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

Shares of TreeHouse Foods, Inc. (NYSE:THS) have earned an average recommendation of “Reduce” from the nine brokerages that are covering the firm, MarketBeat.com reports. One investment analyst has rated the stock with a sell rating and eight have assigned a hold rating to the company. The average 12-month target price among brokerages that have issued a report on the stock in the last year is $24.6667.

Several equities analysts have recently weighed in on THS shares. Barclays raised their price target on shares of TreeHouse Foods from $21.00 to $23.00 and gave the stock 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, December 29th. Truist Financial lifted their price target on shares of TreeHouse Foods from $20.00 to $22.50 and gave the company a “hold” rating in a research note on Thursday, November 13th. William Blair cut shares of TreeHouse Foods from an “outperform” rating to a “hold” rating in a research report on Tuesday, November 11th. Finally, Stifel Nicolaus increased their price objective on shares of TreeHouse Foods from $19.00 to $22.50 and gave the stock a “hold” rating in a research note on Tuesday, November 11th.

Insiders Place Their Bets

In related news, SVP Stephen Alan Landry sold 6,097 shares of the business’s stock in a transaction on Tuesday, December 16th. The shares were sold at an average price of $23.79, for a total transaction of $145,047.63. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Jana Partners Management, Lp sold 1,959,221 shares of TreeHouse Foods stock in a transaction dated Tuesday, February 10th. The shares were sold at an average price of $24.48, for a total transaction of $47,961,730.08. Following the completion of the transaction, the director directly owned 3,862,116 shares of the company’s stock, valued at approximately $94,544,599.68. This trade represents a 33.66% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 11.10% of the company’s stock.

Institutional Investors Weigh In On TreeHouse Foods

Several hedge funds have recently bought and sold shares of the company. Caitong International Asset Management Co. Ltd bought a new stake in TreeHouse Foods in the fourth quarter valued at approximately $27,000. EverSource Wealth Advisors LLC increased its holdings in shares of TreeHouse Foods by 320.8% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,355 shares of the company’s stock worth $26,000 after acquiring an additional 1,033 shares during the last quarter. Hantz Financial Services Inc. raised its stake in TreeHouse Foods by 430.9% in the 3rd quarter. Hantz Financial Services Inc. now owns 1,460 shares of the company’s stock valued at $30,000 after acquiring an additional 1,185 shares during the period. PNC Financial Services Group Inc. raised its stake in TreeHouse Foods by 97.8% in the 4th quarter. PNC Financial Services Group Inc. now owns 1,897 shares of the company’s stock valued at $45,000 after acquiring an additional 938 shares during the period. Finally, Aster Capital Management DIFC Ltd acquired a new stake in TreeHouse Foods during the 3rd quarter valued at $46,000. 99.81% of the stock is currently owned by institutional investors and hedge funds.

TreeHouse Foods Stock Performance

Shares of THS stock opened at $24.43 on Friday. The company has a debt-to-equity ratio of 1.18, a quick ratio of 0.40 and a current ratio of 1.29. TreeHouse Foods has a 52 week low of $15.85 and a 52 week high of $40.77. The company’s 50 day moving average price is $24.07 and its two-hundred day moving average price is $21.25. The company has a market capitalization of $1.23 billion, a P/E ratio of -5.09 and a beta of 0.18.

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.