TreeHouse Foods (NYSE:THS) Price Target Lowered to $37.00 at TD Cowen

TreeHouse Foods (NYSE:THS) had its price objective lowered by TD Cowen from $38.00 to $37.00 in a report issued on Tuesday morning, Benzinga reports. The firm currently has a hold rating on the stock.

A number of other brokerages have also commented on THS. Truist Financial lowered TreeHouse Foods from a buy rating to a hold rating and lowered their price target for the company from $45.00 to $35.00 in a report on Tuesday, February 20th. Stifel Nicolaus lowered their price objective on shares of TreeHouse Foods from $38.00 to $36.00 and set a hold rating on the stock in a research note on Tuesday. Six investment analysts have rated the stock with a hold rating, According to data from MarketBeat, TreeHouse Foods has a consensus rating of Hold and an average price target of $44.33.

TreeHouse Foods Price Performance

Shares of THS opened at $35.52 on Tuesday. TreeHouse Foods has a 12 month low of $33.28 and a 12 month high of $55.30. 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 stock has a fifty day moving average price of $37.04 and a 200 day moving average price of $39.52. The company has a market cap of $1.91 billion, a P/E ratio of 37.38 and a beta of 0.35.

TreeHouse Foods (NYSE:THS) last released its quarterly earnings results on Monday, May 6th. The company reported ($0.03) EPS 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 quarter in the prior year, the company posted $0.68 EPS. The firm’s revenue was down 3.9% on a year-over-year basis. On average, research analysts forecast that TreeHouse Foods will post 2.22 earnings per share for the current year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. JANA Partners Management LP acquired a new stake in TreeHouse Foods during the 3rd quarter worth about $213,877,000. Dimensional Fund Advisors LP boosted its holdings in shares of 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 purchasing an additional 145,261 shares during the period. Wellington Management Group LLP grew its position 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 valued at $53,664,000 after purchasing an additional 75,162 shares in the last quarter. Brown Advisory Inc. increased its stake in TreeHouse Foods by 20.5% in the 4th quarter. Brown Advisory Inc. now owns 1,123,484 shares of the company’s stock valued at $46,568,000 after buying an additional 191,157 shares during the period. Finally, New South Capital Management Inc. lifted its position in TreeHouse Foods by 29.0% in the 1st quarter. New South Capital Management Inc. now owns 1,120,149 shares of the company’s stock worth $43,630,000 after buying an additional 251,886 shares in the last quarter. 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.