TreeHouse Foods, Inc. (NYSE:THS) Given Consensus Recommendation of "Hold" by Brokerages

Shares of TreeHouse Foods, Inc. (NYSE:THS - Get Free Report) have received a consensus rating of "Hold" from the seven research firms that are currently covering the company, MarketBeat Ratings reports. Seven research analysts have rated the stock with a hold rating. The average twelve-month price target among analysts that have issued a report on the stock in the last year is $27.83.

A number of analysts have recently commented on THS shares. Stifel Nicolaus cut their target price on shares of TreeHouse Foods from $26.00 to $24.00 and set a "hold" rating for the company in a research note on Thursday, April 24th. TD Cowen lowered their target price on shares of TreeHouse Foods from $32.00 to $27.00 and set a "hold" rating on the stock in a research note on Friday, April 11th. Barclays dropped 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. StockNews.com raised shares of TreeHouse Foods from a "sell" rating to a "hold" rating in a research note on Tuesday, February 18th. Finally, Jefferies Financial Group dropped their price objective on shares of TreeHouse Foods from $37.00 to $31.00 and set a "hold" rating for the company in a research note on Tuesday, February 18th.

TreeHouse Foods Stock Performance

THS traded up $0.36 on Thursday, reaching $23.57. The stock had a trading volume of 509,256 shares, compared to its average volume of 607,485. TreeHouse Foods has a 12-month low of $20.63 and a 12-month high of $43.84. The company has a current ratio of 1.36, a quick ratio of 0.63 and a debt-to-equity ratio of 0.90. The business's 50-day moving average price is $24.04 and its two-hundred day moving average price is $30.35. The company has a market cap of $1.19 billion, a P/E ratio of 43.65 and a beta of 0.30.

TreeHouse Foods (NYSE:THS - Get Free Report) last released 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. The business had revenue of $792.00 million during the quarter, compared to analysts' expectations of $789.66 million. TreeHouse Foods had a net margin of 0.80% and a return on equity of 6.42%. The company's quarterly revenue was down 3.5% on a year-over-year basis. During the same quarter in the previous year, the company earned ($0.03) earnings per share. Sell-side analysts forecast that TreeHouse Foods will post 1.94 earnings per share for the current year.

Insider Activity

In related news, Director Jana Partners Management, Lp acquired 17,678 shares of TreeHouse Foods stock in a transaction that occurred on Monday, May 12th. The shares were purchased at an average cost of $23.09 per share, for a total transaction of $408,185.02. Following the acquisition, the director now owns 5,482,337 shares in the company, valued at approximately $126,587,161.33. This represents a 0.32% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CEO Steven Oakland acquired 4,660 shares of TreeHouse Foods stock in a transaction that occurred on Thursday, May 8th. The stock was bought at an average price of $21.46 per share, for a total transaction of $100,003.60. Following the completion of the acquisition, the chief executive officer now owns 369,521 shares in the company, valued at $7,929,920.66. This trade represents a 1.28% increase in their position. The disclosure for this purchase can be found here. Insiders bought a total of 147,123 shares of company stock valued at $3,234,741 in the last 90 days. Company insiders own 11.10% of the company's stock.

Hedge Funds Weigh In On TreeHouse Foods

Large investors have recently made changes to their positions in the stock. Raymond James Financial Inc. acquired a new position in shares of TreeHouse Foods in the 4th quarter worth approximately $10,362,000. Entropy Technologies LP acquired a new stake in TreeHouse Foods during the 4th quarter worth approximately $333,000. Roberts Wealth Advisors LLC lifted its holdings in TreeHouse Foods by 297.4% during the 4th quarter. Roberts Wealth Advisors LLC now owns 85,256 shares of the company's stock worth $2,858,000 after buying an additional 63,804 shares in the last quarter. Northern Trust Corp lifted its holdings in TreeHouse Foods by 5.9% during the 4th quarter. Northern Trust Corp now owns 502,601 shares of the company's stock worth $17,656,000 after buying an additional 28,029 shares in the last quarter. Finally, Barclays PLC lifted its holdings in TreeHouse Foods by 7.0% during the 3rd quarter. Barclays PLC now owns 337,657 shares of the company's stock worth $14,175,000 after buying an additional 21,951 shares in the last quarter. 99.81% of the stock is currently owned by institutional investors and hedge funds.

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.