TreeHouse Foods (NYSE:THS) Given New $35.00 Price Target at Barclays

TreeHouse Foods (NYSE:THS) had its price target hoisted by equities research analysts at Barclays from $32.00 to $35.00 in a report released on Friday,Benzinga reports. The firm presently has an “equal weight” rating on the stock. Barclays‘s target price points to a potential upside of 0.39% from the company’s current price.

A number of other equities research analysts also recently commented on the company. Truist Financial decreased their target price on TreeHouse Foods from $35.00 to $30.00 and set a “hold” rating for the company in a report on Wednesday, November 13th. Consumer Edge downgraded shares of TreeHouse Foods from an “overweight” rating to an “equal weight” rating in a report on Friday, November 15th. Stifel Nicolaus reduced their target price on shares of TreeHouse Foods from $41.00 to $32.00 and set a “hold” rating for the company in a report on Wednesday, November 13th. Finally, StockNews.com downgraded shares of TreeHouse Foods from a “hold” rating to a “sell” rating in a research report on Wednesday. One equities research analyst has rated the stock with a sell rating and six have given a hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $34.80.

TreeHouse Foods Stock Performance

Shares of NYSE THS traded down $0.15 during midday trading on Friday, reaching $34.87. The company had a trading volume of 78,701 shares, compared to its average volume of 479,694. The stock has a market cap of $1.79 billion, a P/E ratio of -74.20 and a beta of 0.22. The company has a current ratio of 1.40, a quick ratio of 0.53 and a debt-to-equity ratio of 0.90. TreeHouse Foods has a 1 year low of $28.04 and a 1 year high of $43.84. The business’s 50-day simple moving average is $34.27 and its 200 day simple moving average is $37.73.

TreeHouse Foods (NYSE:THS) last issued 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 firm had revenue of $854.40 million during the quarter, compared to analysts’ expectations of $881.15 million. During the same quarter last year, the business earned $0.57 EPS. The business’s revenue was down 1.0% on a year-over-year basis. On average, analysts forecast that TreeHouse Foods will post 1.96 earnings per share for the current fiscal year.

Hedge Funds Weigh In On TreeHouse Foods

Several large investors have recently made changes to their positions in THS. FMR LLC grew its position in shares of TreeHouse Foods by 28.1% during the 3rd quarter. FMR LLC now owns 2,740,048 shares of the company’s stock valued at $115,027,000 after acquiring an additional 600,723 shares during the period. Shapiro Capital Management LLC grew its stake in TreeHouse Foods by 22.0% in the 2nd quarter. Shapiro Capital Management LLC now owns 1,587,415 shares of the company’s stock valued at $58,163,000 after acquiring an additional 286,770 shares during the period. Rubric Capital Management LP purchased a new stake in TreeHouse Foods in the 3rd quarter worth $48,011,000. Charles Schwab Investment Management Inc. raised its position in TreeHouse Foods by 1.7% during the third quarter. Charles Schwab Investment Management Inc. now owns 868,451 shares of the company’s stock worth $36,458,000 after acquiring an additional 14,297 shares during the period. Finally, Armistice Capital LLC raised its position in shares of TreeHouse Foods by 12.2% during the 2nd quarter. Armistice Capital LLC now owns 783,000 shares of the company’s stock worth $28,689,000 after purchasing an additional 85,000 shares during the last quarter. 99.81% of the stock is currently owned by institutional investors and hedge funds.

About TreeHouse Foods

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.