Brokerages Set TreeHouse Foods, Inc. (NYSE:THS) Price Target at $23.33

Shares of TreeHouse Foods, Inc. (NYSE:THS) have been given an average recommendation of “Reduce” by the nine analysts that are covering the stock, Marketbeat.com reports. Two investment analysts have rated the stock with a sell recommendation and seven have assigned a hold recommendation to the company. The average 12-month price objective among analysts that have updated their coverage on the stock in the last year is $23.3333.

A number of brokerages have issued reports on THS. Zacks Research cut TreeHouse Foods from a “hold” rating to a “strong sell” rating in a report on Friday, October 24th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of TreeHouse Foods in a research note on Thursday, October 30th. Barclays cut their target price on shares of TreeHouse Foods from $25.00 to $21.00 and set an “equal weight” rating on the stock in a research report on Tuesday, July 15th. Mizuho reduced their target price on shares of TreeHouse Foods from $24.00 to $22.00 and set a “neutral” rating on the stock in a report on Monday, July 28th. Finally, Stifel Nicolaus dropped their price target on shares of TreeHouse Foods from $21.00 to $19.00 and set a “hold” rating for the company in a research note on Friday, October 24th.

Hedge Funds Weigh In On TreeHouse Foods

Institutional investors and hedge funds have recently made changes to their positions in the stock. Sessa Capital IM L.P. boosted its holdings in shares of TreeHouse Foods by 29.5% in the 1st quarter. Sessa Capital IM L.P. now owns 4,200,000 shares of the company’s stock worth $113,778,000 after buying an additional 957,517 shares during the last quarter. Marshall Wace LLP raised its position in TreeHouse Foods by 379.3% in the second quarter. Marshall Wace LLP now owns 332,730 shares of the company’s stock worth $6,462,000 after acquiring an additional 263,303 shares during the period. Bridgeway Capital Management LLC purchased a new position in TreeHouse Foods in the first quarter valued at about $6,730,000. Dark Forest Capital Management LP bought a new position in shares of TreeHouse Foods during the 1st quarter valued at approximately $5,798,000. Finally, Ameriprise Financial Inc. increased its stake in shares of TreeHouse Foods by 115.7% during the 2nd quarter. Ameriprise Financial Inc. now owns 389,550 shares of the company’s stock worth $7,565,000 after purchasing an additional 208,966 shares during the last quarter. Institutional investors own 99.81% of the company’s stock.

TreeHouse Foods Stock Up 2.6%

THS opened at $19.12 on Thursday. The stock has a fifty day moving average of $18.64 and a 200-day moving average of $20.09. The company has a market capitalization of $965.76 million, a P/E ratio of 49.04 and a beta of 0.25. TreeHouse Foods has a fifty-two week low of $15.85 and a fifty-two week high of $40.77. The company has a debt-to-equity ratio of 0.98, a quick ratio of 0.38 and a current ratio of 1.26.

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.