TreeHouse Foods (NYSE:THS) Price Target Lowered to $26.00 at Stifel Nicolaus

TreeHouse Foods (NYSE:THS) had its target price decreased by Stifel Nicolaus from $35.00 to $26.00 in a research note issued to investors on Friday morning,Benzinga reports. Stifel Nicolaus currently has a hold rating on the stock.

A number of other brokerages have also issued reports on THS. Barclays boosted their target price on shares of TreeHouse Foods from $35.00 to $36.00 and gave the company an “equal weight” rating in a research note 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. Finally, Jefferies Financial Group reduced their target price on shares of TreeHouse Foods from $37.00 to $31.00 and set a “hold” rating on the stock in a research report on Tuesday, February 18th. Eight analysts have rated the stock with a hold rating, Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $31.67.

TreeHouse Foods Stock Performance

Shares of NYSE:THS opened at $23.12 on Friday. The company has a current ratio of 1.36, a quick ratio of 0.63 and a debt-to-equity ratio of 0.90. The company has a market capitalization of $1.16 billion, a price-to-earnings ratio of 42.81 and a beta of 0.40. TreeHouse Foods has a 12 month low of $21.46 and a 12 month high of $43.84. The firm’s 50-day moving average is $28.87 and its 200 day moving average is $33.57.

TreeHouse Foods (NYSE:THS) last issued its quarterly earnings results 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 quarterly revenue was down .5% compared to the same quarter last year. Research analysts predict that TreeHouse Foods will post 1.94 EPS for the current year.

Hedge Funds Weigh In On TreeHouse Foods

A number of large investors have recently bought and sold shares of the business. Blue Trust Inc. raised its holdings in 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 raised its stake in shares of TreeHouse Foods by 134.4% during the 4th quarter. Sterling Capital Management LLC now owns 2,374 shares of the company’s stock worth $83,000 after acquiring an additional 1,361 shares in the last quarter. KBC Group NV lifted its position in TreeHouse Foods by 45.1% during the fourth quarter. KBC Group NV now owns 2,820 shares of the company’s stock valued at $99,000 after acquiring an additional 877 shares during the last quarter. CIBC Private Wealth Group LLC boosted its stake in TreeHouse Foods by 58.2% in the fourth quarter. CIBC Private Wealth Group LLC now owns 4,101 shares of the company’s stock valued at $142,000 after acquiring an additional 1,508 shares in the last quarter. Finally, Legacy Wealth Asset Management LLC purchased a new position in TreeHouse Foods in the fourth quarter worth $216,000. 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.