TreeHouse Foods, Inc. (NYSE:THS) Receives $24.67 Consensus PT from Analysts

Shares of TreeHouse Foods, Inc. (NYSE:THS) have been given an average recommendation of “Reduce” by the nine ratings firms that are presently covering the company, MarketBeat reports. One investment analyst has rated the stock with a sell recommendation and eight have issued a hold recommendation on the company. The average 1-year price objective among brokerages that have updated their coverage on the stock in the last year is $24.6667.

A number of research firms have commented on THS. Barclays upped their price target on TreeHouse Foods from $21.00 to $23.00 and gave the stock an “equal weight” rating in a research note on Tuesday, November 11th. William Blair downgraded TreeHouse Foods from an “outperform” rating to a “hold” rating in a report on Tuesday, November 11th. Stifel Nicolaus raised their target price on TreeHouse Foods from $19.00 to $22.50 and gave the company a “hold” rating in a report on Tuesday, November 11th. Truist Financial lifted their target price on TreeHouse Foods from $20.00 to $22.50 and gave the company a “hold” rating in a research report on Thursday, November 13th. Finally, Zacks Research upgraded shares of TreeHouse Foods from a “strong sell” rating to a “hold” rating in a research note on Thursday, January 1st.

TreeHouse Foods Stock Performance

NYSE THS opened at $24.43 on Friday. The company has a debt-to-equity ratio of 1.18, a current ratio of 1.29 and a quick ratio of 0.40. The stock’s 50 day simple moving average is $24.08 and its 200-day simple moving average is $21.29. The company has a market cap of $1.23 billion, a PE ratio of -5.09 and a beta of 0.18. TreeHouse Foods has a 1-year low of $15.85 and a 1-year high of $40.77.

Insider Buying and Selling

In other TreeHouse Foods news, Director Jana Partners Management, Lp sold 1,959,221 shares of TreeHouse Foods stock in a transaction dated Tuesday, February 10th. The stock was sold at an average price of $24.48, for a total transaction of $47,961,730.08. Following the completion of the sale, the director directly owned 3,862,116 shares of the company’s stock, valued at $94,544,599.68. The trade was a 33.66% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, SVP Stephen Alan Landry sold 6,097 shares of the business’s stock in a transaction on Tuesday, December 16th. The shares were sold at an average price of $23.79, for a total transaction of $145,047.63. The SEC filing for this sale provides additional information. 11.10% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of THS. State Street Corp increased its stake in TreeHouse Foods by 0.9% in the 4th quarter. State Street Corp now owns 1,838,822 shares of the company’s stock valued at $43,378,000 after buying an additional 16,055 shares during the period. Charles Schwab Investment Management Inc. boosted its holdings in shares of TreeHouse Foods by 8.9% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,169,677 shares of the company’s stock valued at $27,593,000 after acquiring an additional 95,134 shares in the last quarter. Geode Capital Management LLC boosted its holdings in shares of TreeHouse Foods by 4.8% in the second quarter. Geode Capital Management LLC now owns 1,138,099 shares of the company’s stock valued at $22,105,000 after acquiring an additional 52,130 shares in the last quarter. Ameriprise Financial Inc. increased its stake 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 acquiring an additional 290,729 shares during the period. Finally, Arrowstreet Capital Limited Partnership raised its holdings in TreeHouse Foods by 11.6% during the third quarter. Arrowstreet Capital Limited Partnership now owns 604,084 shares of the company’s stock worth $12,209,000 after purchasing an additional 62,658 shares in the last quarter. 99.81% of the stock is currently owned by hedge funds and other institutional investors.

TreeHouse Foods Company Profile

TreeHouse Foods, Inc (NYSE: THS) is a leading manufacturer and supplier of private-label packaged food and beverage products. Headquartered in Oak Brook, Illinois, the company partners with major grocery chains, club retailers and foodservice outlets to develop, produce and distribute a diverse portfolio of items under store brands and, in select categories, under its own labels.

Since its founding in 2005 through the consolidation of several specialty food businesses, TreeHouse Foods has grown primarily through strategic acquisitions and operational integration.