TreeHouse Foods (NYSE:THS) Shares Down 5.7% – What’s Next?

TreeHouse Foods, Inc. (NYSE:THS) was down 5.7% during trading on Wednesday . The company traded as low as $28.89 and last traded at $28.85. Approximately 83,224 shares changed hands during mid-day trading, a decline of 84% from the average daily volume of 536,726 shares. The stock had previously closed at $30.59.

Analysts Set New Price Targets

A number of research analysts have recently commented on THS shares. Stifel Nicolaus upped their price target on shares of TreeHouse Foods from $32.00 to $35.00 and gave the stock a “hold” rating in a report on Friday, January 24th. Barclays increased their target price 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 upgraded shares of TreeHouse Foods from a “sell” rating to a “hold” 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 on the stock in a report on Tuesday, February 18th. Finally, Consumer Edge cut shares of TreeHouse Foods from an “overweight” rating to an “equal weight” rating in a report on Friday, November 15th. Eight research analysts have rated the stock with a hold rating, Based on data from MarketBeat, TreeHouse Foods currently has an average rating of “Hold” and a consensus price target of $34.83.

TreeHouse Foods Stock Up 0.8 %

The stock has a market capitalization of $1.41 billion, a PE ratio of 51.97 and a beta of 0.15. 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’s 50-day moving average is $32.92 and its 200 day moving average is $36.12.

TreeHouse Foods (NYSE:THS) last announced its quarterly earnings data on Friday, February 14th. The company reported $0.95 EPS for the quarter, missing the consensus estimate of $0.97 by ($0.02). The company had revenue of $905.70 million during the quarter, compared to analysts’ expectations of $907.71 million. TreeHouse Foods had a net margin of 0.80% and a return on equity of 6.42%. The business’s revenue for the quarter was down .5% compared to the same quarter last year. During the same period in the previous year, the business earned $0.77 earnings per share. As a group, analysts anticipate that TreeHouse Foods, Inc. 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 modified their holdings of the stock. FMR LLC raised its position in shares of TreeHouse Foods by 90.5% in the 4th quarter. FMR LLC now owns 5,219,543 shares of the company’s stock valued at $183,363,000 after purchasing an additional 2,479,495 shares during the last quarter. Dimensional Fund Advisors LP raised its position in TreeHouse Foods by 4.4% during the 4th quarter. Dimensional Fund Advisors LP now owns 3,296,849 shares of the company’s stock worth $115,818,000 after buying an additional 137,744 shares during the last quarter. Sessa Capital IM L.P. raised its position 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 buying an additional 1,781,179 shares during the last quarter. Rubric Capital Management LP purchased a new position in TreeHouse Foods during the 3rd quarter worth approximately $48,011,000. Finally, Charles Schwab Investment Management Inc. raised its position in TreeHouse Foods by 3.8% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 901,064 shares of the company’s stock worth $31,654,000 after buying an additional 32,613 shares during the last quarter. 99.81% of the stock is owned by hedge funds and other institutional investors.

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.