TreeHouse Foods (NYSE:THS) PT Lowered to $37.00 at TD Cowen

TreeHouse Foods (NYSE:THS) had its price objective reduced by stock analysts at TD Cowen from $38.00 to $37.00 in a research report issued on Tuesday, Benzinga reports. The firm currently has a “hold” rating on the stock. TD Cowen’s target price would suggest a potential upside of 3.53% from the stock’s previous close.

Several other equities research analysts have also recently weighed in on the company. Truist Financial cut TreeHouse Foods from a “buy” rating to a “hold” rating and reduced their price objective for the company from $45.00 to $35.00 in a research report on Tuesday, February 20th. Stifel Nicolaus dropped their price objective on TreeHouse Foods from $38.00 to $36.00 and set a “hold” rating for the company in a research note on Tuesday. Six analysts have rated the stock with a hold rating, According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $44.33.

TreeHouse Foods Price Performance

TreeHouse Foods stock traded up $1.16 during midday trading on Tuesday, hitting $35.74. The company’s stock had a trading volume of 443,258 shares, compared to its average volume of 533,691. 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 stock’s 50-day moving average price is $37.04 and its 200-day moving average price is $39.56. TreeHouse Foods has a 12 month low of $33.28 and a 12 month high of $55.30. The company has a market capitalization of $1.92 billion, a PE ratio of 37.19 and a beta of 0.35.

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

Hedge Funds Weigh In On TreeHouse Foods

Several hedge funds have recently bought and sold shares of THS. NBC Securities Inc. acquired a new position in shares of TreeHouse Foods in the 3rd quarter worth approximately $37,000. GAMMA Investing LLC bought a new stake in shares of TreeHouse Foods in the 4th quarter worth $52,000. Central Pacific Bank Trust Division bought a new stake in shares of TreeHouse Foods in the 1st quarter worth $48,000. TFO Wealth Partners LLC grew its stake in shares of TreeHouse Foods by 78,600.0% in the 4th quarter. TFO Wealth Partners LLC now owns 2,361 shares of the company’s stock worth $98,000 after acquiring an additional 2,358 shares in the last quarter. Finally, Quadrant Capital Group LLC grew its position in TreeHouse Foods by 62.2% during the fourth quarter. Quadrant Capital Group LLC now owns 2,469 shares of the company’s stock valued at $102,000 after buying an additional 947 shares during the period. 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.