TreeHouse Foods (NYSE:THS) PT Lowered to $36.00 at Barclays

TreeHouse Foods (NYSE:THS) had its price objective reduced by stock analysts at Barclays from $39.00 to $36.00 in a report released on Wednesday, Benzinga reports. The firm presently has an “equal weight” rating on the stock. Barclays‘s price target points to a potential upside of 1.87% from the company’s previous close.

THS has been the topic of several other reports. Truist Financial cut shares of TreeHouse Foods from a “buy” rating to a “hold” rating and cut their price target for the stock from $45.00 to $35.00 in a research report on Tuesday, February 20th. Stifel Nicolaus dropped their target price on shares of TreeHouse Foods from $38.00 to $36.00 and set a “hold” rating on the stock in a report on Tuesday. Finally, TD Cowen dropped their target price on shares of TreeHouse Foods from $38.00 to $37.00 and set a “hold” rating on the stock in a report on Tuesday. One research analyst has rated the stock with a sell rating and five have given a hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $38.40.

TreeHouse Foods Price Performance

Shares of NYSE THS opened at $35.34 on Wednesday. The firm has a market cap of $1.90 billion, a PE ratio of 37.20 and a beta of 0.35. The company has a current ratio of 1.50, a quick ratio of 0.74 and a debt-to-equity ratio of 0.84. TreeHouse Foods has a 1-year low of $33.28 and a 1-year high of $54.52. The company has a fifty day moving average price of $37.00 and a 200 day moving average price of $39.46.

TreeHouse Foods (NYSE:THS) last issued its quarterly 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). TreeHouse Foods had a return on equity of 8.09% and a net margin of 1.51%. The business had revenue of $820.70 million for the quarter, compared to the consensus estimate of $798.44 million. During the same period last year, the firm earned $0.68 earnings per share. The company’s quarterly revenue was down 3.9% compared to the same quarter last year. Research analysts predict that TreeHouse Foods will post 2.22 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. JANA Partners Management LP bought a new position in TreeHouse Foods in the 3rd quarter valued at about $213,877,000. Blair William & Co. IL grew its position in shares of TreeHouse Foods by 8.9% during the 3rd quarter. Blair William & Co. IL now owns 441,909 shares of the company’s stock worth $19,258,000 after purchasing an additional 35,946 shares in the last quarter. Commonwealth Equity Services LLC grew its position in shares of TreeHouse Foods by 5.5% during the 3rd quarter. Commonwealth Equity Services LLC now owns 7,321 shares of the company’s stock worth $319,000 after purchasing an additional 384 shares in the last quarter. Victory Capital Management Inc. grew its position in shares of TreeHouse Foods by 27.9% during the 3rd quarter. Victory Capital Management Inc. now owns 385,552 shares of the company’s stock worth $16,802,000 after purchasing an additional 84,135 shares in the last quarter. Finally, Dark Forest Capital Management LP acquired a new position in shares of TreeHouse Foods during the 3rd quarter worth approximately $2,080,000. 99.81% of the stock is owned by institutional investors.

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.