TreeHouse Foods (NYSE:THS) Price Target Cut to $31.00 by Analysts at Jefferies Financial Group

TreeHouse Foods (NYSE:THS) had its target price lowered by Jefferies Financial Group from $37.00 to $31.00 in a research report sent to investors on Tuesday morning,Benzinga reports. The brokerage currently has a hold rating on the stock.

Other equities research analysts also recently issued reports about the company. StockNews.com raised TreeHouse Foods from a “sell” rating to a “hold” rating in a report on Tuesday. Consumer Edge downgraded TreeHouse Foods from an “overweight” rating to an “equal weight” rating in a report on Friday, November 15th. Truist Financial decreased their price objective on TreeHouse Foods from $35.00 to $30.00 and set a “hold” rating on the stock in a report on Wednesday, November 13th. Barclays lifted their price objective on TreeHouse Foods from $35.00 to $36.00 and gave the company an “equal weight” rating in a report on Tuesday. Finally, Stifel Nicolaus lifted their price objective on TreeHouse Foods from $32.00 to $35.00 and gave the company a “hold” rating in a report on Friday, January 24th. Eight research analysts have rated the stock with a hold rating, Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $34.83.

TreeHouse Foods Stock Down 8.4 %

THS stock opened at $30.29 on Tuesday. The company has a debt-to-equity ratio of 0.90, a current ratio of 1.40 and a quick ratio of 0.53. TreeHouse Foods has a 52-week low of $28.04 and a 52-week high of $43.84. The company has a 50-day moving average of $34.27 and a two-hundred day moving average of $37.14. The stock has a market capitalization of $1.55 billion, a price-to-earnings ratio of -64.43 and a beta of 0.22.

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

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the stock. Blue Trust Inc. raised its position in TreeHouse Foods by 456.7% in the 4th quarter. Blue Trust Inc. now owns 1,119 shares of the company’s stock worth $39,000 after purchasing an additional 918 shares during the last quarter. Signaturefd LLC raised its position in TreeHouse Foods by 42.1% in the 3rd quarter. Signaturefd LLC now owns 999 shares of the company’s stock worth $42,000 after purchasing an additional 296 shares during the last quarter. KBC Group NV raised its position in TreeHouse Foods by 40.9% in the 3rd 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 last quarter. Sterling Capital Management LLC raised its position in TreeHouse Foods by 134.4% in the 4th quarter. Sterling Capital Management LLC now owns 2,374 shares of the company’s stock worth $83,000 after purchasing an additional 1,361 shares during the last quarter. Finally, CIBC Private Wealth Group LLC raised its position in TreeHouse Foods by 58.2% in the 4th quarter. CIBC Private Wealth Group LLC now owns 4,101 shares of the company’s stock worth $142,000 after purchasing an additional 1,508 shares during the last quarter. Institutional investors own 99.81% of the company’s stock.

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.