TreeHouse Foods, Inc. (NYSE:THS) Receives Average Rating of "Hold" from Analysts

TreeHouse Foods, Inc. (NYSE:THS - Get Free Report) has earned an average recommendation of "Hold" from the five brokerages that are covering the firm, Marketbeat reports. Five equities research analysts have rated the stock with a hold rating. The average 1-year target price among analysts that have covered the stock in the last year is $46.67.

Separately, Truist Financial lowered shares of TreeHouse Foods from a "buy" rating to a "hold" rating and reduced their target price for the stock from $45.00 to $35.00 in a research report on Tuesday, February 20th.

Hedge Funds Weigh In On TreeHouse Foods

Several institutional investors have recently bought and sold shares of the business. PenderFund Capital Management Ltd. acquired a new stake in TreeHouse Foods in the first quarter valued at approximately $28,000. NBC Securities Inc. acquired a new position in TreeHouse Foods during the third quarter valued at $37,000. Point72 Hong Kong Ltd acquired a new position in TreeHouse Foods during the first quarter valued at $30,000. Fairfield Bush & CO. purchased a new position in TreeHouse Foods in the second quarter valued at $59,000. Finally, GAMMA Investing LLC purchased a new position in TreeHouse Foods in the fourth quarter valued at $52,000. 99.81% of the stock is owned by hedge funds and other institutional investors.

TreeHouse Foods Trading Down 1.3 %

TreeHouse Foods stock traded down $0.50 during midday trading on Wednesday, reaching $37.02. The stock had a trading volume of 414,473 shares, compared to its average volume of 550,461. The company has a quick ratio of 0.74, a current ratio of 1.50 and a debt-to-equity ratio of 0.84. TreeHouse Foods has a 52-week low of $34.76 and a 52-week high of $55.30. The firm has a market cap of $1.99 billion, a price-to-earnings ratio of 38.97 and a beta of 0.35. The company has a fifty day moving average of $38.37 and a 200 day moving average of $40.28.

TreeHouse Foods (NYSE:THS - Get Free Report) last posted its quarterly earnings data on Friday, February 16th. The company reported $0.77 earnings per share for the quarter, topping analysts' consensus estimates of $0.71 by $0.06. The company had revenue of $910.60 million for the quarter, compared to analyst estimates of $924.87 million. TreeHouse Foods had a net margin of 1.51% and a return on equity of 8.09%. The firm's revenue for the quarter was down 8.6% on a year-over-year basis. During the same period in the prior year, the company posted $0.98 EPS. On average, analysts anticipate that TreeHouse Foods will post 2.22 earnings per share for the current fiscal year.

TreeHouse Foods Company Profile

TreeHouse Foods, Inc manufactures and distributes private brands snacks and beverages in the United States and internationally. The company provides snacking products, such as crackers, pretzels, in-store bakery items, frozen griddle items, cookies, and candies; and beverage and drink mixes, including non-dairy creamer, coffee, broths/stocks, powdered beverages and other blends, tea, and ready-to-drink-beverages.