Analysts Set TreeHouse Foods, Inc. (NYSE:THS) PT at $27.83

TreeHouse Foods, Inc. (NYSE:THS - Get Free Report) has been given a consensus rating of "Hold" by the seven ratings firms that are presently covering the firm, MarketBeat Ratings reports. Seven research analysts have rated the stock with a hold rating. The average 1-year target price among analysts that have issued ratings on the stock in the last year is $27.83.

A number of research firms recently commented on THS. Jefferies Financial Group lowered their price target on shares of TreeHouse Foods from $37.00 to $31.00 and set a "hold" rating on the stock in a research report on Tuesday, February 18th. Barclays lowered their target price on shares of TreeHouse Foods from $26.00 to $25.00 and set an "equal weight" rating on the stock in a report on Thursday, May 8th. Stifel Nicolaus dropped their price target on shares of TreeHouse Foods from $26.00 to $24.00 and set a "hold" rating for the company in a research report on Thursday, April 24th. Wall Street Zen raised TreeHouse Foods from a "sell" rating to a "hold" rating in a research report on Tuesday, February 18th. Finally, Truist Financial lowered their price objective on TreeHouse Foods from $25.00 to $20.00 and set a "hold" rating on the stock in a research note on Thursday, May 8th.

TreeHouse Foods Stock Performance

THS traded down $0.02 on Monday, reaching $21.74. The company had a trading volume of 436,734 shares, compared to its average volume of 613,349. The stock has a market cap of $1.10 billion, a P/E ratio of 40.26 and a beta of 0.28. The company has a debt-to-equity ratio of 0.90, a quick ratio of 0.63 and a current ratio of 1.36. TreeHouse Foods has a fifty-two week low of $20.63 and a fifty-two week high of $43.84. The company's fifty day moving average is $22.56 and its 200 day moving average is $28.97.

TreeHouse Foods (NYSE:THS - Get Free Report) last posted its earnings results on Tuesday, May 6th. The company reported $0.03 EPS for the quarter, beating the consensus estimate of ($0.21) by $0.24. The company had revenue of $792.00 million for the quarter, compared to the consensus estimate of $789.66 million. TreeHouse Foods had a return on equity of 6.42% and a net margin of 0.80%. The firm's revenue for the quarter was down 3.5% on a year-over-year basis. During the same quarter in the prior year, the business earned ($0.03) earnings per share. As a group, analysts predict that TreeHouse Foods will post 1.94 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, Director Jana Partners Management, Lp bought 17,678 shares of the company's stock in a transaction dated Monday, May 12th. The stock was purchased at an average price of $23.09 per share, with a total value of $408,185.02. Following the completion of the acquisition, the director now owns 5,482,337 shares of the company's stock, valued at $126,587,161.33. The trade was a 0.32% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Steven Oakland purchased 4,660 shares of the firm's stock in a transaction that occurred on Thursday, May 8th. The shares were bought at an average cost of $21.46 per share, for a total transaction of $100,003.60. Following the completion of the acquisition, the chief executive officer now directly owns 369,521 shares in the company, valued at $7,929,920.66. The trade was a 1.28% increase in their position. The disclosure for this purchase can be found here. Insiders acquired 147,123 shares of company stock worth $3,234,741 over the last three months. Insiders own 11.10% of the company's stock.

Institutional Trading of TreeHouse Foods

A number of hedge funds and other institutional investors have recently modified their holdings of THS. Blue Trust Inc. boosted its holdings in shares of TreeHouse Foods by 456.7% during the 4th quarter. Blue Trust Inc. now owns 1,119 shares of the company's stock valued at $39,000 after acquiring an additional 918 shares in the last quarter. Sterling Capital Management LLC boosted its stake in shares of TreeHouse Foods by 134.4% during the fourth quarter. Sterling Capital Management LLC now owns 2,374 shares of the company's stock valued at $83,000 after purchasing an additional 1,361 shares in the last quarter. KBC Group NV grew its holdings in shares of TreeHouse Foods by 45.1% during the fourth quarter. KBC Group NV now owns 2,820 shares of the company's stock worth $99,000 after purchasing an additional 877 shares during the last quarter. State of Wyoming bought a new stake in shares of TreeHouse Foods during the first quarter worth about $93,000. Finally, CIBC Private Wealth Group LLC increased its stake in shares of TreeHouse Foods by 58.2% in the fourth quarter. CIBC Private Wealth Group LLC now owns 4,101 shares of the company's stock valued at $142,000 after buying an additional 1,508 shares during the period. Institutional investors own 99.81% of the company's stock.

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.