TreeHouse Foods, Inc. (NYSE:THS) Receives $34.83 Consensus Target Price from Brokerages

Shares of TreeHouse Foods, Inc. (NYSE:THS) have received a consensus rating of “Hold” from the seven research firms that are currently covering the company, Marketbeat.com reports. Seven research analysts have rated the stock with a hold rating. The average 12-month price objective among analysts that have issued a report on the stock in the last year is $34.83.

A number of equities analysts have commented on THS shares. Barclays lifted their price objective on shares of TreeHouse Foods from $35.00 to $36.00 and gave the stock an “equal weight” rating in a report on Tuesday, February 18th. StockNews.com raised shares of TreeHouse Foods from a “sell” rating to a “hold” rating in a research report on Tuesday, February 18th. Jefferies Financial Group cut their target price on shares of 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 upped their target price on TreeHouse Foods from $32.00 to $35.00 and gave the company a “hold” rating in a report on Friday, January 24th.

TreeHouse Foods Price Performance

THS opened at $27.06 on Wednesday. The company has a market capitalization of $1.36 billion, a P/E ratio of 50.11 and a beta of 0.15. The company has a 50-day moving average of $31.32 and a 200-day moving average of $35.03. The company has a debt-to-equity ratio of 0.90, a quick ratio of 0.63 and a current ratio of 1.36. TreeHouse Foods has a 1-year low of $25.69 and a 1-year high of $43.84.

TreeHouse Foods (NYSE:THS) last announced its quarterly earnings data 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). TreeHouse Foods had a net margin of 0.80% and a return on equity of 6.42%. The firm had revenue of $905.70 million during the quarter, compared to the consensus estimate of $907.71 million. During the same period in the prior year, the firm earned $0.77 earnings per share. The firm’s quarterly revenue was down .5% compared to the same quarter last year. Equities analysts expect that TreeHouse Foods will post 1.94 EPS for the current fiscal year.

Hedge Funds Weigh In On TreeHouse Foods

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Blue Trust Inc. grew its stake in shares of TreeHouse Foods by 456.7% in the fourth quarter. Blue Trust Inc. now owns 1,119 shares of the company’s stock worth $39,000 after purchasing an additional 918 shares in the last quarter. Sterling Capital Management LLC lifted its holdings in TreeHouse Foods by 134.4% in the fourth quarter. Sterling Capital Management LLC now owns 2,374 shares of the company’s stock worth $83,000 after purchasing an additional 1,361 shares during the period. KBC Group NV grew its position in TreeHouse Foods by 45.1% in the 4th quarter. KBC Group NV now owns 2,820 shares of the company’s stock valued at $99,000 after buying an additional 877 shares in the last quarter. CIBC Private Wealth Group LLC increased its stake in TreeHouse Foods by 58.2% during the 4th quarter. CIBC Private Wealth Group LLC now owns 4,101 shares of the company’s stock valued at $142,000 after buying an additional 1,508 shares during the period. Finally, Legacy Wealth Asset Management LLC bought a new stake in shares of TreeHouse Foods during the 4th quarter worth about $216,000. 99.81% of the stock is owned by institutional investors.

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.