TreeHouse Foods (NYSE:THS) Given New $40.00 Price Target at Mizuho

TreeHouse Foods (NYSE:THS) had its price objective increased by Mizuho from $37.00 to $40.00 in a report released on Monday morning, Benzinga reports. They currently have a neutral rating on the stock.

A number of other analysts also recently weighed in on THS. StockNews.com raised shares of TreeHouse Foods from a sell rating to a hold rating in a report on Tuesday, August 6th. Barclays raised their target price on TreeHouse Foods from $36.00 to $39.00 and gave the company an equal weight rating in a report on Tuesday, August 6th. Stifel Nicolaus boosted their price target on TreeHouse Foods from $36.00 to $41.00 and gave the stock a hold rating in a report on Tuesday, August 6th. Finally, TD Cowen decreased their target price on TreeHouse Foods from $38.00 to $37.00 and set a hold rating on the stock in a research report on Tuesday, May 7th. Seven research analysts have rated the stock with a hold rating, Based on data from MarketBeat, the stock has a consensus rating of Hold and an average price target of $40.00.

TreeHouse Foods Stock Up 2.5 %

Shares of THS opened at $41.39 on Monday. The company has a current ratio of 1.44, a quick ratio of 0.52 and a debt-to-equity ratio of 0.90. TreeHouse Foods has a 12 month low of $33.28 and a 12 month high of $48.49. The firm’s 50 day moving average is $38.10 and its 200-day moving average is $37.27. The stock has a market capitalization of $2.18 billion, a PE ratio of 89.97 and a beta of 0.24.

TreeHouse Foods (NYSE:THS) last posted its quarterly earnings data on Monday, August 5th. The company reported $0.29 EPS for the quarter, topping analysts’ consensus estimates of $0.13 by $0.16. The firm had revenue of $788.50 million for the quarter, compared to analyst estimates of $784.10 million. TreeHouse Foods had a positive return on equity of 5.42% and a negative net margin of 0.41%. The company’s revenue was down 1.9% on a year-over-year basis. During the same quarter last year, the company earned $0.42 EPS. Equities research analysts forecast that TreeHouse Foods will post 2.31 EPS for the current year.

Hedge Funds Weigh In On TreeHouse Foods

A number of institutional investors and hedge funds have recently bought and sold shares of the company. Creative Planning bought a new stake in shares of TreeHouse Foods during the second quarter worth about $353,000. Mackenzie Financial Corp boosted its position in TreeHouse Foods by 16.4% during the 2nd quarter. Mackenzie Financial Corp now owns 11,469 shares of the company’s stock worth $420,000 after buying an additional 1,620 shares during the period. Dark Forest Capital Management LP bought a new stake in TreeHouse Foods during the 2nd quarter worth approximately $234,000. AQR Capital Management LLC acquired a new position in TreeHouse Foods in the 2nd quarter valued at approximately $228,000. Finally, Armistice Capital LLC raised its stake in shares of TreeHouse Foods by 12.2% during the second quarter. Armistice Capital LLC now owns 783,000 shares of the company’s stock valued at $28,689,000 after acquiring an additional 85,000 shares during 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.