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

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

A number of equities analysts recently commented on THS shares. TD Cowen decreased their target price on TreeHouse Foods from $32.00 to $27.00 and set a "hold" rating on the stock in a report on Friday, April 11th. Stifel Nicolaus cut their price target on TreeHouse Foods from $26.00 to $24.00 and set a "hold" rating for the company in a research note on Thursday, April 24th. Truist Financial cut their price target on TreeHouse Foods from $25.00 to $20.00 and set a "hold" rating for the company in a research note on Thursday, May 8th. Finally, Barclays cut their price target on 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.

Insider Transactions at TreeHouse Foods

In other news, Director Jana Partners Management, Lp acquired 124,785 shares of the business's stock in a transaction dated Thursday, May 8th. The stock was purchased at an average price of $21.85 per share, for a total transaction of $2,726,552.25. Following the completion of the transaction, the director directly owned 5,040,533 shares in the company, valued at approximately $110,135,646.05. This trade represents a 2.54% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Steven Oakland acquired 4,660 shares of the business's stock in a transaction dated Thursday, May 8th. The shares were purchased at an average price of $21.46 per share, with a total value of $100,003.60. Following the transaction, the chief executive officer owned 369,521 shares of the company's stock, valued at approximately $7,929,920.66. This represents a 1.28% increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last 90 days, insiders have bought 147,123 shares of company stock valued at $3,234,741. Company insiders own 11.10% of the company's stock.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. GAMMA Investing LLC lifted its holdings in shares of TreeHouse Foods by 1,328.7% in the 1st quarter. GAMMA Investing LLC now owns 9,644 shares of the company's stock valued at $261,000 after acquiring an additional 8,969 shares during the last quarter. Raymond James Financial Inc. bought a new position in shares of TreeHouse Foods in the 4th quarter valued at about $10,362,000. Northern Trust Corp lifted its holdings in shares of TreeHouse Foods by 5.9% in the 4th quarter. Northern Trust Corp now owns 502,601 shares of the company's stock valued at $17,656,000 after acquiring an additional 28,029 shares during the last quarter. Alliancebernstein L.P. lifted its holdings in shares of TreeHouse Foods by 218.3% in the 4th quarter. Alliancebernstein L.P. now owns 166,767 shares of the company's stock valued at $5,859,000 after acquiring an additional 114,380 shares during the last quarter. Finally, KLP Kapitalforvaltning AS bought a new position in shares of TreeHouse Foods in the 4th quarter valued at about $337,000. Hedge funds and other institutional investors own 99.81% of the company's stock.

TreeHouse Foods Stock Performance

THS traded down $0.27 during mid-day trading on Friday, reaching $20.63. 938,281 shares of the company traded hands, compared to its average volume of 625,891. The company has a quick ratio of 0.27, a current ratio of 1.14 and a debt-to-equity ratio of 0.93. The stock has a market capitalization of $1.04 billion, a P/E ratio of 158.70 and a beta of 0.25. TreeHouse Foods has a 52-week low of $19.29 and a 52-week high of $43.84. The company's fifty day moving average price is $21.83 and its 200-day moving average price is $27.19.

TreeHouse Foods (NYSE:THS - Get Free Report) last announced its earnings results on Tuesday, May 6th. The company reported $0.03 EPS for the quarter, topping analysts' consensus estimates of ($0.21) by $0.24. TreeHouse Foods had a return on equity of 6.73% and a net margin of 0.20%. The company had revenue of $792.00 million for the quarter, compared to analysts' expectations of $789.66 million. During the same period last year, the firm earned ($0.03) EPS. TreeHouse Foods's revenue for the quarter was down 3.5% compared to the same quarter last year. On average, sell-side analysts expect that TreeHouse Foods will post 1.94 EPS for the current 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.