Stifel Nicolaus Issues Positive Forecast for TreeHouse Foods (NYSE:THS) Stock Price

TreeHouse Foods (NYSE:THS) had its price target increased by Stifel Nicolaus from $32.00 to $35.00 in a report issued on Friday,Benzinga reports. The firm currently has a hold rating on the stock.

THS has been the subject of a number of other reports. StockNews.com upgraded shares of TreeHouse Foods from a “sell” rating to a “hold” rating in a research report on Thursday. Truist Financial cut their price target on shares of TreeHouse Foods from $35.00 to $30.00 and set a “hold” rating for the company in a report on Wednesday, November 13th. Barclays upped their price target on shares of TreeHouse Foods from $32.00 to $35.00 and gave the stock an “equal weight” rating in a report on Friday, January 17th. Finally, Consumer Edge lowered TreeHouse Foods from an “overweight” rating to an “equal weight” rating in a research note on Friday, November 15th. Seven analysts have rated the stock with a hold rating, According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $35.40.

TreeHouse Foods Stock Up 1.7 %

TreeHouse Foods stock opened at $34.82 on Friday. The firm has a market capitalization of $1.78 billion, a price-to-earnings ratio of -74.09 and a beta of 0.22. The firm has a 50 day simple moving average of $34.35 and a 200 day simple moving average of $37.62. TreeHouse Foods has a 1-year low of $28.04 and a 1-year high of $43.84. 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 (NYSE:THS) last announced its quarterly earnings results on Tuesday, November 12th. The company reported $0.74 earnings per share for the quarter, missing the consensus estimate 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 during the quarter, compared to analysts’ expectations of $881.15 million. During the same quarter last year, the firm posted $0.57 earnings per share. TreeHouse Foods’s revenue for the quarter was down 1.0% compared to the same quarter last year. On average, analysts predict that TreeHouse Foods will post 1.96 earnings per share for the current year.

Institutional Trading of TreeHouse Foods

Hedge funds have recently made changes to their positions in the stock. Canada Pension Plan Investment Board bought a new position in TreeHouse Foods in the second quarter valued at $37,000. Blue Trust Inc. increased its position in shares of TreeHouse Foods by 456.7% during the 4th 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 last quarter. Signaturefd LLC raised its holdings in shares of TreeHouse Foods by 42.1% during the 3rd quarter. Signaturefd LLC now owns 999 shares of the company’s stock valued at $42,000 after buying an additional 296 shares in the last quarter. KBC Group NV lifted its position in TreeHouse Foods by 40.9% in the 3rd quarter. KBC Group NV now owns 1,943 shares of the company’s stock worth $82,000 after buying an additional 564 shares during the last quarter. Finally, GAMMA Investing LLC lifted its position in TreeHouse Foods by 95.1% in the 3rd quarter. GAMMA Investing LLC now owns 2,519 shares of the company’s stock worth $106,000 after buying an additional 1,228 shares during the last quarter. 99.81% of the stock is 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.