TreeHouse Foods (NYSE:THS) Price Target Raised to $35.00

TreeHouse Foods (NYSE:THS - Get Free Report) had its price target boosted by investment analysts at Barclays from $32.00 to $35.00 in a research note issued on Friday,Benzinga reports. The brokerage currently has an "equal weight" rating on the stock. Barclays's price target would indicate a potential downside of 0.03% from the company's previous close.

THS has been the subject of a number of other research reports. Stifel Nicolaus dropped their target price on TreeHouse Foods from $41.00 to $32.00 and set a "hold" rating for the company in a research report on Wednesday, November 13th. Consumer Edge cut TreeHouse Foods from an "overweight" rating to an "equal weight" rating in a report on Friday, November 15th. Truist Financial cut their target price on shares of TreeHouse Foods from $35.00 to $30.00 and set a "hold" rating on the stock in a research report on Wednesday, November 13th. Finally, StockNews.com cut shares of TreeHouse Foods from a "hold" rating to a "sell" rating in a research report on Wednesday. One investment analyst has rated the stock with a sell rating and six have issued a hold rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus price target of $34.80.

TreeHouse Foods Stock Performance

NYSE THS remained flat at $35.01 on Friday. 307,420 shares of the company traded hands, compared to its average volume of 481,813. The company has a current ratio of 1.40, a quick ratio of 0.53 and a debt-to-equity ratio of 0.90. The company has a market cap of $1.79 billion, a P/E ratio of -74.49 and a beta of 0.22. TreeHouse Foods has a 1-year low of $28.04 and a 1-year high of $43.84. The firm's fifty day simple moving average is $34.22 and its 200 day simple moving average is $37.72.

TreeHouse Foods (NYSE:THS - Get Free Report) last announced its earnings results on Tuesday, November 12th. The company reported $0.74 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.75 by ($0.01). TreeHouse Foods had a positive return on equity of 5.94% and a negative net margin of 0.72%. The company had revenue of $854.40 million for the quarter, compared to analyst estimates of $881.15 million. During the same quarter in the previous year, the company posted $0.57 earnings per share. TreeHouse Foods's revenue for the quarter was down 1.0% on a year-over-year basis. Research analysts anticipate that TreeHouse Foods will post 1.96 EPS for the current fiscal year.

Institutional Trading of TreeHouse Foods

A number of institutional investors and hedge funds have recently modified their holdings of THS. Jane Street Group LLC grew its holdings in 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 purchasing an additional 33,978 shares during the period. JPMorgan Chase & Co. boosted its position in shares of TreeHouse Foods by 187.6% during the third quarter. JPMorgan Chase & Co. now owns 316,428 shares of the company's stock worth $13,284,000 after purchasing an additional 206,411 shares in the last quarter. Harbor Capital Advisors Inc. increased its position 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 valued at $12,803,000 after buying an additional 123,669 shares in the last quarter. Chartwell Investment Partners LLC bought a new stake in shares of TreeHouse Foods in the 3rd quarter valued at $8,042,000. Finally, HighTower Advisors LLC raised its stake in TreeHouse Foods by 90.8% during the 3rd quarter. HighTower Advisors LLC now owns 11,374 shares of the company's stock worth $488,000 after buying an additional 5,413 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.