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

TreeHouse Foods (NYSE:THS) had its price target raised by research analysts at Barclays from $35.00 to $36.00 in a research note issued on Tuesday,Benzinga reports. The brokerage presently has an “equal weight” rating on the stock. Barclays‘s target price would indicate a potential upside of 8.38% from the stock’s previous close.

THS has been the subject of a number of other research reports. Truist Financial decreased their price objective on TreeHouse Foods from $35.00 to $30.00 and set a “hold” rating for the company in a report on Wednesday, November 13th. StockNews.com raised shares of TreeHouse Foods from a “sell” rating to a “hold” rating in a research report on Tuesday. Stifel Nicolaus boosted their price objective on shares of TreeHouse Foods from $32.00 to $35.00 and gave the stock a “hold” rating in a research note on Friday, January 24th. Finally, Consumer Edge lowered shares of TreeHouse Foods from an “overweight” rating to an “equal weight” rating in a report on Friday, November 15th. Seven research analysts have rated the stock with a hold rating, According to data from MarketBeat, TreeHouse Foods has a consensus rating of “Hold” and an average price target of $35.60.

TreeHouse Foods Stock Down 0.1 %

Shares of NYSE THS opened at $33.22 on Tuesday. The firm’s fifty day moving average is $34.27 and its 200 day moving average is $37.14. TreeHouse Foods has a 52 week low of $28.04 and a 52 week high of $43.84. The company has a quick ratio of 0.53, a current ratio of 1.40 and a debt-to-equity ratio of 0.90. The company has a market cap of $1.70 billion, a price-to-earnings ratio of -70.67 and a beta of 0.22.

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). TreeHouse Foods had a positive return on equity of 5.94% and a negative net margin of 0.72%. The business had revenue of $905.70 million during the quarter, compared to analysts’ expectations of $907.71 million. During the same quarter last year, the business posted $0.77 EPS. The company’s quarterly revenue was down .5% compared to the same quarter last year. On average, equities research analysts expect that TreeHouse Foods will post 1.96 earnings per share for the current year.

Institutional Trading of TreeHouse Foods

A number of institutional investors and hedge funds have recently bought and sold shares of the company. Jane Street Group LLC grew its holdings in shares of TreeHouse Foods by 37.7% during the third quarter. Jane Street Group LLC now owns 124,173 shares of the company’s stock valued at $5,213,000 after buying an additional 33,978 shares during the last quarter. JPMorgan Chase & Co. lifted its position in TreeHouse Foods by 187.6% in the 3rd quarter. JPMorgan Chase & Co. now owns 316,428 shares of the company’s stock valued at $13,284,000 after acquiring an additional 206,411 shares in the last quarter. Entropy Technologies LP purchased a new stake in TreeHouse Foods during the 4th quarter valued at $333,000. Chartwell Investment Partners LLC purchased a new stake in TreeHouse Foods during the 3rd quarter valued at $8,042,000. Finally, Harbor Capital Advisors Inc. increased its holdings in shares of TreeHouse Foods by 68.2% in the 3rd quarter. Harbor Capital Advisors Inc. now owns 304,969 shares of the company’s stock worth $12,803,000 after purchasing an additional 123,669 shares in the last quarter. 99.81% of the stock is currently 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.