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

TreeHouse Foods (NYSE:THS) had its price objective reduced by equities research analysts at Barclays from $39.00 to $32.00 in a research note issued on Wednesday,Benzinga reports. The brokerage currently has an “equal weight” rating on the stock. Barclays‘s price target would indicate a potential downside of 3.85% from the company’s previous close.

Several other equities research analysts also recently weighed in on THS. Mizuho increased their price target on TreeHouse Foods from $37.00 to $40.00 and gave the stock a “neutral” rating in a report on Monday, August 26th. StockNews.com upgraded TreeHouse Foods from a “sell” rating to a “hold” rating in a research note on Tuesday, August 6th. Finally, Stifel Nicolaus boosted their target price on shares of TreeHouse Foods from $36.00 to $41.00 and gave the company a “hold” rating in a research note on Tuesday, August 6th. Six research analysts have rated the stock with a hold rating, Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $34.20.

TreeHouse Foods Stock Performance

Shares of TreeHouse Foods stock opened at $33.28 on Wednesday. The company has a current ratio of 1.40, a quick ratio of 0.52 and a debt-to-equity ratio of 0.90. TreeHouse Foods has a one year low of $28.04 and a one year high of $43.84. The stock has a 50 day moving average price of $39.69 and a 200-day moving average price of $38.24.

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

Insider Activity at TreeHouse Foods

In other TreeHouse Foods news, EVP Kristy N. Waterman sold 3,000 shares of the stock in a transaction dated Monday, August 26th. The shares were sold at an average price of $42.34, for a total transaction of $127,020.00. Following the transaction, the executive vice president now directly owns 20,784 shares in the company, valued at $879,994.56. This represents a 12.61 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.90% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On TreeHouse Foods

Hedge funds have recently modified their holdings of the business. Signaturefd LLC increased its holdings in TreeHouse Foods by 42.1% during the third quarter. Signaturefd LLC now owns 999 shares of the company’s stock valued at $42,000 after buying an additional 296 shares during the period. Pullen Investment Management LLC increased its holdings in shares of TreeHouse Foods by 2.0% in the 2nd quarter. Pullen Investment Management LLC now owns 21,186 shares of the company’s stock valued at $776,000 after acquiring an additional 408 shares during the period. BNP Paribas Financial Markets lifted its stake in shares of TreeHouse Foods by 4.7% during the 3rd quarter. BNP Paribas Financial Markets now owns 10,657 shares of the company’s stock worth $447,000 after purchasing an additional 481 shares during the last quarter. Verdence Capital Advisors LLC lifted its stake in shares of TreeHouse Foods by 5.8% during the 3rd quarter. Verdence Capital Advisors LLC now owns 9,074 shares of the company’s stock worth $381,000 after purchasing an additional 499 shares during the last quarter. Finally, KBC Group NV boosted its position in TreeHouse Foods by 40.9% during the third quarter. KBC Group NV now owns 1,943 shares of the company’s stock valued at $82,000 after purchasing an additional 564 shares in the last quarter. Hedge funds and other 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.