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

TreeHouse Foods (NYSE:THS) had its price objective increased by Barclays from $32.00 to $35.00 in a report published on Friday,Benzinga reports. They currently have an equal weight rating on the stock.

THS has been the topic of a number of other reports. Consumer Edge lowered TreeHouse Foods from an “overweight” rating to an “equal weight” rating in a report on Friday, November 15th. Stifel Nicolaus decreased their target price on shares of TreeHouse Foods from $41.00 to $32.00 and set a “hold” rating on the stock in a research report on Wednesday, November 13th. StockNews.com cut TreeHouse Foods from a “hold” rating to a “sell” rating in a report on Wednesday, January 15th. Finally, Truist Financial lowered their price target on TreeHouse Foods from $35.00 to $30.00 and set a “hold” rating for the company in a research report on Wednesday, November 13th. One research analyst has rated the stock with a sell rating and six have assigned a hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $34.80.

TreeHouse Foods Price Performance

THS opened at $35.01 on Friday. The firm has a market cap of $1.79 billion, a price-to-earnings ratio of -74.49 and a beta of 0.22. 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 firm’s 50-day simple moving average is $34.22 and its 200-day simple moving average is $37.73. TreeHouse Foods has a twelve month low of $28.04 and a twelve month high of $43.84.

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

Institutional Trading of TreeHouse Foods

Several institutional investors and hedge funds have recently made changes to their positions in THS. XTX Topco Ltd raised its stake in TreeHouse Foods by 10.3% in the second quarter. XTX Topco Ltd now owns 10,885 shares of the company’s stock worth $399,000 after buying an additional 1,016 shares in the last quarter. Canada Pension Plan Investment Board purchased a new position in shares of TreeHouse Foods in the 2nd quarter worth approximately $37,000. Public Sector Pension Investment Board grew its holdings in TreeHouse Foods by 7.0% in the second quarter. Public Sector Pension Investment Board now owns 111,762 shares of the company’s stock worth $4,095,000 after purchasing an additional 7,331 shares during the last quarter. Engine Capital Management LP lifted its holdings in shares of TreeHouse Foods by 319.5% during the 2nd quarter. Engine Capital Management LP now owns 152,832 shares of the company’s stock valued at $5,600,000 after purchasing an additional 116,396 shares during the last quarter. Finally, Shapiro Capital Management LLC boosted its position in shares of TreeHouse Foods by 22.0% in the 2nd quarter. Shapiro Capital Management LLC now owns 1,587,415 shares of the company’s stock worth $58,163,000 after purchasing an additional 286,770 shares in the last quarter. 99.81% of the stock is currently 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.