TreeHouse Foods (THS) Lifted to Hold at ValuEngine

ValuEngine upgraded shares of TreeHouse Foods (NYSE:THS) from a sell rating to a hold rating in a research note released on Thursday morning.

THS has been the topic of a number of other reports. JPMorgan Chase & Co. raised TreeHouse Foods from an underweight rating to a neutral rating and set a $39.00 price target on the stock in a research report on Friday, August 3rd. Zacks Investment Research raised TreeHouse Foods from a hold rating to a buy rating and set a $54.00 price target on the stock in a research report on Tuesday, August 14th. Stifel Nicolaus upped their price target on TreeHouse Foods from $48.00 to $50.00 and gave the stock a hold rating in a research report on Friday, August 3rd. Finally, Barclays reaffirmed a hold rating and set a $53.00 price target on shares of TreeHouse Foods in a research report on Sunday, August 5th. Fourteen investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The stock currently has an average rating of Hold and a consensus target price of $48.46.

Shares of THS stock opened at $54.90 on Thursday. The firm has a market cap of $3.09 billion, a PE ratio of 24.56, a price-to-earnings-growth ratio of 5.21 and a beta of 0.45. The company has a debt-to-equity ratio of 1.09, a quick ratio of 0.69 and a current ratio of 2.02. TreeHouse Foods has a 12-month low of $36.35 and a 12-month high of $68.90.

TreeHouse Foods (NYSE:THS) last issued its quarterly earnings results on Thursday, August 2nd. The company reported $0.37 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.25 by $0.12. The business had revenue of $1.46 billion for the quarter, compared to the consensus estimate of $1.41 billion. TreeHouse Foods had a positive return on equity of 5.54% and a negative net margin of 5.41%. The business’s quarterly revenue was down 4.4% on a year-over-year basis. During the same period in the prior year, the firm posted $0.51 earnings per share. analysts predict that TreeHouse Foods will post 2.14 earnings per share for the current year.

In related news, insider Maurice Alkemade sold 884 shares of the company’s stock in a transaction on Monday, June 18th. The stock was sold at an average price of $51.95, for a total value of $45,923.80. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 3.60% of the stock is owned by corporate insiders.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in THS. Point72 Hong Kong Ltd increased its position in shares of TreeHouse Foods by 2,073.5% in the 2nd quarter. Point72 Hong Kong Ltd now owns 2,869 shares of the company’s stock valued at $151,000 after acquiring an additional 2,737 shares during the period. Huntington National Bank increased its position in shares of TreeHouse Foods by 50.0% in the 2nd quarter. Huntington National Bank now owns 3,000 shares of the company’s stock valued at $158,000 after acquiring an additional 1,000 shares during the period. PNC Financial Services Group Inc. increased its position in shares of TreeHouse Foods by 62.9% in the 2nd quarter. PNC Financial Services Group Inc. now owns 3,901 shares of the company’s stock valued at $204,000 after acquiring an additional 1,506 shares during the period. Quantitative Systematic Strategies LLC acquired a new position in shares of TreeHouse Foods in the 1st quarter valued at $214,000. Finally, Brown Advisory Inc. acquired a new position in shares of TreeHouse Foods in the 2nd quarter valued at $216,000.

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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