TreeHouse Foods (NYSE:THS) Coverage Initiated by Analysts at Jefferies Financial Group

Jefferies Financial Group initiated coverage on shares of TreeHouse Foods (NYSE:THS) in a research report report published on Wednesday morning, BenzingaRatingsTable reports. The firm issued a hold rating and a $52.00 price objective on the stock. Jefferies Financial Group also issued estimates for TreeHouse Foods’ Q4 2019 earnings at $1.07 EPS, FY2019 earnings at $2.35 EPS, Q1 2021 earnings at $0.47 EPS, Q2 2021 earnings at $0.54 EPS, Q3 2021 earnings at $0.68 EPS, Q4 2021 earnings at $1.31 EPS and FY2021 earnings at $3.00 EPS.

Several other research firms have also commented on THS. William Blair raised TreeHouse Foods from a market perform rating to an outperform rating in a research report on Monday, December 2nd. SunTrust Banks reaffirmed a buy rating and issued a $65.00 price objective on shares of TreeHouse Foods in a research report on Tuesday, January 14th. ValuEngine raised shares of TreeHouse Foods from a sell rating to a hold rating in a research report on Friday, November 15th. Zacks Investment Research lowered shares of TreeHouse Foods from a hold rating to a sell rating and set a $48.00 price objective on the stock. in a research note on Monday, January 13th. Finally, Barclays reissued a hold rating on shares of TreeHouse Foods in a research report on Sunday, November 10th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and five have issued a buy rating to the company’s stock. The stock presently has a consensus rating of Hold and an average price target of $59.79.

Shares of NYSE THS opened at $46.19 on Wednesday. TreeHouse Foods has a 12-month low of $44.60 and a 12-month high of $67.88. The company has a market cap of $2.63 billion, a P/E ratio of -6.67, a P/E/G ratio of 1.79 and a beta of 0.70. The company has a current ratio of 1.49, a quick ratio of 0.67 and a debt-to-equity ratio of 1.29. The stock has a fifty day moving average price of $48.11 and a 200 day moving average price of $52.18.

TreeHouse Foods (NYSE:THS) last issued its quarterly earnings data on Thursday, November 7th. The company reported $0.55 EPS for the quarter, missing the Zacks’ consensus estimate of $0.58 by ($0.03). TreeHouse Foods had a positive return on equity of 5.80% and a negative net margin of 7.65%. The company had revenue of $1.06 billion for the quarter, compared to analyst estimates of $1.08 billion. During the same quarter in the prior year, the firm earned $0.57 EPS. The company’s revenue for the quarter was down 5.4% compared to the same quarter last year. On average, sell-side analysts forecast that TreeHouse Foods will post 2.38 EPS for the current fiscal year.

In other TreeHouse Foods news, CAO Thomas Emmet Oneill III sold 6,400 shares of the company’s stock in a transaction that occurred on Wednesday, November 27th. The stock was sold at an average price of $49.11, for a total value of $314,304.00. Following the transaction, the chief accounting officer now directly owns 109,076 shares of the company’s stock, valued at approximately $5,356,722.36. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. 1.50% of the stock is owned by insiders.

A number of hedge funds have recently made changes to their positions in THS. Huntington National Bank bought a new stake in shares of TreeHouse Foods in the 4th quarter worth about $26,000. Psagot Investment House Ltd. acquired a new stake in TreeHouse Foods during the third quarter valued at approximately $94,000. Point72 Hong Kong Ltd bought a new position in TreeHouse Foods during the second quarter worth $105,000. Tower Research Capital LLC TRC lifted its position in shares of TreeHouse Foods by 43.2% in the 3rd quarter. Tower Research Capital LLC TRC now owns 2,202 shares of the company’s stock worth $122,000 after buying an additional 664 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in TreeHouse Foods by 9.5% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,554 shares of the company’s stock worth $172,000 after acquiring an additional 307 shares during the last quarter.

About TreeHouse Foods

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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