In 2016, TreeHouse Foods acquired Conagra Brands Inc. (NYSE: CAG) private label manufacturer operations for $2.7 billion. Supermarket chain operator The Kroger Co. (NYSE: KR) has stated that high inflation has caused even higher-income shoppers to try private label foods and emphasizes private-label items as a key growth driver. He commented, "We expect incremental capacity to free up for THS as supply chain disruptions moderate, which should enable the company to capitalize on the increased demand for PL (private label) products.” Treehouse Foods analyst ratings and price targets can be found on MarketBeat.