TreeHouse Foods (NYSE:THS) Price Target Raised to $36.00

TreeHouse Foods (NYSE:THS) had its price objective boosted by Barclays from $35.00 to $36.00 in a research note released on Tuesday morning,Benzinga reports. The brokerage currently has an equal weight rating on the stock.

Other research analysts also recently issued reports about the company. Stifel Nicolaus upped their price objective on TreeHouse Foods from $32.00 to $35.00 and gave the stock a “hold” rating in a research note on Friday, January 24th. Consumer Edge downgraded 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. Finally, Truist Financial cut their price target on TreeHouse Foods from $35.00 to $30.00 and set a “hold” rating on the stock in a report on Wednesday, November 13th. Eight research analysts have rated the stock with a hold rating, Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $34.83.

TreeHouse Foods Stock Up 0.5 %

Shares of NYSE:THS opened at $30.55 on Tuesday. The stock has a market capitalization of $1.53 billion, a price-to-earnings ratio of 56.57 and a beta of 0.22. TreeHouse Foods has a 1-year low of $28.04 and a 1-year high of $43.84. The company’s fifty day moving average is $34.06 and its two-hundred day moving average is $36.98. The company has a debt-to-equity ratio of 0.90, a quick ratio of 0.63 and a current ratio of 1.36.

TreeHouse Foods (NYSE:THS) last released its quarterly earnings data on Friday, February 14th. The company reported $0.95 earnings per share for the quarter, missing the consensus estimate of $0.97 by ($0.02). The business had revenue of $905.70 million for the quarter, compared to analyst estimates of $907.71 million. TreeHouse Foods had a return on equity of 6.42% and a net margin of 0.80%. TreeHouse Foods’s revenue was down .5% compared to the same quarter last year. During the same quarter last year, the company earned $0.77 EPS. Equities analysts anticipate that TreeHouse Foods will post 2.45 EPS for the current year.

Hedge Funds Weigh In On TreeHouse Foods

A number of institutional investors and hedge funds have recently bought and sold shares of THS. FMR LLC increased its stake in shares of TreeHouse Foods by 90.5% during the fourth quarter. FMR LLC now owns 5,219,543 shares of the company’s stock valued at $183,363,000 after acquiring an additional 2,479,495 shares during the period. Sessa Capital IM L.P. increased its position in shares of TreeHouse Foods by 121.9% during the 4th quarter. Sessa Capital IM L.P. now owns 3,242,483 shares of the company’s stock valued at $113,908,000 after purchasing an additional 1,781,179 shares during the period. Rubric Capital Management LP acquired a new position in shares of TreeHouse Foods during the 3rd quarter valued at $48,011,000. Raymond James Financial Inc. acquired a new position in TreeHouse Foods during the fourth quarter worth about $10,362,000. Finally, JPMorgan Chase & Co. grew its holdings in TreeHouse Foods by 187.6% during the third quarter. JPMorgan Chase & Co. now owns 316,428 shares of the company’s stock worth $13,284,000 after acquiring an additional 206,411 shares during the period. Institutional investors 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.