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

Shares of TreeHouse Foods, Inc. (NYSE:THS) have been assigned a consensus rating of “Hold” from the six research firms that are currently covering the company, Marketbeat.com reports. Six investment analysts have rated the stock with a hold recommendation. The average twelve-month target price among brokers that have updated their coverage on the stock in the last year is $34.20.

Several research analysts have recently weighed in on the company. StockNews.com cut TreeHouse Foods from a “hold” rating to a “sell” rating in a research note on Wednesday. Barclays cut their price objective on TreeHouse Foods from $39.00 to $32.00 and set an “equal weight” rating for the company in a report 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. Truist Financial cut their price objective on TreeHouse Foods from $35.00 to $30.00 and set a “hold” rating for the company in a report on Wednesday, November 13th. Finally, Stifel Nicolaus cut 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.

Hedge Funds Weigh In On TreeHouse Foods

Several large investors have recently made changes to their positions in THS. Canada Pension Plan Investment Board purchased a new position in shares of TreeHouse Foods in the second quarter valued at about $37,000. Signaturefd LLC lifted its position in shares of TreeHouse Foods by 42.1% in the third quarter. Signaturefd LLC now owns 999 shares of the company’s stock valued at $42,000 after acquiring an additional 296 shares in the last quarter. KBC Group NV lifted its position in shares of TreeHouse Foods by 40.9% in the third quarter. KBC Group NV now owns 1,943 shares of the company’s stock valued at $82,000 after acquiring an additional 564 shares in the last quarter. GAMMA Investing LLC lifted its position in shares of TreeHouse Foods by 95.1% in the third 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 in the last quarter. Finally, Quest Partners LLC lifted its position in shares of TreeHouse Foods by 173.1% in the second 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 in the last quarter. 99.81% of the stock is currently owned by hedge funds and other institutional investors.

TreeHouse Foods Stock Performance

Shares of NYSE:THS opened at $35.06 on Friday. The stock has a fifty day simple moving average of $34.27 and a two-hundred day simple moving average of $37.73. TreeHouse Foods has a 12-month low of $28.04 and a 12-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.

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). TreeHouse Foods had a positive return on equity of 5.94% and a negative net margin of 0.72%. The business had revenue of $854.40 million during the quarter, compared to analysts’ expectations of $881.15 million. During the same quarter in the prior year, the firm earned $0.57 EPS. The firm’s revenue for the quarter was down 1.0% compared to the same quarter last year. As a group, equities research analysts expect that TreeHouse Foods will post 1.96 EPS for the current fiscal 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.