TD Cowen Has Lowered Expectations for TreeHouse Foods (NYSE:THS) Stock Price

TreeHouse Foods (NYSE:THS) had its price target trimmed by TD Cowen from $32.00 to $27.00 in a report published on Friday,Benzinga reports. The firm currently has a hold rating on the stock.

A number of other equities research analysts have also recently commented on THS. Barclays increased their price target on shares of TreeHouse Foods from $35.00 to $36.00 and gave the company an “equal weight” rating in a report on Tuesday, February 18th. StockNews.com raised TreeHouse Foods from a “sell” rating to a “hold” rating in a report on Tuesday, February 18th. Jefferies Financial Group lowered their price target on TreeHouse Foods from $37.00 to $31.00 and set a “hold” rating on the stock in a report on Tuesday, February 18th. Finally, Stifel Nicolaus reduced their price objective on TreeHouse Foods from $35.00 to $26.00 and set a “hold” rating for the company in a report on Friday. Eight analysts have rated the stock with a hold rating, According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $31.67.

TreeHouse Foods Trading Up 6.8 %

TreeHouse Foods stock opened at $23.12 on Friday. TreeHouse Foods has a 12 month low of $21.46 and a 12 month high of $43.84. The company has a market capitalization of $1.16 billion, a price-to-earnings ratio of 42.81 and a beta of 0.40. The business’s fifty day simple moving average is $28.87 and its two-hundred day simple moving average is $33.57. 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 announced its quarterly earnings results on Friday, February 14th. The company reported $0.95 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.97 by ($0.02). The firm had revenue of $905.70 million during the quarter, compared to the consensus estimate 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 for the quarter was down .5% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.77 EPS. As a group, equities analysts predict that TreeHouse Foods will post 1.94 earnings per share for the current fiscal year.

Hedge Funds Weigh In On TreeHouse Foods

A number of institutional investors and hedge funds have recently modified their holdings of THS. BNP Paribas Financial Markets lifted its holdings in TreeHouse Foods by 4.7% in the third quarter. BNP Paribas Financial Markets now owns 10,657 shares of the company’s stock valued at $447,000 after acquiring an additional 481 shares during the period. HighTower Advisors LLC lifted its stake in shares of TreeHouse Foods by 90.8% in the 3rd quarter. HighTower Advisors LLC now owns 11,374 shares of the company’s stock worth $488,000 after purchasing an additional 5,413 shares during the period. Jane Street Group LLC boosted its holdings in shares of TreeHouse Foods by 37.7% in the third quarter. Jane Street Group LLC now owns 124,173 shares of the company’s stock worth $5,213,000 after buying an additional 33,978 shares during the last quarter. Barclays PLC grew its position in TreeHouse Foods by 7.0% during the third quarter. Barclays PLC now owns 337,657 shares of the company’s stock valued at $14,175,000 after buying an additional 21,951 shares during the period. Finally, JPMorgan Chase & Co. increased its holdings in TreeHouse Foods by 187.6% during the third quarter. JPMorgan Chase & Co. now owns 316,428 shares of the company’s stock valued at $13,284,000 after buying an additional 206,411 shares during the last quarter. 99.81% of the stock is currently owned by hedge funds and other 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.