Analysts Set TreeHouse Foods, Inc. (NYSE:THS) Target Price at $34.20

Shares of TreeHouse Foods, Inc. (NYSE:THS) have been given an average rating of “Hold” by the six analysts that are currently covering the firm, MarketBeat reports. Six equities research analysts have rated the stock with a hold recommendation. The average 1-year price objective among brokerages that have issued ratings on the stock in the last year is $34.20.

Several analysts have issued reports on the stock. Barclays decreased their price target on shares of TreeHouse Foods from $39.00 to $32.00 and set an “equal weight” rating on the stock in a research report on Wednesday, November 13th. Truist Financial reduced their target price on TreeHouse Foods from $35.00 to $30.00 and set a “hold” rating for the company in a research report on Wednesday, November 13th. Consumer Edge downgraded shares of TreeHouse Foods from an “overweight” rating to an “equal weight” rating in a report on Friday, November 15th. StockNews.com raised shares of TreeHouse Foods from a “sell” rating to a “hold” rating in a research note on Monday, January 6th. Finally, Stifel Nicolaus cut their price target on shares of TreeHouse Foods from $41.00 to $32.00 and set a “hold” rating for the company in a research note on Wednesday, November 13th.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in THS. Signaturefd LLC boosted its stake in shares of TreeHouse Foods by 42.1% in the 3rd quarter. Signaturefd LLC now owns 999 shares of the company’s stock valued at $42,000 after purchasing an additional 296 shares in the last quarter. Canada Pension Plan Investment Board bought a new stake in shares of TreeHouse Foods during the second quarter worth $37,000. KBC Group NV increased its holdings in shares of TreeHouse Foods by 40.9% during the third quarter. KBC Group NV now owns 1,943 shares of the company’s stock worth $82,000 after buying an additional 564 shares in the last quarter. GAMMA Investing LLC lifted its stake in shares of TreeHouse Foods by 95.1% in the 3rd quarter. GAMMA Investing LLC now owns 2,519 shares of the company’s stock valued at $106,000 after acquiring an additional 1,228 shares during the last quarter. Finally, Quest Partners LLC lifted its stake in shares of TreeHouse Foods by 173.1% in the 2nd quarter. Quest Partners LLC now owns 3,387 shares of the company’s stock valued at $124,000 after acquiring an additional 2,147 shares during the last quarter. Institutional investors own 99.81% of the company’s stock.

TreeHouse Foods Trading Down 3.5 %

Shares of NYSE THS opened at $33.35 on Friday. The company has a quick ratio of 0.53, a current ratio of 1.40 and a debt-to-equity ratio of 0.90. TreeHouse Foods has a 12 month low of $28.04 and a 12 month high of $43.84. The company has a market cap of $1.71 billion, a price-to-earnings ratio of -70.96 and a beta of 0.22. The business has a fifty day simple moving average of $34.57 and a 200-day simple moving average of $37.82.

TreeHouse Foods (NYSE:THS) last released its earnings results on Tuesday, November 12th. The company reported $0.74 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.75 by ($0.01). TreeHouse Foods had a positive return on equity of 5.94% and a negative net margin of 0.72%. The company had revenue of $854.40 million during the quarter, compared to analysts’ expectations of $881.15 million. During the same quarter in the previous year, the company earned $0.57 EPS. The firm’s quarterly revenue was down 1.0% compared to the same quarter last year. Sell-side analysts predict that TreeHouse Foods will post 1.96 EPS 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.