TreeHouse Foods (NYSE:THS) Price Target Cut to $36.00 by Analysts at Barclays

TreeHouse Foods (NYSE:THS) had its target price cut by equities researchers at Barclays from $39.00 to $36.00 in a research note issued on Wednesday, Benzinga reports. The firm presently has an “equal weight” rating on the stock. Barclays‘s price objective would indicate a potential upside of 2.92% from the stock’s previous close.

THS has been the topic of several other research reports. Truist Financial lowered shares of TreeHouse Foods from a “buy” rating to a “hold” rating and lowered their price target for the company from $45.00 to $35.00 in a report on Tuesday, February 20th. TD Cowen cut their price target on shares of TreeHouse Foods from $38.00 to $37.00 and set a “hold” rating for the company in a research note on Tuesday. Finally, Stifel Nicolaus cut their price target on shares of TreeHouse Foods from $38.00 to $36.00 and set a “hold” rating for the company in a research note on Tuesday. Six investment analysts have rated the stock with a hold rating, According to MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $42.67.

TreeHouse Foods Stock Performance

THS stock traded down $0.53 during mid-day trading on Wednesday, reaching $34.98. 139,892 shares of the stock traded hands, compared to its average volume of 535,693. The company has a quick ratio of 0.74, a current ratio of 1.50 and a debt-to-equity ratio of 0.84. The business has a 50-day moving average of $37.04 and a two-hundred day moving average of $39.52. The firm has a market capitalization of $1.88 billion, a PE ratio of 37.10 and a beta of 0.35. TreeHouse Foods has a 52 week low of $33.28 and a 52 week high of $54.52.

TreeHouse Foods (NYSE:THS) last announced its quarterly earnings data on Monday, May 6th. The company reported ($0.03) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.02) by ($0.01). TreeHouse Foods had a return on equity of 8.09% and a net margin of 1.51%. The company had revenue of $820.70 million during the quarter, compared to analyst estimates of $798.44 million. During the same quarter in the previous year, the business posted $0.68 EPS. The company’s revenue was down 3.9% on a year-over-year basis. As a group, equities analysts predict that TreeHouse Foods will post 2.22 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of THS. Verdence Capital Advisors LLC grew its position in shares of TreeHouse Foods by 5.3% in the 3rd quarter. Verdence Capital Advisors LLC now owns 5,982 shares of the company’s stock valued at $261,000 after buying an additional 303 shares during the last quarter. Commonwealth Equity Services LLC raised its position in TreeHouse Foods by 5.5% in the third quarter. Commonwealth Equity Services LLC now owns 7,321 shares of the company’s stock worth $319,000 after acquiring an additional 384 shares during the period. Raymond James & Associates increased its stake in shares of TreeHouse Foods by 2.1% in the third quarter. Raymond James & Associates now owns 19,435 shares of the company’s stock worth $847,000 after purchasing an additional 400 shares in the last quarter. Texas Permanent School Fund Corp grew its stake in TreeHouse Foods by 1.3% during the first quarter. Texas Permanent School Fund Corp now owns 44,042 shares of the company’s stock valued at $1,715,000 after acquiring an additional 570 shares in the last quarter. Finally, ProShare Advisors LLC lifted its holdings in shares of TreeHouse Foods by 6.0% in the 1st quarter. ProShare Advisors LLC now owns 10,227 shares of the company’s stock worth $398,000 after acquiring an additional 579 shares during the last quarter. 99.81% of the stock is owned by institutional investors and hedge funds.

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.