Mizuho Increases TreeHouse Foods (NYSE:THS) Price Target to $40.00

TreeHouse Foods (NYSE:THS) had its price objective boosted by Mizuho from $37.00 to $40.00 in a report issued on Monday morning, Benzinga reports. Mizuho currently has a neutral rating on the stock.

Several other analysts also recently weighed in on THS. Stifel Nicolaus boosted their price target on shares of TreeHouse Foods from $36.00 to $41.00 and gave the stock a hold rating in a research note on Tuesday, August 6th. TD Cowen lowered their target price on TreeHouse Foods from $38.00 to $37.00 and set a hold rating for the company in a research note on Tuesday, May 7th. Barclays increased their target price on TreeHouse Foods from $36.00 to $39.00 and gave the company an equal weight rating in a report on Tuesday, August 6th. Finally, StockNews.com raised TreeHouse Foods from a sell rating to a hold rating in a research note on Tuesday, August 6th. Seven equities research analysts have rated the stock with a hold rating, According to MarketBeat.com, the stock has a consensus rating of Hold and an average target price of $40.00.

TreeHouse Foods Price Performance

THS opened at $41.39 on Monday. The company has a current ratio of 1.44, a quick ratio of 0.52 and a debt-to-equity ratio of 0.90. The stock has a market capitalization of $2.18 billion, a P/E ratio of 89.97 and a beta of 0.24. The stock has a 50-day moving average price of $38.10 and a 200-day moving average price of $37.27. TreeHouse Foods has a 12-month low of $33.28 and a 12-month high of $48.49.

TreeHouse Foods (NYSE:THS) last issued its earnings results on Monday, August 5th. The company reported $0.29 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.13 by $0.16. The business had revenue of $788.50 million during the quarter, compared to analyst estimates of $784.10 million. TreeHouse Foods had a positive return on equity of 5.42% and a negative net margin of 0.41%. TreeHouse Foods’s revenue for the quarter was down 1.9% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.42 earnings per share. Equities analysts predict that TreeHouse Foods will post 2.31 earnings per share for the current fiscal year.

Institutional Trading of TreeHouse Foods

Several large investors have recently modified their holdings of THS. Creative Planning bought a new position in TreeHouse Foods during the 2nd quarter valued at approximately $353,000. Mackenzie Financial Corp increased its stake in shares of TreeHouse Foods by 16.4% during the second quarter. Mackenzie Financial Corp now owns 11,469 shares of the company’s stock valued at $420,000 after buying an additional 1,620 shares during the period. Dark Forest Capital Management LP bought a new position in shares of TreeHouse Foods during the second quarter valued at approximately $234,000. AQR Capital Management LLC bought a new position in shares of TreeHouse Foods during the second quarter valued at approximately $228,000. Finally, Armistice Capital LLC lifted its stake in TreeHouse Foods by 12.2% in the second quarter. Armistice Capital LLC now owns 783,000 shares of the company’s stock worth $28,689,000 after acquiring an additional 85,000 shares during the period. 99.81% of the stock is owned by institutional investors.

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.