Jefferies Financial Group Issues Pessimistic Forecast for TreeHouse Foods (NYSE:THS) Stock Price

TreeHouse Foods (NYSE:THS) had its target price decreased by equities research analysts at Jefferies Financial Group from $37.00 to $31.00 in a report released on Tuesday,Benzinga reports. The brokerage currently has a “hold” rating on the stock. Jefferies Financial Group’s target price would suggest a potential upside of 2.29% from the company’s current price.

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

TreeHouse Foods Price Performance

Shares of TreeHouse Foods stock opened at $30.31 on Tuesday. The firm’s 50-day moving average price is $34.13 and its two-hundred day moving average price is $37.02. The stock has a market capitalization of $1.55 billion, a price-to-earnings ratio of 56.12 and a beta of 0.22. The company has a current ratio of 1.36, a quick ratio of 0.63 and a debt-to-equity ratio of 0.90. TreeHouse Foods has a 1-year low of $28.04 and a 1-year high of $43.84.

TreeHouse Foods (NYSE:THS) last issued its 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 company posted $0.77 EPS. The firm’s revenue for the quarter was down .5% on a year-over-year basis. On average, equities analysts predict that TreeHouse Foods will post 2.45 earnings per share for the current fiscal year.

Hedge Funds Weigh In On TreeHouse Foods

A number of institutional investors have recently added to or reduced their stakes in THS. Jane Street Group LLC raised its position in TreeHouse Foods by 37.7% in the third quarter. Jane Street Group LLC now owns 124,173 shares of the company’s stock valued at $5,213,000 after purchasing an additional 33,978 shares during the last quarter. JPMorgan Chase & Co. lifted its holdings in TreeHouse Foods by 187.6% in the third quarter. JPMorgan Chase & Co. now owns 316,428 shares of the company’s stock valued at $13,284,000 after buying an additional 206,411 shares during the period. Entropy Technologies LP acquired a new position in TreeHouse Foods in the fourth quarter valued at $333,000. Chartwell Investment Partners LLC bought a new stake in TreeHouse Foods during the third quarter valued at $8,042,000. Finally, Harbor Capital Advisors Inc. grew its holdings in TreeHouse Foods by 68.2% during the 3rd quarter. Harbor Capital Advisors Inc. now owns 304,969 shares of the company’s stock worth $12,803,000 after acquiring an additional 123,669 shares during the period. 99.81% of the stock is currently owned by institutional investors and hedge funds.

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.