TreeHouse Foods (NYSE:THS) had its price objective reduced by Citigroup from $58.00 to $55.00 in a report released on Friday. They currently have a buy rating on the stock.
A number of other research analysts have also recently issued reports on THS. UBS Group set a $47.00 price objective on TreeHouse Foods and gave the company a hold rating in a research note on Friday. Barclays reiterated a hold rating and set a $53.00 price objective on shares of TreeHouse Foods in a research note on Sunday, August 5th. JPMorgan Chase & Co. upgraded TreeHouse Foods from an underweight rating to a neutral rating and set a $39.00 price objective for the company in a research note on Friday, August 3rd. ValuEngine cut TreeHouse Foods from a sell rating to a strong sell rating in a research note on Tuesday, July 24th. Finally, Susquehanna Bancshares lifted their price objective on TreeHouse Foods from $45.00 to $46.00 and gave the company a neutral rating in a research note on Thursday, September 20th. Twelve equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The company has an average rating of Hold and an average price target of $48.46.
NYSE:THS traded up $0.68 during trading hours on Friday, reaching $44.68. 2,779,875 shares of the company traded hands, compared to its average volume of 791,326. The stock has a market capitalization of $2.51 billion, a price-to-earnings ratio of 20.40, a PEG ratio of 3.79 and a beta of 0.41. TreeHouse Foods has a 1 year low of $36.35 and a 1 year high of $55.60. The company has a current ratio of 1.90, a quick ratio of 0.69 and a debt-to-equity ratio of 1.07.
TreeHouse Foods (NYSE:THS) last announced its quarterly earnings data on Thursday, November 1st. The company reported $0.62 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.55 by $0.07. The business had revenue of $1.39 billion during the quarter, compared to analysts’ expectations of $1.42 billion. TreeHouse Foods had a positive return on equity of 5.61% and a negative net margin of 5.93%. The firm’s quarterly revenue was down 10.0% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.67 earnings per share. As a group, equities research analysts predict that TreeHouse Foods will post 2.13 EPS for the current year.
Several hedge funds have recently bought and sold shares of the company. BlackRock Inc. raised its stake in shares of TreeHouse Foods by 0.8% in the second quarter. BlackRock Inc. now owns 4,653,218 shares of the company’s stock worth $244,340,000 after purchasing an additional 36,894 shares during the last quarter. Dimensional Fund Advisors LP raised its stake in shares of TreeHouse Foods by 16.2% in the second quarter. Dimensional Fund Advisors LP now owns 2,284,193 shares of the company’s stock worth $119,945,000 after purchasing an additional 319,196 shares during the last quarter. Russell Investments Group Ltd. raised its stake in shares of TreeHouse Foods by 13.6% in the third quarter. Russell Investments Group Ltd. now owns 1,295,204 shares of the company’s stock worth $61,977,000 after purchasing an additional 154,974 shares during the last quarter. Channing Capital Management LLC purchased a new position in shares of TreeHouse Foods in the second quarter worth $54,014,000. Finally, Massachusetts Financial Services Co. MA raised its stake in shares of TreeHouse Foods by 1.2% in the third quarter. Massachusetts Financial Services Co. MA now owns 733,524 shares of the company’s stock worth $35,099,000 after purchasing an additional 8,970 shares during the last quarter.
About TreeHouse Foods
TreeHouse Foods, Inc operates as a food and beverage manufacturer in the United States, Canada, and Italy. The company operates through Baked Goods, Beverages, Condiments, Meals, and Snacks segments. The Baked Goods segment offers candies, cookies, crackers, in-store bakery products, pita chips, pretzels, refrigerated dough, retail griddle waffles, pancakes, and French toasts.
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