TreeHouse Foods (NYSE:THS) Stock Price Expected to Rise, Stifel Nicolaus Analyst Says

TreeHouse Foods (NYSE:THS) had its price objective lifted by equities research analysts at Stifel Nicolaus from $32.00 to $35.00 in a research report issued on Friday,Benzinga reports. The brokerage presently has a “hold” rating on the stock. Stifel Nicolaus’ price objective would indicate a potential upside of 1.45% from the company’s previous close.

Several other research analysts have also recently issued reports on the company. StockNews.com raised TreeHouse Foods from a “sell” rating to a “hold” rating in a report on Thursday. Consumer Edge downgraded TreeHouse Foods from an “overweight” rating to an “equal weight” rating in a report on Friday, November 15th. Barclays lifted their price target on TreeHouse Foods from $32.00 to $35.00 and gave the stock an “equal weight” rating in a research note on Friday, January 17th. Finally, Truist Financial decreased their target price on shares of TreeHouse Foods from $35.00 to $30.00 and set a “hold” rating for the company in a report on Wednesday, November 13th. Seven investment analysts have rated the stock with a hold rating, According to MarketBeat, the stock has an average rating of “Hold” and an average price target of $35.40.

TreeHouse Foods Price Performance

Shares of THS stock traded up $0.26 during mid-day trading on Friday, hitting $34.50. 101,995 shares of the stock traded hands, compared to its average volume of 501,456. TreeHouse Foods has a twelve month low of $28.04 and a twelve month high of $43.84. The company has a debt-to-equity ratio of 0.90, a quick ratio of 0.53 and a current ratio of 1.40. The company’s 50-day simple moving average is $34.30 and its 200-day simple moving average is $37.64. The firm has a market cap of $1.77 billion, a price-to-earnings ratio of -73.40 and a beta of 0.22.

TreeHouse Foods (NYSE:THS) last issued its quarterly earnings results on Tuesday, November 12th. The company reported $0.74 earnings per share for the quarter, missing analysts’ consensus estimates of $0.75 by ($0.01). TreeHouse Foods had a negative net margin of 0.72% and a positive return on equity of 5.94%. The business had revenue of $854.40 million during the quarter, compared to analyst estimates of $881.15 million. During the same period in the previous year, the company posted $0.57 earnings per share. TreeHouse Foods’s revenue was down 1.0% compared to the same quarter last year. As a group, equities research analysts expect that TreeHouse Foods will post 1.96 earnings per share for the current year.

Institutional Investors Weigh In On TreeHouse Foods

A number of institutional investors have recently modified their holdings of the stock. Signaturefd LLC boosted its position in TreeHouse Foods by 42.1% during the third quarter. Signaturefd LLC now owns 999 shares of the company’s stock valued at $42,000 after purchasing an additional 296 shares during the last quarter. BNP Paribas Financial Markets lifted its holdings in shares of TreeHouse Foods by 4.7% during the 3rd quarter. BNP Paribas Financial Markets now owns 10,657 shares of the company’s stock valued at $447,000 after buying an additional 481 shares during the last quarter. Verdence Capital Advisors LLC grew its stake 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 buying an additional 499 shares in the last quarter. KBC Group NV increased its holdings in TreeHouse Foods by 40.9% in the third quarter. KBC Group NV now owns 1,943 shares of the company’s stock worth $82,000 after buying an additional 564 shares during the last quarter. Finally, Blue Trust Inc. raised its position in TreeHouse Foods by 456.7% during the fourth quarter. Blue Trust Inc. now owns 1,119 shares of the company’s stock valued at $39,000 after acquiring an additional 918 shares in the last quarter. Institutional investors and hedge funds 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.