TreeHouse Foods (NYSE:THS) Price Target Cut to $36.00 by Analysts at Stifel Nicolaus

TreeHouse Foods (NYSE:THS) had its price target decreased by Stifel Nicolaus from $38.00 to $36.00 in a research report sent to investors on Tuesday morning, Benzinga reports. Stifel Nicolaus currently has a hold rating on the stock.

Separately, Truist Financial downgraded TreeHouse Foods from a buy rating to a hold rating and dropped their price objective for the stock from $45.00 to $35.00 in a research report on Tuesday, February 20th. Six investment analysts have rated the stock with a hold rating, According to MarketBeat, the company currently has a consensus rating of Hold and a consensus target price of $44.33.

TreeHouse Foods Trading Up 2.7 %

Shares of NYSE:THS opened at $35.52 on Tuesday. The company has a market capitalization of $1.91 billion, a P/E ratio of 37.38 and a beta of 0.35. The company has a debt-to-equity ratio of 0.84, a current ratio of 1.50 and a quick ratio of 0.74. The business’s 50 day simple moving average is $37.04 and its 200 day simple moving average is $39.52. TreeHouse Foods has a 1 year low of $33.28 and a 1 year high of $55.30.

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 return on equity of 8.09% and a net margin of 1.51%. The firm had revenue of $820.70 million for the quarter, compared to the consensus estimate of $798.44 million. During the same period in the prior year, the company earned $0.68 EPS. The company’s revenue for the quarter was down 3.9% compared to the same quarter last year. On average, research analysts anticipate that TreeHouse Foods will post 2.22 EPS for the current fiscal year.

Institutional Investors Weigh In On TreeHouse Foods

Hedge funds have recently modified their holdings of the company. NBC Securities Inc. bought a new position in TreeHouse Foods in the third quarter valued at about $37,000. GAMMA Investing LLC acquired a new stake in TreeHouse Foods during the 4th quarter worth approximately $52,000. Central Pacific Bank Trust Division bought a new stake in TreeHouse Foods during the 1st quarter worth approximately $48,000. TFO Wealth Partners LLC raised its position in shares of TreeHouse Foods by 78,600.0% during the fourth quarter. TFO Wealth Partners LLC now owns 2,361 shares of the company’s stock worth $98,000 after acquiring an additional 2,358 shares during the last quarter. Finally, Quadrant Capital Group LLC raised its holdings in TreeHouse Foods by 62.2% during the 4th quarter. Quadrant Capital Group LLC now owns 2,469 shares of the company’s stock worth $102,000 after purchasing an additional 947 shares during the last quarter. Institutional investors and hedge funds own 99.81% of the company’s stock.

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.