Treehouse Foods Inc. (NYSE:THS) traded at a new 52-week high today of $46.54. So far today approximately 274,000 shares have been exchanged, as compared to an average 30-day volume of 353,000 shares.
TreeHouse Foods, the largest private label manufacturer in the U.S., is the product of a slew of acquisitions, the most significant being the 2016 acquisition of Ralcorp, Conagra’s former private brands business. The firm plays in over 25 categories, including snacks like pretzels and cookies, meals like pasta and dry dinners, and single-serve beverages like pods and ready-to-drink coffee. Retailers represent its most significant end-market, where it sells products for resale under retailer brands, but it also serves foodservice customers (providing a similar service as its retail business), industrial (selling bulk food for repackaging and repurposing), and branded consumer goods firms (under co-packing arrangements).
In the past 52 weeks, Treehouse Foods Inc. share prices are bracketed by a low of $29.47 and a high of $46.54 and is now at $44.73, 52% above that low price.
Based on a current price of $44.73, Treehouse Foods Inc. is currently 30.9% above its average consensus analyst price target of $30.91.
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