TreeHouse Foods (NYSE:THS) Price Target Raised to $22.50 at Stifel Nicolaus

TreeHouse Foods (NYSE:THS) had its price target lifted by Stifel Nicolaus from $19.00 to $22.50 in a research note issued on Tuesday,Benzinga reports. The brokerage currently has a “hold” rating on the stock. Stifel Nicolaus’ price objective suggests a potential downside of 3.76% from the company’s current price.

A number of other brokerages have also recently issued reports on THS. Mizuho cut their price objective on TreeHouse Foods from $24.00 to $22.00 and set a “neutral” rating for the company in a report on Monday, July 28th. Barclays lifted their price target on shares of TreeHouse Foods from $21.00 to $23.00 and gave the company an “equal weight” rating in a report on Tuesday. Weiss Ratings restated a “sell (d)” rating on shares of TreeHouse Foods in a research report on Thursday, October 30th. Finally, Zacks Research cut shares of TreeHouse Foods from a “hold” rating to a “strong sell” rating in a research note on Friday, October 24th. Seven investment analysts have rated the stock with a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Reduce” and a consensus price target of $24.25.

TreeHouse Foods Price Performance

THS stock traded up $0.01 during trading on Tuesday, hitting $23.38. The company had a trading volume of 482,126 shares, compared to its average volume of 785,160. The company has a fifty day moving average price of $18.74 and a two-hundred day moving average price of $20.08. The company has a current ratio of 1.26, a quick ratio of 0.38 and a debt-to-equity ratio of 0.98. The company has a market cap of $1.18 billion, a P/E ratio of 59.95 and a beta of 0.25. TreeHouse Foods has a fifty-two week low of $15.85 and a fifty-two week high of $40.77.

Institutional Investors Weigh In On TreeHouse Foods

Hedge funds have recently added to or reduced their stakes in the stock. Counterpoint Mutual Funds LLC acquired a new stake in TreeHouse Foods in the 3rd quarter valued at about $3,311,000. Villanova Investment Management Co LLC bought a new stake in shares of TreeHouse Foods during the third quarter valued at approximately $2,316,000. GSA Capital Partners LLP increased its holdings in shares of TreeHouse Foods by 63.1% in the third quarter. GSA Capital Partners LLP now owns 72,070 shares of the company’s stock valued at $1,457,000 after purchasing an additional 27,885 shares in the last quarter. Public Sector Pension Investment Board increased its holdings in shares of TreeHouse Foods by 11.9% in the third quarter. Public Sector Pension Investment Board now owns 173,370 shares of the company’s stock valued at $3,504,000 after purchasing an additional 18,411 shares in the last quarter. Finally, Rhumbline Advisers raised its position in TreeHouse Foods by 4.1% in the 3rd quarter. Rhumbline Advisers now owns 151,089 shares of the company’s stock worth $3,053,000 after purchasing an additional 6,014 shares during the last quarter. 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.