TreeHouse Foods, Inc. (NYSE:THS) Receives $24.67 Average Price Target from Analysts

by · The Markets Daily

Shares of TreeHouse Foods, Inc. (NYSE:THS – Get Free Report) have received a consensus recommendation of “Reduce” from the nine ratings firms that are presently covering the firm, Marketbeat.com reports. Two research analysts have rated the stock with a sell recommendation and seven have assigned a hold recommendation to the company. The average 1-year price objective among analysts that have covered the stock in the last year is $24.6667.

Several research analysts have commented on the company. Zacks Research downgraded TreeHouse Foods from a “hold” rating to a “strong sell” rating in a research note on Friday, October 24th. William Blair lowered shares of TreeHouse Foods from an “outperform” rating to a “hold” rating in a report on Tuesday, November 11th. Barclays upped their price objective on shares of TreeHouse Foods from $21.00 to $23.00 and gave the stock an “equal weight” rating in a research report on Tuesday, November 11th. Weiss Ratings restated a “sell (e+)” rating on shares of TreeHouse Foods in a research report on Monday, December 1st. Finally, Truist Financial upped their price target on shares of TreeHouse Foods from $20.00 to $22.50 and gave the stock a “hold” rating in a report on Thursday, November 13th.

Check Out Our Latest Analysis on TreeHouse Foods

TreeHouse Foods Stock Down 0.5%

NYSE THS opened at $23.61 on Monday. The business has a fifty day moving average price of $21.14 and a two-hundred day moving average price of $20.20. The stock has a market capitalization of $1.19 billion, a PE ratio of -4.92 and a beta of 0.18. TreeHouse Foods has a fifty-two week low of $15.85 and a fifty-two week high of $40.77. The company has a debt-to-equity ratio of 1.18, a current ratio of 1.29 and a quick ratio of 0.40.

TreeHouse Foods (NYSE:THS – Get Free Report) last posted its quarterly earnings results on Monday, November 10th. The company reported $0.43 EPS for the quarter, missing analysts’ consensus estimates of $0.53 by ($0.10). TreeHouse Foods had a positive return on equity of 5.52% and a negative net margin of 7.25%.The business had revenue of $841.90 million for the quarter, compared to analyst estimates of $853.53 million. During the same period last year, the firm posted ($0.07) EPS. TreeHouse Foods’s quarterly revenue was up .1% on a year-over-year basis. Equities analysts expect that TreeHouse Foods will post 1.94 earnings per share for the current fiscal year.

Institutional Investors Weigh In On TreeHouse Foods

A number of institutional investors have recently made changes to their positions in the stock. Sessa Capital IM L.P. increased its position in TreeHouse Foods by 29.5% during the 1st quarter. Sessa Capital IM L.P. now owns 4,200,000 shares of the company’s stock valued at $113,778,000 after purchasing an additional 957,517 shares during the period. Two Sigma Investments LP boosted its stake in shares of TreeHouse Foods by 483.4% in the 3rd quarter. Two Sigma Investments LP now owns 379,089 shares of the company’s stock valued at $7,661,000 after purchasing an additional 314,110 shares during the last quarter. Ameriprise Financial Inc. increased its position in shares of TreeHouse Foods by 74.6% during the third quarter. Ameriprise Financial Inc. now owns 680,279 shares of the company’s stock worth $13,748,000 after buying an additional 290,729 shares during the period. Marshall Wace LLP raised its stake in TreeHouse Foods by 379.3% during the second quarter. Marshall Wace LLP now owns 332,730 shares of the company’s stock worth $6,462,000 after buying an additional 263,303 shares during the last quarter. Finally, Bridgeway Capital Management LLC acquired a new position in TreeHouse Foods in the first quarter valued at $6,730,000. Institutional investors own 99.81% of the company’s stock.

About TreeHouse Foods

(Get Free Report)

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.

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