TreeHouse Foods (NYSE:THS) Price Target Cut to $37.00 by Analysts at TD Cowen

TreeHouse Foods (NYSE:THS) had its price target lowered by investment analysts at TD Cowen from $38.00 to $37.00 in a research report issued on Tuesday, Benzinga reports. The brokerage presently has a “hold” rating on the stock. TD Cowen’s price target points to a potential upside of 6.35% from the stock’s current price.

Several other equities research analysts have also recently weighed in on THS. Stifel Nicolaus cut their price objective on shares of TreeHouse Foods from $38.00 to $36.00 and set a “hold” rating for the company in a research report on Tuesday. Truist Financial cut shares of TreeHouse Foods from a “buy” rating to a “hold” rating and cut their price objective for the stock from $45.00 to $35.00 in a research report on Tuesday, February 20th. One investment analyst has rated the stock with a sell rating and five have given a hold rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $42.67.

TreeHouse Foods Stock Performance

NYSE THS opened at $34.79 on Tuesday. The firm has a 50-day moving average price of $37.01 and a two-hundred day moving average price of $39.49. TreeHouse Foods has a 12-month low of $33.28 and a 12-month high of $54.52. The company has a market capitalization of $1.87 billion, a P/E ratio of 36.62 and a beta of 0.35. The company has a quick ratio of 0.74, a current ratio of 1.50 and a debt-to-equity ratio of 0.84.

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

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the company. JANA Partners Management LP acquired a new position in shares of TreeHouse Foods in the third quarter valued at approximately $213,877,000. Dimensional Fund Advisors LP increased its position in TreeHouse Foods by 4.5% during the 4th quarter. Dimensional Fund Advisors LP now owns 3,364,605 shares of the company’s stock valued at $139,463,000 after purchasing an additional 145,261 shares during the period. Wellington Management Group LLP increased its position in TreeHouse Foods by 6.5% during the 3rd quarter. Wellington Management Group LLP now owns 1,231,391 shares of the company’s stock valued at $53,664,000 after purchasing an additional 75,162 shares during the period. Brown Advisory Inc. increased its position in TreeHouse Foods by 20.5% during the 4th quarter. Brown Advisory Inc. now owns 1,123,484 shares of the company’s stock valued at $46,568,000 after purchasing an additional 191,157 shares during the period. Finally, New South Capital Management Inc. increased its position in TreeHouse Foods by 29.0% during the 1st quarter. New South Capital Management Inc. now owns 1,120,149 shares of the company’s stock valued at $43,630,000 after purchasing an additional 251,886 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.