Analysts Set TreeHouse Foods, Inc. (NYSE:THS) Target Price at $38.17

Shares of TreeHouse Foods, Inc. (NYSE:THS) have received a consensus recommendation of “Hold” from the six ratings firms that are currently covering the stock, MarketBeat Ratings reports. Six research analysts have rated the stock with a hold rating. The average 12-month price objective among brokers that have issued a report on the stock in the last year is $38.17.

THS has been the subject of several recent analyst reports. Stifel Nicolaus lowered their target price on shares of TreeHouse Foods from $38.00 to $36.00 and set a “hold” rating for the company in a research note on Tuesday, May 7th. Mizuho began coverage on shares of TreeHouse Foods in a research note on Thursday, June 6th. They set a “neutral” rating and a $37.00 price objective for the company. StockNews.com cut shares of TreeHouse Foods from a “hold” rating to a “sell” rating in a research note on Wednesday, May 8th. Barclays lowered their price objective on shares of TreeHouse Foods from $39.00 to $36.00 and set an “equal weight” rating for the company in a research note on Wednesday, May 8th. Finally, TD Cowen decreased their price target on shares of TreeHouse Foods from $38.00 to $37.00 and set a “hold” rating for the company in a research report on Tuesday, May 7th.

Insider Activity

In other news, SVP Stephen Alan Landry sold 3,723 shares of the company’s stock in a transaction dated Monday, May 13th. The shares were sold at an average price of $34.99, for a total value of $130,267.77. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company insiders own 0.90% of the company’s stock.

Institutional Investors Weigh In On TreeHouse Foods

Institutional investors have recently modified their holdings of the stock. GAMMA Investing LLC acquired a new stake in shares of TreeHouse Foods in the 4th quarter valued at about $52,000. Central Pacific Bank Trust Division bought a new stake in shares of TreeHouse Foods during the 1st quarter valued at about $48,000. TFO Wealth Partners LLC grew its position in shares of TreeHouse Foods by 78,600.0% during the 4th quarter. TFO Wealth Partners LLC now owns 2,361 shares of the company’s stock valued at $98,000 after buying an additional 2,358 shares during the last quarter. Quadrant Capital Group LLC grew its position in shares of TreeHouse Foods by 62.2% during the 4th quarter. Quadrant Capital Group LLC now owns 2,469 shares of the company’s stock valued at $102,000 after buying an additional 947 shares during the last quarter. Finally, SG Americas Securities LLC grew its position in shares of TreeHouse Foods by 33.6% during the 1st quarter. SG Americas Securities LLC now owns 3,875 shares of the company’s stock valued at $151,000 after buying an additional 975 shares during the last quarter. Institutional investors and hedge funds own 99.81% of the company’s stock.

TreeHouse Foods Price Performance

THS stock opened at $38.52 on Friday. The firm has a 50 day moving average of $36.52 and a 200-day moving average of $37.74. TreeHouse Foods has a 12-month low of $33.28 and a 12-month high of $53.00. The company has a current ratio of 1.52, a quick ratio of 0.66 and a debt-to-equity ratio of 0.87. The company has a market cap of $2.03 billion, a price-to-earnings ratio of 83.74 and a beta of 0.24.

TreeHouse Foods (NYSE:THS) last issued its quarterly earnings data on Monday, May 6th. The company reported ($0.03) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.02) by ($0.01). TreeHouse Foods had a return on equity of 5.81% and a net margin of 0.76%. The company had revenue of $820.70 million for the quarter, compared to analyst estimates of $798.44 million. During the same quarter in the prior year, the firm earned $0.68 earnings per share. The company’s revenue for the quarter was down 3.9% on a year-over-year basis. As a group, equities analysts expect that TreeHouse Foods will post 2.26 EPS 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.