Jefferies Financial Group Cuts TreeHouse Foods (NYSE:THS) Price Target to $31.00

TreeHouse Foods (NYSE:THS) had its target price decreased by Jefferies Financial Group from $37.00 to $31.00 in a report published on Tuesday morning,Benzinga reports. Jefferies Financial Group currently has a hold rating on the stock.

Other analysts have also recently issued research reports about the stock. Stifel Nicolaus raised their price objective on shares of TreeHouse Foods from $32.00 to $35.00 and gave the company a “hold” rating in a research report on Friday, January 24th. Consumer Edge cut shares of TreeHouse Foods from an “overweight” rating to an “equal weight” rating in a research report on Friday, November 15th. StockNews.com upgraded shares of TreeHouse Foods from a “sell” rating to a “hold” rating in a research report on Tuesday. Barclays raised their price objective on shares of TreeHouse Foods from $35.00 to $36.00 and gave the company an “equal weight” rating in a research report on Tuesday. Finally, Truist Financial lowered their price objective on shares of TreeHouse Foods from $35.00 to $30.00 and set a “hold” rating on the stock in a research report on Wednesday, November 13th. Eight equities research analysts have rated the stock with a hold rating, According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $34.83.

TreeHouse Foods Stock Up 0.5 %

Shares of NYSE:THS opened at $30.55 on Tuesday. The firm has a fifty day moving average price of $34.06 and a two-hundred day moving average price of $36.98. The company has a debt-to-equity ratio of 0.90, a current ratio of 1.36 and a quick ratio of 0.63. TreeHouse Foods has a one year low of $28.04 and a one year high of $43.84. The company has a market cap of $1.53 billion, a price-to-earnings ratio of 56.57 and a beta of 0.22.

TreeHouse Foods (NYSE:THS) last announced its quarterly earnings results on Friday, February 14th. The company reported $0.95 EPS for the quarter, missing the consensus estimate of $0.97 by ($0.02). TreeHouse Foods had a net margin of 0.80% and a return on equity of 6.42%. The firm had revenue of $905.70 million during the quarter, compared to the consensus estimate of $907.71 million. During the same period in the previous year, the business earned $0.77 earnings per share. The firm’s revenue for the quarter was down .5% on a year-over-year basis. Analysts anticipate that TreeHouse Foods will post 2.45 EPS for the current fiscal year.

Hedge Funds Weigh In On TreeHouse Foods

A number of large investors have recently added to or reduced their stakes in the business. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in TreeHouse Foods by 10.1% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 117,296 shares of the company’s stock worth $4,121,000 after purchasing an additional 10,746 shares during the period. Voloridge Investment Management LLC purchased a new position in TreeHouse Foods in the 4th quarter worth $5,613,000. Vident Advisory LLC purchased a new position in TreeHouse Foods in the 4th quarter worth $223,000. Two Sigma Advisers LP purchased a new position in shares of TreeHouse Foods in the fourth quarter valued at about $696,000. Finally, Two Sigma Investments LP increased its position in shares of TreeHouse Foods by 105.1% in the fourth quarter. Two Sigma Investments LP now owns 152,698 shares of the company’s stock valued at $5,364,000 after acquiring an additional 78,250 shares during the period. Hedge funds and other institutional investors 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.