TreeHouse Foods (NYSE:THS) Price Target Raised to $35.00 at Barclays

TreeHouse Foods (NYSE:THS) had its target price hoisted by equities research analysts at Barclays from $32.00 to $35.00 in a research note issued on Friday,Benzinga reports. The brokerage presently has an “equal weight” rating on the stock. Barclays‘s target price points to a potential upside of 0.39% from the company’s current price.

Several other research firms also recently weighed in on THS. Stifel Nicolaus decreased their price target on shares of TreeHouse Foods from $41.00 to $32.00 and set a “hold” rating for the company in a research note on Wednesday, November 13th. StockNews.com lowered TreeHouse Foods from a “hold” rating to a “sell” rating in a research report on Wednesday. Truist Financial dropped their price target on TreeHouse Foods from $35.00 to $30.00 and set a “hold” rating on the stock in a research report on Wednesday, November 13th. Finally, Consumer Edge lowered TreeHouse Foods from an “overweight” rating to an “equal weight” rating in a research note on Friday, November 15th. One investment analyst has rated the stock with a sell rating and six have assigned a hold rating to the company. According to data from MarketBeat, TreeHouse Foods presently has an average rating of “Hold” and an average price target of $34.80.

TreeHouse Foods Trading Down 0.4 %

Shares of THS stock traded down $0.15 on Friday, reaching $34.87. 78,701 shares of the company’s stock were exchanged, compared to its average volume of 479,694. The company’s fifty day simple moving average is $34.27 and its 200 day simple moving average is $37.73. The stock has a market capitalization of $1.79 billion, a PE ratio of -74.20 and a beta of 0.22. The company has a current ratio of 1.40, a quick ratio of 0.53 and a debt-to-equity ratio of 0.90. TreeHouse Foods has a 52 week low of $28.04 and a 52 week high of $43.84.

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

Institutional Trading of TreeHouse Foods

A number of institutional investors have recently modified their holdings of the company. XTX Topco Ltd lifted its position in TreeHouse Foods by 10.3% during the second quarter. XTX Topco Ltd now owns 10,885 shares of the company’s stock valued at $399,000 after acquiring an additional 1,016 shares during the last quarter. Canada Pension Plan Investment Board acquired a new position in shares of TreeHouse Foods during the second quarter worth $37,000. Public Sector Pension Investment Board lifted its holdings in shares of TreeHouse Foods by 7.0% during the 2nd quarter. Public Sector Pension Investment Board now owns 111,762 shares of the company’s stock valued at $4,095,000 after purchasing an additional 7,331 shares during the last quarter. Engine Capital Management LP boosted its position in shares of TreeHouse Foods by 319.5% in the 2nd quarter. Engine Capital Management LP now owns 152,832 shares of the company’s stock worth $5,600,000 after purchasing an additional 116,396 shares in the last quarter. Finally, Shapiro Capital Management LLC boosted its position in shares of TreeHouse Foods by 22.0% in the 2nd quarter. Shapiro Capital Management LLC now owns 1,587,415 shares of the company’s stock worth $58,163,000 after purchasing an additional 286,770 shares in the last quarter. 99.81% of the stock is currently 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.