TreeHouse Foods Inc. (NYSE:THS) Given Consensus Rating of “Hold” by Brokerages

TreeHouse Foods Inc. (NYSE:THS) has been assigned a consensus rating of “Hold” from the fifteen research firms that are currently covering the firm, MarketBeat reports. One analyst has rated the stock with a sell recommendation, nine have given a hold recommendation and four have assigned a buy recommendation to the company. The average 1-year price objective among analysts that have updated their coverage on the stock in the last year is $57.08.

THS has been the subject of several research reports. SunTrust Banks raised TreeHouse Foods from a “hold” rating to a “buy” rating and increased their price objective for the company from $55.00 to $70.00 in a research report on Monday, March 25th. They noted that the move was a valuation call. Wells Fargo & Co raised TreeHouse Foods from a “market perform” rating to an “outperform” rating and increased their price objective for the company from $60.00 to $80.00 in a research report on Monday, April 29th. Jefferies Financial Group reissued a “buy” rating and issued a $72.00 price objective on shares of TreeHouse Foods in a research report on Wednesday, March 27th. Finally, ValuEngine cut TreeHouse Foods from a “buy” rating to a “hold” rating in a research report on Tuesday, May 7th.

In related news, SVP Maurice Alkemade sold 2,789 shares of the firm’s stock in a transaction on Monday, June 3rd. The stock was sold at an average price of $52.46, for a total value of $146,310.94. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Gary Dale Smith bought 3,000 shares of TreeHouse Foods stock in a transaction that occurred on Monday, May 6th. The stock was purchased at an average cost of $56.51 per share, with a total value of $169,530.00. Following the completion of the transaction, the director now owns 2,250 shares of the company’s stock, valued at $127,147.50. The disclosure for this purchase can be found here. Over the last ninety days, insiders sold 17,398 shares of company stock valued at $982,472. 1.50% of the stock is owned by company insiders.

A number of hedge funds have recently modified their holdings of the stock. Hudson Executive Capital LP acquired a new position in TreeHouse Foods during the fourth quarter worth $125,237,000. Norges Bank acquired a new position in TreeHouse Foods during the fourth quarter worth $46,657,000. Thrivent Financial for Lutherans raised its stake in TreeHouse Foods by 6,304.9% during the fourth quarter. Thrivent Financial for Lutherans now owns 870,168 shares of the company’s stock worth $44,127,000 after acquiring an additional 856,582 shares in the last quarter. Wells Fargo & Company MN raised its stake in TreeHouse Foods by 591.6% during the first quarter. Wells Fargo & Company MN now owns 704,753 shares of the company’s stock worth $45,492,000 after acquiring an additional 848,113 shares in the last quarter. Finally, Dalton Greiner Hartman Maher & Co. acquired a new position in TreeHouse Foods during the first quarter worth $11,763,000.

Shares of TreeHouse Foods stock opened at $55.22 on Friday. TreeHouse Foods has a 12-month low of $41.18 and a 12-month high of $67.88. The company has a debt-to-equity ratio of 1.17, a current ratio of 1.64 and a quick ratio of 0.62. The company has a market cap of $3.09 billion, a price-to-earnings ratio of 25.10, a P/E/G ratio of 2.41 and a beta of 0.76.

TreeHouse Foods (NYSE:THS) last posted its quarterly earnings data on Thursday, May 2nd. The company reported $0.13 earnings per share for the quarter, beating the consensus estimate of $0.11 by $0.02. TreeHouse Foods had a positive return on equity of 5.61% and a negative net margin of 0.97%. The company had revenue of $1.30 billion during the quarter, compared to analysts’ expectations of $1.31 billion. During the same period in the prior year, the business earned $0.18 earnings per share. TreeHouse Foods’s revenue for the quarter was down 12.2% compared to the same quarter last year. As a group, equities analysts predict that TreeHouse Foods will post 2.33 EPS for the current fiscal year.

TreeHouse Foods Company Profile

TreeHouse Foods, Inc operates as a food and beverage manufacturer in the United States, Canada, and Italy. The company operates through Baked Goods, Beverages, Condiments, Meals, and Snacks segments. The Baked Goods segment offers candies, cookies, crackers, in-store bakery products, pita chips, pretzels, refrigerated dough, retail griddle waffles, pancakes, and French toasts.

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Analyst Recommendations for TreeHouse Foods (NYSE:THS)

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