Analysts Set TreeHouse Foods, Inc. (NYSE:THS) PT at $35.40

TreeHouse Foods, Inc. (NYSE:THS) has received an average rating of “Hold” from the six brokerages that are covering the firm, MarketBeat Ratings reports. Six research analysts have rated the stock with a hold recommendation. The average 12 month price target among brokerages that have issued ratings on the stock in the last year is $35.40.

A number of equities analysts have issued reports on THS shares. Consumer Edge lowered TreeHouse Foods from an “overweight” rating to an “equal weight” rating in a research note on Friday, November 15th. Stifel Nicolaus raised their target price on TreeHouse Foods from $32.00 to $35.00 and gave the company a “hold” rating in a research note on Friday, January 24th. StockNews.com cut shares of TreeHouse Foods from a “hold” rating to a “sell” rating in a research report on Monday. Truist Financial cut their price target on shares of TreeHouse Foods from $35.00 to $30.00 and set a “hold” rating for the company in a report on Wednesday, November 13th. Finally, Barclays lifted their price objective on shares of TreeHouse Foods from $32.00 to $35.00 and gave the stock an “equal weight” rating in a research note on Friday, January 17th.

TreeHouse Foods Stock Performance

Shares of THS opened at $33.55 on Tuesday. The firm has a market capitalization of $1.72 billion, a PE ratio of -71.37 and a beta of 0.22. The company has a quick ratio of 0.53, a current ratio of 1.40 and a debt-to-equity ratio of 0.90. The firm has a 50-day moving average price of $34.30 and a 200 day moving average price of $37.35. TreeHouse Foods has a 52-week low of $28.04 and a 52-week high of $43.84.

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

Institutional Trading of TreeHouse Foods

Institutional investors and hedge funds have recently bought and sold shares of the stock. Rubric Capital Management LP purchased a new position in shares of TreeHouse Foods in the third quarter worth approximately $48,011,000. FMR LLC grew its position in TreeHouse Foods by 28.1% during the 3rd quarter. FMR LLC now owns 2,740,048 shares of the company’s stock worth $115,027,000 after purchasing an additional 600,723 shares in the last quarter. Raymond James Financial Inc. purchased a new position in TreeHouse Foods during the 4th quarter worth approximately $10,362,000. JPMorgan Chase & Co. lifted its holdings in shares of TreeHouse Foods by 187.6% in the third quarter. JPMorgan Chase & Co. now owns 316,428 shares of the company’s stock valued at $13,284,000 after purchasing an additional 206,411 shares in the last quarter. Finally, Chartwell Investment Partners LLC purchased a new stake in shares of TreeHouse Foods in the third quarter valued at $8,042,000. 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.