TreeHouse Foods (NYSE:THS) Price Target Raised to $35.00

TreeHouse Foods (NYSE:THS) had its target price upped by stock analysts at Stifel Nicolaus from $32.00 to $35.00 in a report released on Friday,Benzinga reports. The firm presently has a “hold” rating on the stock. Stifel Nicolaus’ price target points to a potential upside of 1.45% from the stock’s previous close.

Several other research analysts also recently issued reports on THS. Barclays boosted their price objective on shares of TreeHouse Foods from $32.00 to $35.00 and gave the stock an “equal weight” rating in a report on Friday, January 17th. Truist Financial lowered their price target on TreeHouse Foods from $35.00 to $30.00 and set a “hold” rating on the stock in a research note on Wednesday, November 13th. Consumer Edge downgraded TreeHouse Foods from an “overweight” rating to an “equal weight” rating in a research report on Friday, November 15th. Finally, StockNews.com upgraded TreeHouse Foods from a “sell” rating to a “hold” rating in a research report on Thursday. Seven analysts have rated the stock with a hold rating, According to data from MarketBeat.com, TreeHouse Foods currently has an average rating of “Hold” and a consensus target price of $35.40.

TreeHouse Foods Stock Performance

Shares of NYSE:THS traded up $0.26 during midday trading on Friday, hitting $34.50. The company’s stock had a trading volume of 101,995 shares, compared to its average volume of 501,456. TreeHouse Foods has a fifty-two week low of $28.04 and a fifty-two week high of $43.84. The company has a debt-to-equity ratio of 0.90, a quick ratio of 0.53 and a current ratio of 1.40. The stock has a market capitalization of $1.77 billion, a price-to-earnings ratio of -73.40 and a beta of 0.22. The stock’s 50 day simple moving average is $34.30 and its 200 day simple moving average is $37.64.

TreeHouse Foods (NYSE:THS) last issued its quarterly earnings results on Tuesday, November 12th. The company reported $0.74 EPS for the quarter, missing the consensus estimate of $0.75 by ($0.01). TreeHouse Foods had a positive return on equity of 5.94% and a negative net margin of 0.72%. The business had revenue of $854.40 million during the quarter, compared to the consensus estimate of $881.15 million. During the same period in the prior year, the firm earned $0.57 earnings per share. The business’s quarterly revenue was down 1.0% on a year-over-year basis. As a group, research analysts anticipate that TreeHouse Foods will post 1.96 earnings per share for the current year.

Institutional Trading of TreeHouse Foods

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Signaturefd LLC grew its stake in shares of TreeHouse Foods by 42.1% during the third quarter. Signaturefd LLC now owns 999 shares of the company’s stock valued at $42,000 after purchasing an additional 296 shares during the last quarter. Canada Pension Plan Investment Board acquired a new position in shares of TreeHouse Foods during the second quarter valued at $37,000. Blue Trust Inc. boosted its holdings in TreeHouse Foods by 456.7% in the fourth quarter. Blue Trust Inc. now owns 1,119 shares of the company’s stock valued at $39,000 after acquiring an additional 918 shares during the last quarter. KBC Group NV increased its position in TreeHouse Foods by 40.9% in the third quarter. KBC Group NV now owns 1,943 shares of the company’s stock worth $82,000 after purchasing an additional 564 shares during the period. Finally, GAMMA Investing LLC raised its holdings in TreeHouse Foods by 95.1% during the 3rd quarter. GAMMA Investing LLC now owns 2,519 shares of the company’s stock worth $106,000 after purchasing an additional 1,228 shares during the last quarter. 99.81% of the stock is currently owned by institutional investors and hedge funds.

TreeHouse Foods Company Profile

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.