TD Cowen Trims TreeHouse Foods (NYSE:THS) Target Price to $37.00

TreeHouse Foods (NYSE:THS) had its price objective lowered by TD Cowen from $38.00 to $37.00 in a research report sent to investors on Tuesday, Benzinga reports. The brokerage currently has a hold rating on the stock.

THS has been the topic of a number of other reports. Stifel Nicolaus cut their price target on TreeHouse Foods from $38.00 to $36.00 and set a hold rating on the stock in a report on Tuesday. Truist Financial downgraded shares of TreeHouse Foods from a buy rating to a hold rating and lowered their price objective for the company from $45.00 to $35.00 in a report on Tuesday, February 20th. Six research analysts have rated the stock with a hold rating, According to data from MarketBeat, TreeHouse Foods currently has an average rating of Hold and an average target price of $44.33.

TreeHouse Foods Stock Performance

Shares of THS opened at $35.52 on Tuesday. The firm has a market cap of $1.91 billion, a P/E ratio of 37.38 and a beta of 0.35. TreeHouse Foods has a twelve month low of $33.28 and a twelve month high of $55.30. The company has a debt-to-equity ratio of 0.84, a quick ratio of 0.74 and a current ratio of 1.50. The firm’s 50 day moving average price is $37.04 and its two-hundred day moving average price is $39.52.

TreeHouse Foods (NYSE:THS) last issued its quarterly earnings data on Monday, May 6th. The company reported ($0.03) EPS for the quarter, missing analysts’ consensus estimates of ($0.02) by ($0.01). The company had revenue of $820.70 million for the quarter, compared to analyst estimates of $798.44 million. TreeHouse Foods had a return on equity of 8.09% and a net margin of 1.51%. The company’s revenue was down 3.9% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.68 earnings per share. On average, analysts forecast that TreeHouse Foods will post 2.22 EPS for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the company. JANA Partners Management LP acquired a new stake in TreeHouse Foods in the 3rd quarter valued at about $213,877,000. UBS Group AG lifted its position in shares of TreeHouse Foods by 701.4% in the fourth quarter. UBS Group AG now owns 571,535 shares of the company’s stock valued at $23,690,000 after buying an additional 500,215 shares during the last quarter. Armistice Capital LLC acquired a new stake in shares of TreeHouse Foods in the third quarter valued at approximately $19,173,000. Norges Bank bought a new position in shares of TreeHouse Foods during the 4th quarter worth approximately $13,547,000. Finally, New South Capital Management Inc. increased its holdings in shares of TreeHouse Foods by 29.0% during the 1st quarter. New South Capital Management Inc. now owns 1,120,149 shares of the company’s stock worth $43,630,000 after acquiring an additional 251,886 shares during the last quarter. Institutional investors own 99.81% of the company’s stock.

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.