Analysts Set TreeHouse Foods, Inc. (NYSE:THS) PT at $24.67

TreeHouse Foods, Inc. (NYSE:THS) has received an average rating of “Reduce” from the nine ratings firms that are 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 12-month price objective among analysts that have covered the stock in the last year is $24.6667.

A number of research analysts recently commented on the company. Zacks Research downgraded TreeHouse Foods from a “hold” rating to a “strong sell” rating in a report on Friday, October 24th. Weiss Ratings restated a “sell (e+)” rating on shares of TreeHouse Foods in a report on Monday, December 22nd. William Blair cut TreeHouse Foods from an “outperform” rating to a “hold” rating in a research note on Tuesday, November 11th. Truist Financial raised their price target on shares of TreeHouse Foods from $20.00 to $22.50 and gave the stock a “hold” rating in a research report on Thursday, November 13th. Finally, Barclays lifted 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.

Insider Buying and Selling at TreeHouse Foods

In other news, SVP Stephen Alan Landry sold 6,097 shares of the company’s 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 document filed with the SEC, which is accessible through the SEC website. Insiders own 11.10% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the business. EverSource Wealth Advisors LLC raised its holdings in shares of TreeHouse Foods by 320.8% during the second quarter. EverSource Wealth Advisors LLC now owns 1,355 shares of the company’s stock valued at $26,000 after buying an additional 1,033 shares during the last quarter. Hantz Financial Services Inc. grew its holdings in TreeHouse Foods by 430.9% in the 3rd quarter. Hantz Financial Services Inc. now owns 1,460 shares of the company’s stock worth $30,000 after buying an additional 1,185 shares in the last quarter. Aster Capital Management DIFC Ltd acquired a new stake in TreeHouse Foods in the 3rd quarter valued at approximately $46,000. Blue Trust Inc. raised its stake in TreeHouse Foods by 50.7% during the 2nd quarter. Blue Trust Inc. now owns 2,878 shares of the company’s stock valued at $56,000 after acquiring an additional 968 shares in the last quarter. Finally, GAMMA Investing LLC raised its stake in TreeHouse Foods by 719.7% during the 2nd quarter. GAMMA Investing LLC now owns 2,918 shares of the company’s stock valued at $57,000 after acquiring an additional 2,562 shares in the last quarter. 99.81% of the stock is currently owned by institutional investors.

TreeHouse Foods Price Performance

Shares of THS stock opened at $23.65 on Friday. The firm has a fifty day simple moving average of $22.26 and a 200-day simple moving average of $20.36. The company has a market capitalization of $1.19 billion, a PE ratio of -4.93 and a beta of 0.18. TreeHouse Foods has a twelve month low of $15.85 and a twelve month high of $40.77. The company has a current ratio of 1.29, a quick ratio of 0.40 and a debt-to-equity ratio of 1.18.

TreeHouse Foods (NYSE:THS) last issued its quarterly earnings data on Monday, November 10th. The company reported $0.43 EPS for the quarter, missing analysts’ consensus estimates of $0.53 by ($0.10). The firm had revenue of $841.90 million during the quarter, compared to analyst estimates of $853.53 million. TreeHouse Foods had a positive return on equity of 5.52% and a negative net margin of 7.25%.The business’s quarterly revenue was up .1% compared to the same quarter last year. During the same quarter in the prior year, the firm earned ($0.07) EPS. Equities research analysts anticipate that TreeHouse Foods will post 1.94 earnings per share for the current fiscal year.

TreeHouse Foods Company Profile

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.