Jefferies Financial Group Cuts TreeHouse Foods (NYSE:THS) Price Target to $31.00

TreeHouse Foods (NYSE:THS) had its price target trimmed by Jefferies Financial Group from $37.00 to $31.00 in a research note issued to investors on Tuesday,Benzinga reports. The firm currently has a hold rating on the stock.

Several 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 research note on Friday, November 15th. Truist Financial decreased their price objective on shares of TreeHouse Foods from $35.00 to $30.00 and set a “hold” rating for the company in a research note on Wednesday, November 13th. Stifel Nicolaus increased their target price on shares of TreeHouse Foods from $32.00 to $35.00 and gave the company a “hold” rating in a research report on Friday, January 24th. Barclays increased their target price on shares of TreeHouse Foods from $35.00 to $36.00 and gave the company an “equal weight” rating in a research report on Tuesday. Finally, StockNews.com raised shares of TreeHouse Foods from a “sell” rating to a “hold” rating in a research report on Tuesday. Eight investment analysts have rated the stock with a hold rating, According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $34.83.

TreeHouse Foods Trading Up 0.5 %

NYSE:THS opened at $30.55 on Tuesday. The company has a debt-to-equity ratio of 0.90, a quick ratio of 0.63 and a current ratio of 1.36. The firm has a market cap of $1.53 billion, a price-to-earnings ratio of 56.57 and a beta of 0.22. TreeHouse Foods has a 52 week low of $28.04 and a 52 week high of $43.84. The firm has a 50-day moving average price of $34.06 and a two-hundred day moving average price of $36.98.

TreeHouse Foods (NYSE:THS) last posted its quarterly earnings data on Friday, February 14th. The company reported $0.95 EPS for the quarter, missing the consensus estimate of $0.97 by ($0.02). The firm had revenue of $905.70 million during the quarter, compared to analysts’ expectations of $907.71 million. TreeHouse Foods had a net margin of 0.80% and a return on equity of 6.42%. The company’s quarterly revenue was down .5% on a year-over-year basis. During the same quarter last year, the business posted $0.77 EPS. On average, equities analysts expect that TreeHouse Foods will post 2.45 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of THS. Creative Planning boosted its holdings in TreeHouse Foods by 101.4% in the 3rd quarter. Creative Planning now owns 19,393 shares of the company’s stock worth $814,000 after buying an additional 9,764 shares during the period. Signaturefd LLC boosted its holdings in TreeHouse Foods by 42.1% in the 3rd quarter. Signaturefd LLC now owns 999 shares of the company’s stock worth $42,000 after buying an additional 296 shares during the period. International Assets Investment Management LLC boosted its holdings in TreeHouse Foods by 4,097.7% in the 3rd quarter. International Assets Investment Management LLC now owns 5,457 shares of the company’s stock worth $229,000 after buying an additional 5,327 shares during the period. Pullen Investment Management LLC boosted its holdings in TreeHouse Foods by 14.9% in the 3rd quarter. Pullen Investment Management LLC now owns 24,342 shares of the company’s stock worth $1,022,000 after buying an additional 3,156 shares during the period. Finally, US Bancorp DE boosted its holdings in TreeHouse Foods by 4,581.2% in the 3rd quarter. US Bancorp DE now owns 12,218 shares of the company’s stock worth $513,000 after buying an additional 11,957 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.