Barclays Forecasts Strong Price Appreciation for TreeHouse Foods (NYSE:THS) Stock

TreeHouse Foods (NYSE:THSFree Report) had its price target increased by Barclays from $32.00 to $35.00 in a research report sent to investors on Friday morning,Benzinga reports. Barclays currently has an equal weight rating on the stock.

Several other equities research analysts have also issued reports 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. StockNews.com lowered shares of TreeHouse Foods from a “hold” rating to a “sell” rating in a research note on Wednesday. Truist Financial reduced 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. Finally, Stifel Nicolaus reduced their price objective on shares of TreeHouse Foods from $41.00 to $32.00 and set a “hold” rating for the company in a research note on Wednesday, November 13th. One analyst has rated the stock with a sell rating and six have issued a hold rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $34.80.

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TreeHouse Foods Stock Performance

Shares of NYSE:THS opened at $35.01 on Friday. The firm has a fifty day moving average of $34.22 and a two-hundred day moving average of $37.72. TreeHouse Foods has a 12-month low of $28.04 and a 12-month high of $43.84. The company has a debt-to-equity ratio of 0.90, a current ratio of 1.40 and a quick ratio of 0.53.

TreeHouse Foods (NYSE:THSGet Free Report) last released its quarterly earnings data on Tuesday, November 12th. The company reported $0.74 earnings per share (EPS) for the quarter, missing the consensus estimate 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 business had revenue of $854.40 million during the quarter, compared to analyst estimates of $881.15 million. During the same period in the previous year, the firm posted $0.57 EPS. The firm’s revenue for the quarter was down 1.0% on a year-over-year basis. Equities analysts predict that TreeHouse Foods will post 1.96 earnings per share for the current year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the company. FMR LLC lifted its position in TreeHouse Foods by 28.1% during the 3rd quarter. FMR LLC now owns 2,740,048 shares of the company’s stock worth $115,027,000 after acquiring an additional 600,723 shares during the last quarter. Shapiro Capital Management LLC increased its holdings in shares of TreeHouse Foods by 22.0% during the 2nd quarter. Shapiro Capital Management LLC now owns 1,587,415 shares of the company’s stock worth $58,163,000 after purchasing an additional 286,770 shares during the period. Rubric Capital Management LP bought a new position in shares of TreeHouse Foods during the 3rd quarter worth about $48,011,000. Charles Schwab Investment Management Inc. increased its holdings in shares of TreeHouse Foods by 1.7% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 868,451 shares of the company’s stock worth $36,458,000 after purchasing an additional 14,297 shares during the period. Finally, Armistice Capital LLC increased its holdings in shares of TreeHouse Foods by 12.2% during the 2nd quarter. Armistice Capital LLC now owns 783,000 shares of the company’s stock worth $28,689,000 after purchasing an additional 85,000 shares during the period. Institutional investors and hedge funds own 99.81% of the company’s stock.

About TreeHouse Foods

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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.

Further Reading

Analyst Recommendations for TreeHouse Foods (NYSE:THS)

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