TreeHouse Foods (NYSE:THS) Given New $31.00 Price Target at Jefferies Financial Group

TreeHouse Foods (NYSE:THS) had its price objective decreased by stock analysts at Jefferies Financial Group from $37.00 to $31.00 in a research report issued to clients and investors on Tuesday,Benzinga reports. The brokerage currently has a “hold” rating on the stock. Jefferies Financial Group’s price objective points to a potential upside of 2.36% from the company’s current price.

Several other research analysts have also recently weighed in on the company. StockNews.com upgraded TreeHouse Foods from a “sell” rating to a “hold” rating in a research report on Tuesday. Stifel Nicolaus raised their price objective on shares of TreeHouse Foods from $32.00 to $35.00 and gave the stock a “hold” rating in a research note on Friday, January 24th. Consumer Edge cut shares of TreeHouse Foods from an “overweight” rating to an “equal weight” rating in a research note on Friday, November 15th. Barclays raised their price target on shares of TreeHouse Foods from $35.00 to $36.00 and gave the company an “equal weight” rating in a research report on Tuesday. Finally, Truist Financial cut their price objective on shares of TreeHouse Foods from $35.00 to $30.00 and set a “hold” rating for the company in a report on Wednesday, November 13th. Eight analysts have rated the stock with a hold rating, According to data from MarketBeat.com, TreeHouse Foods currently has a consensus rating of “Hold” and a consensus target price of $34.83.

TreeHouse Foods Stock Performance

Shares of NYSE:THS traded down $2.78 during midday trading on Tuesday, reaching $30.29. The company’s stock had a trading volume of 857,404 shares, compared to its average volume of 616,209. The company has a quick ratio of 0.53, a current ratio of 1.40 and a debt-to-equity ratio of 0.90. The stock has a fifty day moving average of $34.27 and a 200 day moving average of $37.14. TreeHouse Foods has a twelve month low of $28.04 and a twelve month high of $43.84. The firm has a market capitalization of $1.55 billion, a PE ratio of -64.43 and a beta of 0.22.

TreeHouse Foods (NYSE:THS) last posted its quarterly earnings results on Friday, February 14th. The company reported $0.95 EPS for the quarter, missing the consensus estimate of $0.97 by ($0.02). The business had revenue of $905.70 million during the quarter, compared to analysts’ expectations of $907.71 million. TreeHouse Foods had a negative net margin of 0.72% and a positive return on equity of 5.94%. TreeHouse Foods’s revenue for the quarter was down .5% compared to the same quarter last year. During the same period in the previous year, the company posted $0.77 earnings per share. On average, equities analysts expect that TreeHouse Foods will post 1.96 EPS for the current fiscal year.

Institutional Investors Weigh In On TreeHouse Foods

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Jane Street Group LLC grew its position in shares of TreeHouse Foods by 37.7% in the third quarter. Jane Street Group LLC now owns 124,173 shares of the company’s stock valued at $5,213,000 after purchasing an additional 33,978 shares during the period. JPMorgan Chase & Co. lifted its stake in TreeHouse Foods by 187.6% in the 3rd quarter. JPMorgan Chase & Co. now owns 316,428 shares of the company’s stock valued at $13,284,000 after buying an additional 206,411 shares in the last quarter. Entropy Technologies LP acquired a new stake in TreeHouse Foods in the 4th quarter worth about $333,000. Chartwell Investment Partners LLC purchased a new stake in TreeHouse Foods during the 3rd quarter worth approximately $8,042,000. Finally, Harbor Capital Advisors Inc. increased its stake in TreeHouse Foods by 68.2% during the 3rd quarter. Harbor Capital Advisors Inc. now owns 304,969 shares of the company’s stock worth $12,803,000 after buying an additional 123,669 shares in the last quarter. Hedge funds and other institutional investors own 99.81% of the company’s stock.

About TreeHouse Foods

TreeHouse Foods, Inc manufactures and distributes private brands snacks and beverages in the United States and internationally. The company provides snacking products, such as crackers, pretzels, in-store bakery items, frozen griddle items, cookies, and candies; and beverage and drink mixes, including non-dairy creamer, coffee, broths/stocks, powdered beverages and other blends, tea, and ready-to-drink-beverages.