TreeHouse Foods (NYSE:THS) Price Target Cut to $36.00 by Analysts at Barclays

TreeHouse Foods (NYSE:THS) had its price objective lowered by Barclays from $39.00 to $36.00 in a research report report published on Wednesday, Benzinga reports. The firm currently has an equal weight rating on the stock.

A number of other research analysts also recently commented on the stock. Stifel Nicolaus decreased their price objective on shares of TreeHouse Foods from $38.00 to $36.00 and set a hold rating for the company in a research report on Tuesday. TD Cowen reduced their target price on shares of TreeHouse Foods from $38.00 to $37.00 and set a hold rating for the company in a report on Tuesday. Finally, Truist Financial downgraded shares of TreeHouse Foods from a buy rating to a hold rating and reduced their target price for the stock from $45.00 to $35.00 in a report on Tuesday, February 20th. One analyst has rated the stock with a sell rating and five have assigned a hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of Hold and a consensus target price of $42.67.

TreeHouse Foods Stock Up 1.6 %

THS traded up $0.54 during trading hours on Wednesday, hitting $35.34. 488,828 shares of the company’s stock were exchanged, compared to its average volume of 538,421. TreeHouse Foods has a 1-year low of $33.28 and a 1-year high of $54.52. The stock’s 50-day moving average is $37.01 and its two-hundred day moving average is $39.49. The stock has a market cap of $1.90 billion, a price-to-earnings ratio of 36.86 and a beta of 0.35. The company has a quick ratio of 0.74, a current ratio of 1.50 and a debt-to-equity ratio of 0.84.

TreeHouse Foods (NYSE:THS) last announced its earnings results on Monday, May 6th. The company reported ($0.03) EPS for the quarter, missing the consensus estimate of ($0.02) by ($0.01). TreeHouse Foods had a return on equity of 8.09% and a net margin of 1.51%. The business had revenue of $820.70 million for the quarter, compared to analyst estimates of $798.44 million. During the same quarter in the previous year, the company posted $0.68 EPS. The business’s revenue for the quarter was down 3.9% compared to the same quarter last year. Sell-side analysts predict that TreeHouse Foods will post 2.22 earnings per share for the current fiscal year.

Institutional Trading of TreeHouse Foods

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Verdence Capital Advisors LLC raised its stake in TreeHouse Foods by 5.3% in the 3rd quarter. Verdence Capital Advisors LLC now owns 5,982 shares of the company’s stock worth $261,000 after purchasing an additional 303 shares in the last quarter. Commonwealth Equity Services LLC raised its stake in TreeHouse Foods by 5.5% in the 3rd quarter. Commonwealth Equity Services LLC now owns 7,321 shares of the company’s stock worth $319,000 after purchasing an additional 384 shares in the last quarter. Raymond James & Associates raised its stake in TreeHouse Foods by 2.1% in the 3rd quarter. Raymond James & Associates now owns 19,435 shares of the company’s stock worth $847,000 after purchasing an additional 400 shares in the last quarter. Texas Permanent School Fund Corp raised its stake in TreeHouse Foods by 1.3% in the 1st quarter. Texas Permanent School Fund Corp now owns 44,042 shares of the company’s stock worth $1,715,000 after purchasing an additional 570 shares in the last quarter. Finally, ProShare Advisors LLC raised its position in shares of TreeHouse Foods by 6.0% in the 1st quarter. ProShare Advisors LLC now owns 10,227 shares of the company’s stock valued at $398,000 after buying an additional 579 shares in 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.