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

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

A number of research firms have recently issued reports on THS. Jefferies Financial Group restated a “buy” rating and issued a $72.00 price target on shares of TreeHouse Foods in a research report on Wednesday, March 27th. ValuEngine downgraded shares of TreeHouse Foods from a “buy” rating to a “hold” rating in a research report on Tuesday, May 7th. SunTrust Banks upgraded shares of TreeHouse Foods from a “hold” rating to a “buy” rating and lifted 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. Finally, Wells Fargo & Co upgraded shares of TreeHouse Foods from a “market perform” rating to an “outperform” rating and lifted their price objective for the company from $60.00 to $80.00 in a research report on Monday, April 29th.

Shares of TreeHouse Foods stock traded down $0.70 during trading hours on Friday, reaching $52.78. The company’s stock had a trading volume of 12,912 shares, compared to its average volume of 483,488. The business’s 50 day moving average price is $55.45. The company has a current ratio of 1.64, a quick ratio of 0.62 and a debt-to-equity ratio of 1.17. TreeHouse Foods has a one year low of $41.18 and a one year high of $67.88. The stock has a market capitalization of $3.06 billion, a PE ratio of 23.99, a P/E/G ratio of 2.38 and a beta of 0.76.

TreeHouse Foods (NYSE:THS) last posted its quarterly earnings results on Thursday, May 2nd. The company reported $0.13 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.11 by $0.02. TreeHouse Foods had a negative net margin of 0.97% and a positive return on equity of 5.61%. The company had revenue of $1.30 billion for the quarter, compared to the consensus estimate of $1.31 billion. During the same period last year, the firm posted $0.18 EPS. The company’s revenue for the quarter was down 12.2% on a year-over-year basis. Analysts expect that TreeHouse Foods will post 2.33 EPS for the current year.

In other TreeHouse Foods news, SVP Christopher Wilkins sold 1,888 shares of the firm’s stock in a transaction dated Tuesday, May 14th. The shares were sold at an average price of $58.25, for a total transaction of $109,976.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, COO Clifford Braun sold 2,103 shares of the firm’s stock in a transaction dated Wednesday, May 15th. The shares were sold at an average price of $57.77, for a total transaction of $121,490.31. The disclosure for this sale can be found here. Over the last quarter, insiders sold 17,398 shares of company stock worth $982,472. 1.50% of the stock is currently owned by insiders.

A number of institutional investors have recently added to or reduced their stakes in the business. Bessemer Group Inc. increased its stake in TreeHouse Foods by 34.8% during the 4th quarter. Bessemer Group Inc. now owns 778 shares of the company’s stock valued at $39,000 after buying an additional 201 shares during the period. Quadrant Capital Group LLC increased its stake in TreeHouse Foods by 287.2% during the 1st quarter. Quadrant Capital Group LLC now owns 573 shares of the company’s stock valued at $36,000 after buying an additional 425 shares during the period. Mason Street Advisors LLC increased its stake in TreeHouse Foods by 1.5% during the 1st quarter. Mason Street Advisors LLC now owns 29,773 shares of the company’s stock valued at $1,922,000 after buying an additional 442 shares during the period. Strs Ohio increased its stake in TreeHouse Foods by 9.7% during the 1st quarter. Strs Ohio now owns 5,260 shares of the company’s stock valued at $339,000 after buying an additional 463 shares during the period. Finally, BNP Paribas Arbitrage SA increased its stake in TreeHouse Foods by 82.6% during the 1st quarter. BNP Paribas Arbitrage SA now owns 2,443 shares of the company’s stock valued at $158,000 after buying an additional 1,105 shares during the period.

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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