TreeHouse Foods, Inc. (NYSE:THS) Receives $27.83 Average PT from Analysts

TreeHouse Foods, Inc. (NYSE:THS - Get Free Report) has been given a consensus rating of "Hold" by the seven brokerages that are presently covering the firm, MarketBeat reports. Seven investment analysts have rated the stock with a hold recommendation. The average 12-month price target among brokerages that have issued ratings on the stock in the last year is $27.83.

Several equities analysts have issued reports on the company. Truist Financial cut their target price 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. Stifel Nicolaus lowered their price target on shares of TreeHouse Foods from $26.00 to $24.00 and set a "hold" rating on the stock in a report on Thursday, April 24th. Barclays reduced their price objective on shares of TreeHouse Foods from $26.00 to $25.00 and set an "equal weight" rating for the company in a research note on Thursday, May 8th. Finally, TD Cowen decreased their target price on shares of TreeHouse Foods from $32.00 to $27.00 and set a "hold" rating for the company in a research report on Friday, April 11th.

Insider Activity at TreeHouse Foods

In related news, Director Jana Partners Management, Lp acquired 124,785 shares of the stock in a transaction dated Thursday, May 8th. The stock was acquired at an average cost of $21.85 per share, for a total transaction of $2,726,552.25. Following the completion of the purchase, the director owned 5,040,533 shares of the company's stock, valued at approximately $110,135,646.05. This represents a 2.54% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Steven Oakland acquired 4,660 shares of the company's stock in a transaction dated 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 directly owned 369,521 shares of the company's stock, valued at approximately $7,929,920.66. The trade was a 1.28% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders purchased a total of 147,123 shares of company stock valued at $3,234,741 over the last ninety days. 11.10% of the stock is currently owned by insiders.

Hedge Funds Weigh In On TreeHouse Foods

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Sterling Capital Management LLC increased its holdings in shares of TreeHouse Foods by 134.4% in 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 during the period. State of Wyoming acquired a new stake in shares of TreeHouse Foods during the first quarter worth about $93,000. CIBC Private Wealth Group LLC boosted its position in 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 last quarter. Vident Advisory LLC acquired a new position in TreeHouse Foods in the 4th quarter worth approximately $223,000. Finally, New Age Alpha Advisors LLC purchased a new position in TreeHouse Foods during the 4th quarter worth approximately $249,000. Hedge funds and other institutional investors own 99.81% of the company's stock.

TreeHouse Foods Stock Down 0.7%

Shares of THS traded down $0.14 during mid-day trading on Friday, hitting $20.90. The company's stock had a trading volume of 391,555 shares, compared to its average volume of 624,514. The company's 50-day moving average is $21.89 and its 200-day moving average is $27.45. TreeHouse Foods has a 52-week low of $19.29 and a 52-week high of $43.84. The firm has a market capitalization of $1.06 billion, a price-to-earnings ratio of 160.78 and a beta of 0.25. The company has a current ratio of 1.14, a quick ratio of 0.27 and a debt-to-equity ratio of 0.93.

TreeHouse Foods (NYSE:THS - Get Free Report) last issued its quarterly earnings data on Tuesday, May 6th. The company reported $0.03 EPS for the quarter, topping analysts' consensus estimates of ($0.21) by $0.24. The company had revenue of $792.00 million during the quarter, compared to the consensus estimate of $789.66 million. TreeHouse Foods had a net margin of 0.20% and a return on equity of 6.73%. TreeHouse Foods's revenue for the quarter was down 3.5% compared to the same quarter last year. During the same quarter in the previous year, the firm posted ($0.03) earnings per share. On average, equities research analysts forecast that TreeHouse Foods will post 1.94 EPS for the current fiscal year.

About TreeHouse Foods

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.