TreeHouse Foods (NYSE:THS) Stock Price Expected to Rise, Stifel Nicolaus Analyst Says

TreeHouse Foods (NYSE:THS) had its price objective raised by equities researchers at Stifel Nicolaus from $32.00 to $35.00 in a report issued on Friday,Benzinga reports. The brokerage presently has a “hold” rating on the stock. Stifel Nicolaus’ price objective indicates a potential upside of 0.51% from the company’s previous close.

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

TreeHouse Foods Price Performance

THS stock opened at $34.82 on Friday. TreeHouse Foods has a one year low of $28.04 and a one year high of $43.84. The firm has a 50-day moving average of $34.35 and a two-hundred day moving average of $37.63. The firm has a market capitalization of $1.78 billion, a PE ratio of -74.09 and a beta of 0.22. The company has a current ratio of 1.40, a quick ratio of 0.53 and a debt-to-equity ratio of 0.90.

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 negative net margin of 0.72% and a positive return on equity of 5.94%. The firm had revenue of $854.40 million during the quarter, compared to analysts’ expectations of $881.15 million. During the same quarter last year, the company posted $0.57 EPS. The firm’s revenue was down 1.0% compared to the same quarter last year. On average, analysts forecast that TreeHouse Foods will post 1.96 earnings per share for the current year.

Institutional Trading of TreeHouse Foods

Large investors have recently added to or reduced their stakes in the business. Canada Pension Plan Investment Board bought a new position in shares of TreeHouse Foods in the 2nd quarter valued at approximately $37,000. Blue Trust Inc. raised its position in shares of 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 purchasing an additional 918 shares during the period. Signaturefd LLC lifted its stake in shares of TreeHouse Foods by 42.1% in the third quarter. Signaturefd LLC now owns 999 shares of the company’s stock worth $42,000 after buying an additional 296 shares during the last quarter. KBC Group NV boosted its holdings in shares of TreeHouse Foods by 40.9% during the 3rd quarter. KBC Group NV now owns 1,943 shares of the company’s stock worth $82,000 after buying an additional 564 shares during the period. Finally, GAMMA Investing LLC grew its stake in TreeHouse Foods by 95.1% in the 3rd quarter. GAMMA Investing LLC now owns 2,519 shares of the company’s stock valued at $106,000 after buying an additional 1,228 shares during the last quarter. 99.81% of the stock is owned by institutional investors.

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.