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

TreeHouse Foods (NYSE:THS) had its price objective upped by Barclays from $32.00 to $35.00 in a research note published on Friday morning,Benzinga reports. Barclays currently has an equal weight rating on the stock.

Several other research firms have also issued reports on THS. Stifel Nicolaus decreased their price target on shares of TreeHouse Foods from $41.00 to $32.00 and set a “hold” rating on the stock in a research report on Wednesday, November 13th. Truist Financial decreased their price target 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. StockNews.com lowered shares of TreeHouse Foods from a “hold” rating to a “sell” rating in a research report on Wednesday. Finally, Consumer Edge lowered shares of TreeHouse Foods from an “overweight” rating to an “equal weight” rating in a research report on Friday, November 15th. One equities research analyst has rated the stock with a sell rating and six have assigned a hold rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $34.80.

TreeHouse Foods Stock Performance

NYSE THS opened at $35.01 on Friday. TreeHouse Foods has a 12 month low of $28.04 and a 12 month high of $43.84. 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’s 50 day simple moving average is $34.22 and its 200 day simple moving average is $37.72.

TreeHouse Foods (NYSE:THS) last posted 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). TreeHouse Foods had a negative net margin of 0.72% and a positive return on equity of 5.94%. 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 prior year, the business earned $0.57 EPS. TreeHouse Foods’s revenue was down 1.0% compared to the same quarter last year. On average, analysts anticipate that TreeHouse Foods will post 1.96 EPS for the current year.

Hedge Funds Weigh In On TreeHouse Foods

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Signaturefd LLC grew its position in TreeHouse Foods by 42.1% during the 3rd quarter. Signaturefd LLC now owns 999 shares of the company’s stock worth $42,000 after purchasing an additional 296 shares in the last quarter. BNP Paribas Financial Markets grew its position in TreeHouse Foods by 4.7% during the 3rd quarter. BNP Paribas Financial Markets now owns 10,657 shares of the company’s stock worth $447,000 after purchasing an additional 481 shares in the last quarter. Verdence Capital Advisors LLC grew its position in TreeHouse Foods by 5.8% during the 3rd quarter. Verdence Capital Advisors LLC now owns 9,074 shares of the company’s stock worth $381,000 after purchasing an additional 499 shares in the last quarter. KBC Group NV grew its position in 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 in the last quarter. Finally, Canada Pension Plan Investment Board acquired a new stake in shares of TreeHouse Foods during the 2nd quarter valued at $37,000. 99.81% of the stock is currently owned by hedge funds and other institutional investors.

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.