TD Cowen Lowers TreeHouse Foods (NYSE:THS) Price Target to $27.00

TreeHouse Foods (NYSE:THS) had its price objective decreased by equities research analysts at TD Cowen from $32.00 to $27.00 in a report issued on Friday,Benzinga reports. The firm currently has a “hold” rating on the stock. TD Cowen’s price target suggests a potential upside of 16.81% from the stock’s current price.

Several other analysts have also issued reports on THS. StockNews.com upgraded shares of TreeHouse Foods from a “sell” rating to a “hold” rating in a report on Tuesday, February 18th. Barclays upped 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. Jefferies Financial Group dropped their target price on shares of TreeHouse Foods from $37.00 to $31.00 and set a “hold” rating for the company in a report on Tuesday, February 18th. Finally, Stifel Nicolaus decreased their price target on TreeHouse Foods from $35.00 to $26.00 and set a “hold” rating on the stock in a research note on Friday. Eight equities research analysts have rated the stock with a hold rating, Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $31.67.

TreeHouse Foods Stock Performance

TreeHouse Foods stock opened at $23.12 on Friday. The firm has a 50 day simple moving average of $28.87 and a 200-day simple moving average of $33.57. The stock has a market cap of $1.16 billion, a price-to-earnings ratio of 42.81 and a beta of 0.40. The company has a debt-to-equity ratio of 0.90, a current ratio of 1.36 and a quick ratio of 0.63. TreeHouse Foods has a 1-year low of $21.46 and a 1-year high of $43.84.

TreeHouse Foods (NYSE:THS) last issued 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 return on equity of 6.42% and a net margin of 0.80%. The business had revenue of $905.70 million during the quarter, compared to analysts’ expectations of $907.71 million. During the same quarter in the previous year, the company posted $0.77 earnings per share. The company’s revenue was down .5% on a year-over-year basis. On average, analysts expect that TreeHouse Foods will post 1.94 EPS for the current year.

Hedge Funds Weigh In On TreeHouse Foods

Several hedge funds and other institutional investors have recently added to or reduced their stakes in THS. FMR LLC raised its stake in shares of TreeHouse Foods by 90.5% in the fourth quarter. FMR LLC now owns 5,219,543 shares of the company’s stock valued at $183,363,000 after acquiring an additional 2,479,495 shares in the last quarter. Sessa Capital IM L.P. increased its holdings in TreeHouse Foods by 121.9% during the 4th quarter. Sessa Capital IM L.P. now owns 3,242,483 shares of the company’s stock worth $113,908,000 after purchasing an additional 1,781,179 shares during the period. Raymond James Financial Inc. acquired a new stake in TreeHouse Foods in the 4th quarter valued at about $10,362,000. JPMorgan Chase & Co. raised its position in TreeHouse Foods by 187.6% in the 3rd quarter. JPMorgan Chase & Co. now owns 316,428 shares of the company’s stock valued at $13,284,000 after purchasing an additional 206,411 shares in the last quarter. Finally, Kestrel Investment Management Corp purchased a new position in shares of TreeHouse Foods in the 4th quarter valued at about $6,058,000. Hedge funds and other institutional investors own 99.81% of the company’s stock.

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.