Stifel Nicolaus Lowers TreeHouse Foods (NYSE:THS) Price Target to $36.00

TreeHouse Foods (NYSE:THS) had its target price lowered by research analysts at Stifel Nicolaus from $38.00 to $36.00 in a research note issued to investors on Tuesday, Benzinga reports. The brokerage presently has a “hold” rating on the stock. Stifel Nicolaus’ target price points to a potential upside of 3.48% from the stock’s current price.

Separately, Truist Financial lowered TreeHouse Foods from a “buy” rating to a “hold” rating and dropped their target price for the company from $45.00 to $35.00 in a report on Tuesday, February 20th. One equities research analyst has rated the stock with a sell rating and five have given a hold rating to the stock. Based on data from MarketBeat.com, TreeHouse Foods presently has a consensus rating of “Hold” and an average target price of $42.67.

TreeHouse Foods Stock Performance

NYSE:THS opened at $34.79 on Tuesday. The firm has a market capitalization of $1.87 billion, a PE ratio of 36.62 and a beta of 0.35. The business’s fifty day moving average price is $37.01 and its 200 day moving average price is $39.49. The company has a debt-to-equity ratio of 0.84, a current ratio of 1.50 and a quick ratio of 0.74. TreeHouse Foods has a 12 month low of $33.28 and a 12 month high of $54.52.

TreeHouse Foods (NYSE:THS) last posted its earnings results on Monday, May 6th. The company reported ($0.03) EPS for the quarter, missing the consensus estimate of ($0.02) by ($0.01). The business had revenue of $820.70 million during the quarter, compared to analysts’ expectations of $798.44 million. TreeHouse Foods had a net margin of 1.51% and a return on equity of 8.09%. The business’s quarterly revenue was down 3.9% compared to the same quarter last year. During the same period last year, the company earned $0.68 EPS. On average, sell-side analysts anticipate that TreeHouse Foods will post 2.22 earnings per share for the current fiscal year.

Hedge Funds Weigh In On TreeHouse Foods

Several large investors have recently bought and sold shares of THS. Commonwealth Equity Services LLC boosted its stake in TreeHouse Foods by 5.5% in the third quarter. Commonwealth Equity Services LLC now owns 7,321 shares of the company’s stock valued at $319,000 after acquiring an additional 384 shares in the last quarter. Raymond James & Associates boosted its stake in shares of TreeHouse Foods by 2.1% during the third quarter. Raymond James & Associates now owns 19,435 shares of the company’s stock worth $847,000 after buying an additional 400 shares during the period. Verdence Capital Advisors LLC boosted its stake in shares of TreeHouse Foods by 5.3% during the third quarter. Verdence Capital Advisors LLC now owns 5,982 shares of the company’s stock worth $261,000 after buying an additional 303 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in shares of TreeHouse Foods by 9.5% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 11,318 shares of the company’s stock worth $493,000 after buying an additional 979 shares during the last quarter. Finally, TD Asset Management Inc increased its position in TreeHouse Foods by 3.4% in the 3rd quarter. TD Asset Management Inc now owns 412,184 shares of the company’s stock valued at $17,963,000 after acquiring an additional 13,400 shares during the period. Institutional investors and hedge funds own 99.81% of the company’s stock.

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.