Truist Financial Has Lowered Expectations for TreeHouse Foods (NYSE:THS) Stock Price

TreeHouse Foods (NYSE:THS) had its target price reduced by Truist Financial from $35.00 to $30.00 in a research report issued to clients and investors on Wednesday,Benzinga reports. The brokerage presently has a “hold” rating on the stock. Truist Financial’s target price suggests a potential downside of 4.79% from the stock’s previous close.

Several other research firms have also recently issued reports on THS. StockNews.com raised shares of TreeHouse Foods from a “sell” rating to a “hold” rating in a research report on Tuesday, August 6th. Barclays decreased their price target on shares of TreeHouse Foods from $39.00 to $32.00 and set an “equal weight” rating on the stock in a report on Wednesday. Mizuho upped their price objective on TreeHouse Foods from $37.00 to $40.00 and gave the stock a “neutral” rating in a report on Monday, August 26th. Finally, Stifel Nicolaus reduced their target price on TreeHouse Foods from $41.00 to $32.00 and set a “hold” rating on the stock in a report on Wednesday. Six research analysts have rated the stock with a hold rating, According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $34.20.

TreeHouse Foods Trading Down 1.1 %

THS traded down $0.36 during trading on Wednesday, hitting $31.51. The company’s stock had a trading volume of 630,467 shares, compared to its average volume of 505,106. TreeHouse Foods has a twelve month low of $28.04 and a twelve month high of $43.84. The stock has a market cap of $1.66 billion, a PE ratio of -66.79 and a beta of 0.23. The firm’s 50 day moving average price is $40.06 and its 200-day moving average price is $38.33. The company has a debt-to-equity ratio of 0.90, a current ratio of 1.40 and a quick ratio of 0.52.

TreeHouse Foods (NYSE:THS) last released its earnings results on Tuesday, November 12th. The company reported $0.74 EPS for the quarter, missing the consensus estimate of $0.75 by ($0.01). TreeHouse Foods had a negative net margin of 0.72% and a positive return on equity of 5.94%. The business had revenue of $854.40 million during the quarter, compared to analyst estimates of $881.15 million. During the same quarter in the previous year, the company posted $0.57 earnings per share. The business’s revenue for the quarter was down 1.0% compared to the same quarter last year. On average, analysts expect that TreeHouse Foods will post 2.34 earnings per share for the current year.

Insider Activity

In related news, EVP Kristy N. Waterman sold 3,000 shares of the company’s stock in a transaction on Monday, August 26th. The shares were sold at an average price of $42.34, for a total transaction of $127,020.00. Following the completion of the sale, the executive vice president now directly owns 20,784 shares of the company’s stock, valued at approximately $879,994.56. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.90% of the company’s stock.

Hedge Funds Weigh In On TreeHouse Foods

Several hedge funds and other institutional investors have recently bought and sold shares of THS. Canada Pension Plan Investment Board purchased a new stake in shares of TreeHouse Foods during the second quarter valued at approximately $37,000. Signaturefd LLC increased its stake in TreeHouse Foods by 42.1% during the 3rd quarter. Signaturefd LLC now owns 999 shares of the company’s stock worth $42,000 after buying an additional 296 shares during the period. Innealta Capital LLC acquired a new position in TreeHouse Foods in the 2nd quarter worth $44,000. GAMMA Investing LLC boosted its position in TreeHouse Foods by 304.7% in the 2nd quarter. GAMMA Investing LLC now owns 1,291 shares of the company’s stock valued at $47,000 after buying an additional 972 shares during the last quarter. Finally, Rothschild Investment LLC acquired a new stake in shares of TreeHouse Foods during the second quarter valued at about $67,000. 99.81% of the stock is owned by institutional investors and hedge funds.

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.