st quarter. Intech Investment Management LLC now owns 48,058 shares of the company’s stock worth $1,302,000 after purchasing an additional 24,564 shares in the last quarter. 99.81% of the stock is 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.