TreeHouse Foods (NYSE:THS) had its target price reduced by research analysts at Wells Fargo & Co from $50.00 to $48.00 in a report issued on Monday. The brokerage currently has a “market perform” rating on the stock. Wells Fargo & Co’s target price suggests a potential downside of 0.46% from the company’s previous close.
Several other equities research analysts have also commented on THS. ValuEngine upgraded shares of TreeHouse Foods from a “sell” rating to a “hold” rating in a research note on Friday, November 2nd. Citigroup cut their price target on shares of TreeHouse Foods from $58.00 to $55.00 and set a “buy” rating on the stock in a research note on Friday, November 2nd. UBS Group set a $47.00 price target on shares of TreeHouse Foods and gave the stock a “hold” rating in a research note on Friday, November 2nd. Barclays reiterated a “hold” rating and set a $53.00 price target on shares of TreeHouse Foods in a research note on Sunday, August 5th. Finally, JPMorgan Chase & Co. upgraded shares of TreeHouse Foods from an “underweight” rating to a “neutral” rating and set a $39.00 price target on the stock in a research note on Friday, August 3rd. Twelve research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. TreeHouse Foods currently has a consensus rating of “Hold” and a consensus target price of $48.62.
Shares of NYSE:THS opened at $48.22 on Monday. TreeHouse Foods has a 12 month low of $36.35 and a 12 month high of $55.60. The company has a current ratio of 1.90, a quick ratio of 0.59 and a debt-to-equity ratio of 1.07. The firm has a market cap of $2.51 billion, a P/E ratio of 17.16, a P/E/G ratio of 3.81 and a beta of 0.41.
TreeHouse Foods (NYSE:THS) last announced its quarterly earnings results on Thursday, November 1st. The company reported $0.62 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.55 by $0.07. TreeHouse Foods had a negative net margin of 5.93% and a positive return on equity of 5.61%. The firm had revenue of $1.39 billion for the quarter, compared to analyst estimates of $1.42 billion. During the same period last year, the business earned $0.67 EPS. TreeHouse Foods’s revenue for the quarter was down 10.0% compared to the same quarter last year. Equities analysts expect that TreeHouse Foods will post 2.13 EPS for the current fiscal year.
A number of institutional investors have recently modified their holdings of THS. Channing Capital Management LLC purchased a new position in TreeHouse Foods during the 2nd quarter worth $54,014,000. Dimensional Fund Advisors LP grew its position in TreeHouse Foods by 16.2% during the 2nd quarter. Dimensional Fund Advisors LP now owns 2,284,193 shares of the company’s stock worth $119,945,000 after purchasing an additional 319,196 shares during the last quarter. WINTON GROUP Ltd purchased a new position in TreeHouse Foods during the 2nd quarter worth $13,362,000. Renaissance Technologies LLC grew its position in TreeHouse Foods by 591.4% during the 2nd quarter. Renaissance Technologies LLC now owns 295,900 shares of the company’s stock worth $15,538,000 after purchasing an additional 253,100 shares during the last quarter. Finally, Russell Investments Group Ltd. grew its position in TreeHouse Foods by 13.6% during the 3rd quarter. Russell Investments Group Ltd. now owns 1,295,204 shares of the company’s stock worth $61,977,000 after purchasing an additional 154,974 shares during the last quarter.
TreeHouse Foods Company Profile
TreeHouse Foods, Inc operates as a food and beverage manufacturer in the United States, Canada, and Italy. The company operates through Baked Goods, Beverages, Condiments, Meals, and Snacks segments. The Baked Goods segment offers candies, cookies, crackers, in-store bakery products, pita chips, pretzels, refrigerated dough, retail griddle waffles, pancakes, and French toasts.
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