TreeHouse Foods (NYSE:THS) Given New $36.00 Price Target at Barclays

TreeHouse Foods (NYSE:THS) had its price objective raised by Barclays from $35.00 to $36.00 in a research report sent to investors on Tuesday morning,Benzinga reports. They currently have an equal weight rating on the stock.

Other equities analysts have also recently issued reports about the stock. Consumer Edge cut shares of TreeHouse Foods from an “overweight” rating to an “equal weight” rating in a research report on Friday, November 15th. Stifel Nicolaus lifted their target price on TreeHouse Foods from $32.00 to $35.00 and gave the company a “hold” rating in a research note on Friday, January 24th. StockNews.com raised TreeHouse Foods from a “sell” rating to a “hold” rating in a research note on Tuesday. Finally, Truist Financial lowered their target price on TreeHouse Foods from $35.00 to $30.00 and set a “hold” rating on the stock in a research note on Wednesday, November 13th. Eight equities research analysts have rated the stock with a hold rating, According to data from MarketBeat, TreeHouse Foods presently has an average rating of “Hold” and a consensus price target of $34.83.

TreeHouse Foods Trading Up 0.5 %

Shares of THS opened at $30.55 on Tuesday. The business’s 50-day moving average price is $34.06 and its 200 day moving average price is $36.98. The stock has a market capitalization of $1.53 billion, a P/E ratio of 56.57 and a beta of 0.22. TreeHouse Foods has a 1-year low of $28.04 and a 1-year high of $43.84. The company has a current ratio of 1.36, a quick ratio of 0.63 and a debt-to-equity ratio of 0.90.

TreeHouse Foods (NYSE:THS) last released its earnings results on Friday, February 14th. The company reported $0.95 earnings per share 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 return on equity of 6.42% and a net margin of 0.80%. The business’s revenue was down .5% on a year-over-year basis. During the same period last year, the business earned $0.77 earnings per share. Analysts expect that TreeHouse Foods will post 2.45 earnings per share for the current year.

Institutional Investors Weigh In On TreeHouse Foods

Several large investors have recently made changes to their positions in THS. FMR LLC grew its position in TreeHouse Foods by 90.5% in the fourth quarter. FMR LLC now owns 5,219,543 shares of the company’s stock worth $183,363,000 after acquiring an additional 2,479,495 shares in the last quarter. Dimensional Fund Advisors LP grew its position in TreeHouse Foods by 4.4% in the fourth quarter. Dimensional Fund Advisors LP now owns 3,296,849 shares of the company’s stock worth $115,818,000 after acquiring an additional 137,744 shares in the last quarter. Sessa Capital IM L.P. boosted its holdings in TreeHouse Foods by 121.9% in the fourth quarter. Sessa Capital IM L.P. now owns 3,242,483 shares of the company’s stock worth $113,908,000 after purchasing an additional 1,781,179 shares in the last quarter. Rubric Capital Management LP bought a new stake in TreeHouse Foods in the third quarter worth $48,011,000. Finally, Charles Schwab Investment Management Inc. boosted its holdings in TreeHouse Foods by 3.8% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 901,064 shares of the company’s stock worth $31,654,000 after purchasing an additional 32,613 shares in the last quarter. Institutional investors own 99.81% of the company’s stock.

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.