TreeHouse Foods, Inc. (NYSE:THS) Receives $34.20 Average Price Target from Brokerages

TreeHouse Foods, Inc. (NYSE:THS) has received a consensus recommendation of “Hold” from the six analysts that are currently covering the company, MarketBeat.com reports. Six investment analysts have rated the stock with a hold rating. The average 1 year price objective among brokers that have covered the stock in the last year is $34.20.

THS has been the topic of several research analyst reports. Barclays dropped their price objective on TreeHouse Foods from $39.00 to $32.00 and set an “equal weight” rating on the stock in a research note on Wednesday, November 13th. Truist Financial cut their price target on TreeHouse Foods from $35.00 to $30.00 and set a “hold” rating for the company in a research note on Wednesday, November 13th. Consumer Edge lowered TreeHouse Foods from an “overweight” rating to an “equal weight” rating in a report on Friday, November 15th. Stifel Nicolaus dropped their price objective on shares of TreeHouse Foods from $41.00 to $32.00 and set a “hold” rating on the stock in a report on Wednesday, November 13th. Finally, Mizuho lifted their target price on shares of TreeHouse Foods from $37.00 to $40.00 and gave the stock a “neutral” rating in a research note on Monday, August 26th.

TreeHouse Foods Stock Up 1.9 %

Shares of NYSE:THS opened at $33.63 on Monday. TreeHouse Foods has a 1 year low of $28.04 and a 1 year high of $43.84. The company has a market capitalization of $1.72 billion, a PE ratio of -71.55 and a beta of 0.23. The business has a fifty day moving average price of $35.84 and a two-hundred day moving average price of $37.95. 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 (NYSE:THS) last posted its quarterly earnings results 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 company had revenue of $854.40 million for the quarter, compared to the consensus estimate of $881.15 million. TreeHouse Foods had a negative net margin of 0.72% and a positive return on equity of 5.94%. TreeHouse Foods’s quarterly revenue was down 1.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.57 EPS. Analysts forecast that TreeHouse Foods will post 1.96 earnings per share for the current year.

Hedge Funds Weigh In On TreeHouse Foods

A number of large investors have recently modified their holdings of THS. Barclays PLC increased its holdings in TreeHouse Foods by 7.0% during the 3rd quarter. Barclays PLC now owns 337,657 shares of the company’s stock worth $14,175,000 after acquiring an additional 21,951 shares during the period. Dean Investment Associates LLC increased its holdings in shares of TreeHouse Foods by 49.4% in the third quarter. Dean Investment Associates LLC now owns 97,799 shares of the company’s stock worth $4,106,000 after purchasing an additional 32,336 shares during the period. Jane Street Group LLC raised its position in shares of TreeHouse Foods by 37.7% in the third quarter. Jane Street Group LLC now owns 124,173 shares of the company’s stock worth $5,213,000 after buying an additional 33,978 shares in the last quarter. HighTower Advisors LLC boosted its stake in TreeHouse Foods by 90.8% during the third quarter. HighTower Advisors LLC now owns 11,374 shares of the company’s stock valued at $488,000 after buying an additional 5,413 shares during the period. Finally, Verition Fund Management LLC purchased a new position in TreeHouse Foods during the third quarter worth about $1,202,000. 99.81% of the stock is currently owned by institutional investors.

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.