Barclays Issues Positive Forecast for TreeHouse Foods (NYSE:THS) Stock Price

TreeHouse Foods (NYSE:THS) had its price objective hoisted by Barclays from $35.00 to $36.00 in a report released on Tuesday morning,Benzinga reports. Barclays currently has an equal weight rating on the stock.

Several other brokerages have also issued reports on THS. Truist Financial reduced their price target on TreeHouse Foods from $35.00 to $30.00 and set a “hold” rating for the company in a report on Wednesday, November 13th. 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 lowered TreeHouse Foods from an “overweight” rating to an “equal weight” rating in a report on Friday, November 15th. Finally, StockNews.com raised TreeHouse Foods from a “sell” rating to a “hold” rating in a report on Tuesday. Eight research analysts have rated the stock with a hold rating, According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $34.83.

TreeHouse Foods Stock Performance

NYSE:THS opened at $30.29 on Tuesday. The firm has a market cap of $1.55 billion, a price-to-earnings ratio of -64.43 and a beta of 0.22. TreeHouse Foods has a twelve month low of $28.04 and a twelve month high of $43.84. The company has a current ratio of 1.40, a quick ratio of 0.53 and a debt-to-equity ratio of 0.90. The company has a 50-day moving average of $34.27 and a 200-day moving average of $37.14.

TreeHouse Foods (NYSE:THS) last announced its 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). TreeHouse Foods had a positive return on equity of 5.94% and a negative net margin of 0.72%. The firm had revenue of $905.70 million during the quarter, compared to analyst estimates of $907.71 million. During the same quarter in the previous year, the business earned $0.77 earnings per share. The business’s quarterly revenue was down .5% compared to the same quarter last year. Analysts forecast that TreeHouse Foods will post 1.96 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in TreeHouse Foods by 10.1% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 117,296 shares of the company’s stock valued at $4,121,000 after acquiring an additional 10,746 shares during the last quarter. Voloridge Investment Management LLC acquired a new stake in shares of TreeHouse Foods in the 4th quarter valued at about $5,613,000. Vident Advisory LLC acquired a new position in TreeHouse Foods during the 4th quarter worth approximately $223,000. Two Sigma Advisers LP bought a new position in shares of TreeHouse Foods during the 4th quarter worth approximately $696,000. Finally, Two Sigma Investments LP raised its holdings in shares of TreeHouse Foods by 105.1% in the fourth quarter. Two Sigma Investments LP now owns 152,698 shares of the company’s stock valued at $5,364,000 after purchasing an additional 78,250 shares during the last quarter. Institutional investors and hedge funds 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.