TreeHouse Foods (NYSE:THS) Price Target Cut to $37.00

TreeHouse Foods (NYSE:THS) had its target price decreased by analysts at TD Cowen from $38.00 to $37.00 in a research note issued on Tuesday, Benzinga reports. The brokerage currently has a “hold” rating on the stock. TD Cowen’s price target would indicate a potential upside of 6.35% from the company’s previous close.

THS has been the subject of a number of other reports. Stifel Nicolaus cut their target price on TreeHouse Foods from $38.00 to $36.00 and set a “hold” rating for the company in a research note on Tuesday. Truist Financial lowered TreeHouse Foods from a “buy” rating to a “hold” rating and cut their target price for the company from $45.00 to $35.00 in a research note 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 company’s stock. According to data from MarketBeat, TreeHouse Foods has a consensus rating of “Hold” and a consensus target price of $42.67.

TreeHouse Foods Stock Down 2.0 %

THS opened at $34.79 on Tuesday. TreeHouse Foods has a 1-year low of $33.28 and a 1-year high of $54.52. The company has a current ratio of 1.50, a quick ratio of 0.74 and a debt-to-equity ratio of 0.84. The stock has a market capitalization of $1.87 billion, a price-to-earnings ratio of 36.62 and a beta of 0.35. The business has a 50 day moving average of $37.01 and a 200-day moving average of $39.49.

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

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of THS. JANA Partners Management LP acquired a new position in TreeHouse Foods during the third quarter worth $213,877,000. Dimensional Fund Advisors LP raised its stake in TreeHouse Foods by 4.5% during the fourth quarter. Dimensional Fund Advisors LP now owns 3,364,605 shares of the company’s stock worth $139,463,000 after acquiring an additional 145,261 shares in the last quarter. Wellington Management Group LLP raised its stake in TreeHouse Foods by 6.5% during the third quarter. Wellington Management Group LLP now owns 1,231,391 shares of the company’s stock worth $53,664,000 after acquiring an additional 75,162 shares in the last quarter. Brown Advisory Inc. raised its stake in TreeHouse Foods by 20.5% during the fourth quarter. Brown Advisory Inc. now owns 1,123,484 shares of the company’s stock worth $46,568,000 after acquiring an additional 191,157 shares in the last quarter. Finally, New South Capital Management Inc. raised its stake in TreeHouse Foods by 29.0% during the first quarter. New South Capital Management Inc. now owns 1,120,149 shares of the company’s stock worth $43,630,000 after acquiring an additional 251,886 shares in the last quarter. 99.81% of the stock is currently owned by institutional investors and hedge funds.

About TreeHouse Foods

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.