TreeHouse Foods, Inc. (NYSE:THS) Receives $24.67 Consensus Price Target from Brokerages

TreeHouse Foods, Inc. (NYSE:THS) has earned a consensus recommendation of “Reduce” from the eight brokerages that are covering the company, Marketbeat reports. One analyst has rated the stock with a sell recommendation and seven have given a hold recommendation to the company. The average 12 month target price among brokerages that have updated their coverage on the stock in the last year is $23.40.

A number of research firms have weighed in on THS. Zacks Research raised shares of TreeHouse Foods from a “strong sell” rating to a “hold” rating in a research note on Thursday, January 1st. Weiss Ratings restated a “sell (e+)” rating on shares of TreeHouse Foods in a report on Monday, December 29th. William Blair lowered TreeHouse Foods from an “outperform” rating to a “hold” rating in a research report on Tuesday, November 11th. Barclays lifted their target price on TreeHouse Foods from $21.00 to $23.00 and gave the company an “equal weight” rating in a report on Tuesday, November 11th. Finally, Stifel Nicolaus boosted their price target on TreeHouse Foods from $19.00 to $22.50 and gave the company a “hold” rating in a research report on Tuesday, November 11th.

TreeHouse Foods Stock Performance

NYSE THS opened at $24.43 on Friday. The company has a market cap of $1.23 billion, a P/E ratio of -5.09 and a beta of 0.18. TreeHouse Foods has a 12 month low of $15.85 and a 12 month high of $40.77. The company has a debt-to-equity ratio of 1.18, a current ratio of 1.29 and a quick ratio of 0.40. The company has a 50-day moving average of $24.13 and a 200-day moving average of $21.41.

Insider Transactions at TreeHouse Foods

In other TreeHouse Foods news, major shareholder Silver Point Capital L.P. purchased 357,917 shares of TreeHouse Foods stock in a transaction on Tuesday, February 10th. The shares were purchased at an average cost of $24.54 per share, with a total value of $8,783,283.18. Following the completion of the transaction, the insider directly owned 5,408,000 shares in the company, valued at approximately $132,712,320. This represents a 7.09% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Jana Partners Management, Lp sold 1,959,221 shares of the stock in a transaction 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 completion of the sale, the director directly owned 3,862,116 shares of the company’s stock, valued at $94,544,599.68. The trade was a 33.66% decrease in their position. The disclosure for this sale is available in the SEC filing. Company insiders own 11.10% of the company’s stock.

Hedge Funds Weigh In On TreeHouse Foods

Hedge funds and other institutional investors have recently made changes to their positions in the business. Weiss Asset Management LP acquired a new stake in TreeHouse Foods in the 4th quarter valued at $51,140,000. Balyasny Asset Management L.P. purchased a new stake in shares of TreeHouse Foods in the fourth quarter worth about $44,987,000. Empyrean Capital Partners LP purchased a new stake in shares of TreeHouse Foods in the fourth quarter worth about $31,139,000. Westchester Capital Management LLC purchased a new stake in shares of TreeHouse Foods during the 4th quarter valued at about $13,061,000. Finally, Two Sigma Investments LP raised its holdings in shares of TreeHouse Foods by 483.4% during the 3rd quarter. Two Sigma Investments LP now owns 379,089 shares of the company’s stock valued at $7,661,000 after buying an additional 314,110 shares during the period. Institutional investors and hedge funds own 99.81% of the company’s stock.

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.