Barclays Lowers TreeHouse Foods (NYSE:THS) Price Target to $36.00

TreeHouse Foods (NYSE:THS - Free Report) had its price objective lowered by Barclays from $39.00 to $36.00 in a research note released on Wednesday morning, Benzinga reports. The brokerage currently has an equal weight rating on the stock.

A number of other research firms also recently weighed in on THS. Truist Financial downgraded shares of TreeHouse Foods from a buy rating to a hold rating and decreased their price target for the stock from $45.00 to $35.00 in a research report on Tuesday, February 20th. Stifel Nicolaus decreased their target price on TreeHouse Foods from $38.00 to $36.00 and set a hold rating for the company in a research note on Tuesday. Finally, TD Cowen decreased their price objective on shares of TreeHouse Foods from $38.00 to $37.00 and set a hold rating on the stock in a research note on Tuesday. Six analysts have rated the stock with a hold rating, According to MarketBeat, the stock presently has a consensus rating of Hold and an average target price of $42.67.

TreeHouse Foods Stock Down 2.0 %

Shares of NYSE THS traded down $0.72 during mid-day trading on Wednesday, hitting $34.79. The company had a trading volume of 421,140 shares, compared to its average volume of 538,979. The business's 50-day simple moving average is $37.04 and its 200 day simple moving average is $39.52. The company has a market capitalization of $1.87 billion, a PE ratio of 37.10 and a beta of 0.35. TreeHouse Foods has a 1-year low of $33.28 and a 1-year high of $54.52. The company has a debt-to-equity ratio of 0.84, a current ratio of 1.50 and a quick ratio of 0.74.

TreeHouse Foods (NYSE:THS - Get Free Report) last announced its earnings results on Monday, May 6th. The company reported ($0.03) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.02) by ($0.01). The business had revenue of $820.70 million for the quarter, compared to analysts' expectations of $798.44 million. TreeHouse Foods had a return on equity of 8.09% and a net margin of 1.51%. The business's revenue was down 3.9% on a year-over-year basis. During the same quarter last year, the business posted $0.68 earnings per share. On average, analysts predict that TreeHouse Foods will post 2.22 earnings per share for the current year.

Hedge Funds Weigh In On TreeHouse Foods

Several institutional investors have recently added to or reduced their stakes in the stock. Verdence Capital Advisors LLC grew its holdings in shares of TreeHouse Foods by 5.3% during the third quarter. Verdence Capital Advisors LLC now owns 5,982 shares of the company's stock worth $261,000 after purchasing an additional 303 shares in the last quarter. Commonwealth Equity Services LLC grew its holdings in TreeHouse Foods by 5.5% in the third quarter. Commonwealth Equity Services LLC now owns 7,321 shares of the company's stock worth $319,000 after purchasing an additional 384 shares during the period. Raymond James & Associates grew its position in TreeHouse Foods by 2.1% during the 3rd quarter. Raymond James & Associates now owns 19,435 shares of the company's stock valued at $847,000 after purchasing an additional 400 shares during the last quarter. Texas Permanent School Fund Corp boosted its position in shares of TreeHouse Foods by 1.3% during the first quarter. Texas Permanent School Fund Corp now owns 44,042 shares of the company's stock valued at $1,715,000 after buying an additional 570 shares during the last quarter. Finally, ProShare Advisors LLC lifted its holdings in shares of TreeHouse Foods by 6.0% during the 1st quarter. ProShare Advisors LLC now owns 10,227 shares of the company's stock valued at $398,000 after buying an additional 579 shares during the period. 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.