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

Shares of TreeHouse Foods, Inc. (NYSE:THS) have earned a consensus rating of “Hold” from the six ratings firms that are presently covering the company, MarketBeat reports. Six equities research analysts have rated the stock with a hold rating. The average twelve-month price target among brokers that have covered the stock in the last year is $34.20.

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

Institutional Investors Weigh In On TreeHouse Foods

A number of institutional investors have recently added to or reduced their stakes in the company. Canada Pension Plan Investment Board bought a new stake in shares of TreeHouse Foods in the 2nd quarter worth $37,000. Signaturefd LLC raised its position in TreeHouse Foods by 42.1% in the third quarter. Signaturefd LLC now owns 999 shares of the company’s stock worth $42,000 after acquiring an additional 296 shares in the last quarter. Innealta Capital LLC acquired a new stake in TreeHouse Foods in the 2nd quarter valued at about $44,000. Rothschild Investment LLC bought a new position in shares of TreeHouse Foods during the 2nd quarter valued at about $67,000. Finally, KBC Group NV grew its stake in shares of TreeHouse Foods by 40.9% in the 3rd quarter. KBC Group NV now owns 1,943 shares of the company’s stock worth $82,000 after purchasing an additional 564 shares during the last quarter. 99.81% of the stock is currently owned by institutional investors and hedge funds.

TreeHouse Foods Stock Down 2.6 %

Shares of TreeHouse Foods stock opened at $33.13 on Monday. The stock has a market capitalization of $1.70 billion, a price-to-earnings ratio of -70.49 and a beta of 0.23. TreeHouse Foods has a twelve month low of $28.04 and a twelve month high of $43.84. The company has a current ratio of 1.40, a quick ratio of 0.53 and a debt-to-equity ratio of 0.90. The business’s 50 day simple moving average is $36.30 and its 200-day simple moving average is $38.03.

TreeHouse Foods (NYSE:THS) last issued its 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 during the quarter, compared to analyst estimates of $881.15 million. TreeHouse Foods had a positive return on equity of 5.94% and a negative net margin of 0.72%. TreeHouse Foods’s quarterly revenue was down 1.0% on a year-over-year basis. During the same period in the prior year, the business earned $0.57 earnings per share. Equities research analysts forecast that TreeHouse Foods will post 1.96 earnings per share for the current year.

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.