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

TreeHouse Foods (NYSE:THS - Get Free Report) had its price objective raised by stock analysts at Stifel Nicolaus from $32.00 to $35.00 in a research note issued on Friday,Benzinga reports. The firm currently has a "hold" rating on the stock. Stifel Nicolaus' price objective indicates a potential upside of 0.51% from the stock's current price.

A number of other research firms have also commented on THS. Consumer Edge lowered shares of TreeHouse Foods from an "overweight" rating to an "equal weight" rating in a report on Friday, November 15th. Truist Financial decreased their price objective on TreeHouse Foods from $35.00 to $30.00 and set a "hold" rating for the company in a research note on Wednesday, November 13th. Barclays boosted their price objective on shares of TreeHouse Foods from $32.00 to $35.00 and gave the company an "equal weight" rating in a report on Friday, January 17th. Finally, StockNews.com upgraded shares of TreeHouse Foods from a "sell" rating to a "hold" rating in a report on Thursday. Seven analysts have rated the stock with a hold rating, According to data from MarketBeat, the company has an average rating of "Hold" and an average target price of $35.40.

TreeHouse Foods Trading Up 1.7 %

Shares of NYSE THS traded up $0.58 during midday trading on Friday, hitting $34.82. The stock had a trading volume of 486,193 shares, compared to its average volume of 438,758. The firm has a market cap of $1.78 billion, a P/E ratio of -74.09 and a beta of 0.22. TreeHouse Foods has a fifty-two week low of $28.04 and a fifty-two week high of $43.84. The company has a debt-to-equity ratio of 0.90, a current ratio of 1.40 and a quick ratio of 0.53. The company's 50-day simple moving average is $34.35 and its 200 day simple moving average is $37.62.

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

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the stock. Signaturefd LLC boosted its holdings in shares of TreeHouse Foods by 42.1% in the 3rd quarter. Signaturefd LLC now owns 999 shares of the company's stock valued at $42,000 after buying an additional 296 shares during the last quarter. BNP Paribas Financial Markets lifted its stake in TreeHouse Foods by 4.7% in the third quarter. BNP Paribas Financial Markets now owns 10,657 shares of the company's stock valued at $447,000 after acquiring an additional 481 shares during the last quarter. Verdence Capital Advisors LLC grew its position in shares of TreeHouse Foods by 5.8% in the 3rd quarter. Verdence Capital Advisors LLC now owns 9,074 shares of the company's stock valued at $381,000 after acquiring an additional 499 shares during the period. KBC Group NV increased its stake 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 purchasing an additional 564 shares during the last quarter. Finally, Blue Trust Inc. raised its holdings in shares of TreeHouse Foods by 456.7% in the 4th quarter. Blue Trust Inc. now owns 1,119 shares of the company's stock valued at $39,000 after purchasing an additional 918 shares during the period. 99.81% of the stock is currently 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.