TreeHouse Foods (NYSE:THS) Given New $31.00 Price Target at Jefferies Financial Group

TreeHouse Foods (NYSE:THS - Free Report) had its target price cut by Jefferies Financial Group from $37.00 to $31.00 in a research note released on Tuesday morning,Benzinga reports. They currently have a hold rating on the stock.

Other equities analysts also recently issued research reports about the company. Consumer Edge downgraded TreeHouse Foods from an "overweight" rating to an "equal weight" rating in a research report on Friday, November 15th. Truist Financial decreased their target price on TreeHouse Foods from $35.00 to $30.00 and set a "hold" rating on the stock in a research report on Wednesday, November 13th. StockNews.com raised TreeHouse Foods from a "sell" rating to a "hold" rating in a research report on Tuesday. Barclays lifted their price objective on TreeHouse Foods from $35.00 to $36.00 and gave the company an "equal weight" rating in a report on Tuesday. Finally, Stifel Nicolaus increased their target price on TreeHouse Foods from $32.00 to $35.00 and gave the stock a "hold" rating in a report on Friday, January 24th. Eight analysts have rated the stock with a hold rating, According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average price target of $34.83.

TreeHouse Foods Stock Performance

NYSE THS traded up $0.04 during trading on Tuesday, reaching $30.55. 627,977 shares of the company's stock were exchanged, compared to its average volume of 700,271. The business has a 50 day moving average price of $33.98 and a 200-day moving average price of $36.92. The stock has a market capitalization of $1.53 billion, a P/E ratio of 56.58 and a beta of 0.22. The company has a debt-to-equity ratio of 0.90, a current ratio of 1.36 and a quick ratio of 0.63. TreeHouse Foods has a fifty-two week low of $28.04 and a fifty-two week high of $43.84.

TreeHouse Foods (NYSE:THS - Get Free Report) last posted its earnings results on Friday, February 14th. The company reported $0.95 EPS for the quarter, missing the consensus estimate of $0.97 by ($0.02). TreeHouse Foods had a net margin of 0.80% and a return on equity of 6.42%. The firm had revenue of $905.70 million during the quarter, compared to analyst estimates of $907.71 million. During the same period in the previous year, the company posted $0.77 EPS. TreeHouse Foods's revenue for the quarter was down .5% compared to the same quarter last year. Sell-side analysts forecast that TreeHouse Foods will post 1.94 earnings per share for the current fiscal year.

Institutional Trading of TreeHouse Foods

Institutional investors and hedge funds have recently made changes to their positions in the company. Blue Trust Inc. lifted its holdings 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 worth $39,000 after acquiring an additional 918 shares during the period. Signaturefd LLC lifted 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 worth $42,000 after acquiring an additional 296 shares during the period. KBC Group NV lifted its holdings in shares of TreeHouse Foods by 40.9% during the 3rd quarter. KBC Group NV now owns 1,943 shares of the company's stock worth $82,000 after acquiring an additional 564 shares during the period. Sterling Capital Management LLC lifted its holdings in shares of TreeHouse Foods by 134.4% during the 4th quarter. Sterling Capital Management LLC now owns 2,374 shares of the company's stock worth $83,000 after acquiring an additional 1,361 shares during the period. Finally, CIBC Private Wealth Group LLC increased its position in TreeHouse Foods by 58.2% during the 4th quarter. CIBC Private Wealth Group LLC now owns 4,101 shares of the company's stock worth $142,000 after purchasing an additional 1,508 shares in the last quarter. Institutional investors own 99.81% of the company's stock.

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.