TreeHouse Foods (NYSE:THS) Price Target Cut to $27.00 by Analysts at TD Cowen

TreeHouse Foods (NYSE:THS) had its target price trimmed by TD Cowen from $32.00 to $27.00 in a report issued on Friday morning,Benzinga reports. The brokerage currently has a hold rating on the stock.

Several other research analysts also recently commented on the company. Stifel Nicolaus cut their target price on TreeHouse Foods from $35.00 to $26.00 and set a “hold” rating for the company in a research note on Friday. Barclays boosted their price objective on shares of TreeHouse Foods from $35.00 to $36.00 and gave the company an “equal weight” rating in a research note on Tuesday, February 18th. StockNews.com raised shares of TreeHouse Foods from a “sell” rating to a “hold” rating in a report on Tuesday, February 18th. Finally, Jefferies Financial Group lowered their price objective on TreeHouse Foods from $37.00 to $31.00 and set a “hold” rating on the stock in a research report on Tuesday, February 18th. Eight investment analysts have rated the stock with a hold rating, According to MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $31.67.

TreeHouse Foods Trading Up 6.8 %

Shares of TreeHouse Foods stock opened at $23.12 on Friday. The stock has a market capitalization of $1.16 billion, a P/E ratio of 42.81 and a beta of 0.40. TreeHouse Foods has a 52-week low of $21.46 and a 52-week high of $43.84. The company has a debt-to-equity ratio of 0.90, a quick ratio of 0.63 and a current ratio of 1.36. The stock’s 50-day simple moving average is $28.87 and its 200 day simple moving average is $33.57.

TreeHouse Foods (NYSE:THS) last released its quarterly earnings data 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 return on equity of 6.42% and a net margin of 0.80%. The business had revenue of $905.70 million during the quarter, compared to the consensus estimate of $907.71 million. During the same period last year, the business posted $0.77 earnings per share. The firm’s quarterly revenue was down .5% on a year-over-year basis. As a group, research analysts anticipate that TreeHouse Foods will post 1.94 EPS for the current year.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the business. Blue Trust Inc. boosted its stake in shares of TreeHouse Foods by 456.7% during the fourth quarter. Blue Trust Inc. now owns 1,119 shares of the company’s stock valued at $39,000 after purchasing an additional 918 shares during the period. Sterling Capital Management LLC lifted its holdings in TreeHouse Foods by 134.4% in the 4th quarter. Sterling Capital Management LLC now owns 2,374 shares of the company’s stock worth $83,000 after buying an additional 1,361 shares during the period. KBC Group NV grew its position in shares of TreeHouse Foods by 45.1% in the 4th quarter. KBC Group NV now owns 2,820 shares of the company’s stock worth $99,000 after buying an additional 877 shares during the last quarter. CIBC Private Wealth Group LLC increased its stake in shares of TreeHouse Foods by 58.2% during the fourth quarter. CIBC Private Wealth Group LLC now owns 4,101 shares of the company’s stock valued at $142,000 after buying an additional 1,508 shares during the period. Finally, Legacy Wealth Asset Management LLC bought a new position in shares of TreeHouse Foods during the fourth quarter valued at approximately $216,000. 99.81% of the stock is owned by hedge funds and other institutional investors.

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.