TreeHouse Foods (NYSE:THS) Stock Price Expected to Rise, Truist Financial Analyst Says

TreeHouse Foods (NYSE:THS) had its target price increased by research analysts at Truist Financial from $20.00 to $22.50 in a note issued to investors on Thursday,Benzinga reports. The brokerage presently has a “hold” rating on the stock. Truist Financial’s target price suggests a potential downside of 5.78% from the company’s current price.

A number of other research firms have also recently issued reports on THS. Weiss Ratings reissued a “sell (d)” rating on shares of TreeHouse Foods in a research report on Thursday, October 30th. Barclays upped their target price on shares of TreeHouse Foods from $21.00 to $23.00 and gave the stock an “equal weight” rating in a report on Tuesday. Stifel Nicolaus upped their target price on shares of TreeHouse Foods from $19.00 to $22.50 and gave the stock a “hold” rating in a research note on Tuesday. Zacks Research downgraded TreeHouse Foods from a “hold” rating to a “strong sell” rating in a research note on Friday, October 24th. Finally, William Blair cut TreeHouse Foods from an “outperform” rating to a “hold” rating in a research report on Tuesday. Eight research analysts have rated the stock with a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Reduce” and a consensus price target of $24.67.

TreeHouse Foods Price Performance

Shares of THS traded up $0.28 during mid-day trading on Thursday, reaching $23.88. The company had a trading volume of 1,695,243 shares, compared to its average volume of 809,371. The company has a market capitalization of $1.21 billion, a price-to-earnings ratio of -4.97 and a beta of 0.25. The company has a debt-to-equity ratio of 1.18, a quick ratio of 0.38 and a current ratio of 1.29. The company’s 50 day simple moving average is $18.95 and its 200 day simple moving average is $20.11. TreeHouse Foods has a 1-year low of $15.85 and a 1-year high of $40.77.

TreeHouse Foods (NYSE:THS) last released its quarterly earnings data on Monday, November 10th. The company reported $0.43 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.53 by ($0.10). TreeHouse Foods had a positive return on equity of 5.52% and a negative net margin of 7.25%.The company had revenue of $841.90 million for the quarter, compared to analyst estimates of $853.53 million. During the same quarter in the prior year, the company earned ($0.07) earnings per share. TreeHouse Foods’s revenue for the quarter was up .1% compared to the same quarter last year. Analysts expect that TreeHouse Foods will post 1.94 EPS for the current year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the company. Vanguard Group Inc. increased its position in shares of TreeHouse Foods by 1.4% during the 1st quarter. Vanguard Group Inc. now owns 5,573,043 shares of the company’s stock valued at $150,974,000 after purchasing an additional 77,457 shares during the last quarter. Sessa Capital IM L.P. boosted its stake in shares of TreeHouse Foods by 29.5% during the 1st quarter. Sessa Capital IM L.P. now owns 4,200,000 shares of the company’s stock worth $113,778,000 after acquiring an additional 957,517 shares during the last quarter. Geode Capital Management LLC grew its position in shares of TreeHouse Foods by 4.8% during the 2nd quarter. Geode Capital Management LLC now owns 1,138,099 shares of the company’s stock valued at $22,105,000 after acquiring an additional 52,130 shares during the period. Charles Schwab Investment Management Inc. lifted its stake in shares of TreeHouse Foods by 3.9% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 936,493 shares of the company’s stock valued at $25,370,000 after buying an additional 35,429 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership increased its stake in TreeHouse Foods by 61.3% in the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 541,426 shares of the company’s stock worth $10,514,000 after buying an additional 205,852 shares in the last quarter. 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.