Stifel Nicolaus Issues Positive Forecast for TreeHouse Foods (NYSE:THS) Stock Price

TreeHouse Foods (NYSE:THS) had its price target boosted by Stifel Nicolaus from $32.00 to $35.00 in a report released on Friday,Benzinga reports. The brokerage currently has a hold rating on the stock.

A number of other analysts have also recently weighed in on the stock. StockNews.com raised shares of TreeHouse Foods from a “sell” rating to a “hold” rating in a report on Thursday. Barclays lifted their target price on TreeHouse Foods from $32.00 to $35.00 and gave the company an “equal weight” rating in a research note on Friday, January 17th. Consumer Edge cut shares of TreeHouse Foods from an “overweight” rating to an “equal weight” rating in a research note on Friday, November 15th. Finally, Truist Financial lowered their target price on shares of TreeHouse Foods from $35.00 to $30.00 and set a “hold” rating on the stock in a research note on Wednesday, November 13th. Seven investment analysts have rated the stock with a hold rating, Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $35.40.

TreeHouse Foods Trading Up 1.7 %

Shares of THS opened at $34.82 on Friday. The company has a debt-to-equity ratio of 0.90, a quick ratio of 0.53 and a current ratio of 1.40. TreeHouse Foods has a one year low of $28.04 and a one year high of $43.84. The stock has a 50-day moving average price of $34.35 and a 200 day moving average price of $37.64. The company has a market capitalization of $1.78 billion, a P/E ratio of -74.09 and a beta of 0.22.

TreeHouse Foods (NYSE:THS) last issued its quarterly earnings results on Tuesday, November 12th. The company reported $0.74 earnings per share for the quarter, missing analysts’ consensus estimates of $0.75 by ($0.01). The firm had revenue of $854.40 million during the quarter, compared to the consensus estimate of $881.15 million. TreeHouse Foods had a negative net margin of 0.72% and a positive return on equity of 5.94%. TreeHouse Foods’s revenue was down 1.0% compared to the same quarter last year. During the same quarter last year, the firm posted $0.57 earnings per share. Sell-side analysts forecast that TreeHouse Foods will post 1.96 EPS for the current fiscal year.

Institutional Trading of TreeHouse Foods

Several large investors have recently added to or reduced their stakes in the business. Canada Pension Plan Investment Board acquired a new position in TreeHouse Foods during the 2nd quarter valued at $37,000. Blue Trust Inc. grew its position in TreeHouse Foods by 456.7% during the fourth quarter. Blue Trust Inc. now owns 1,119 shares of the company’s stock worth $39,000 after buying an additional 918 shares in the last quarter. Signaturefd LLC increased its stake in TreeHouse Foods by 42.1% during the third quarter. Signaturefd LLC now owns 999 shares of the company’s stock valued at $42,000 after acquiring an additional 296 shares during the period. KBC Group NV raised its holdings in TreeHouse Foods by 40.9% in the 3rd quarter. KBC Group NV now owns 1,943 shares of the company’s stock valued at $82,000 after acquiring an additional 564 shares in the last quarter. Finally, GAMMA Investing LLC lifted its position in shares of TreeHouse Foods by 95.1% in the 3rd quarter. GAMMA Investing LLC now owns 2,519 shares of the company’s stock worth $106,000 after acquiring an additional 1,228 shares during the period. 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.