TreeHouse Foods (NYSE:THS) Price Target Cut to $30.00 by Analysts at Truist Financial

TreeHouse Foods (NYSE:THS) had its price target lowered by Truist Financial from $35.00 to $30.00 in a research report report published on Wednesday,Benzinga reports. The brokerage currently has a hold rating on the stock.

Several other research analysts have also recently commented on THS. Mizuho upped their target price on shares of TreeHouse Foods from $37.00 to $40.00 and gave the stock a “neutral” rating in a research report on Monday, August 26th. Stifel Nicolaus lowered their target price on TreeHouse Foods from $41.00 to $32.00 and set a “hold” rating on the stock in a research report on Wednesday. Barclays cut their target price on TreeHouse Foods from $39.00 to $32.00 and set an “equal weight” rating on the stock in a research note on Wednesday. Finally, StockNews.com raised TreeHouse Foods from a “sell” rating to a “hold” rating in a research note on Tuesday, August 6th. Six equities research 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 an average price target of $34.20.

TreeHouse Foods Price Performance

THS opened at $31.59 on Wednesday. The company has a quick ratio of 0.52, a current ratio of 1.40 and a debt-to-equity ratio of 0.90. The company’s 50-day moving average price is $39.87 and its 200 day moving average price is $38.28. TreeHouse Foods has a fifty-two week low of $28.04 and a fifty-two week high of $43.84. The firm has a market cap of $1.66 billion, a price-to-earnings ratio of -67.20 and a beta of 0.23.

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

Insider Transactions at TreeHouse Foods

In related news, EVP Kristy N. Waterman sold 3,000 shares of the firm’s stock in a transaction that occurred 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 in the company, valued at approximately $879,994.56. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Company insiders own 0.90% of the company’s stock.

Institutional Trading of TreeHouse Foods

Institutional investors and hedge funds have recently bought and sold shares of the stock. FMR LLC raised its holdings in shares of TreeHouse Foods by 28.1% during the third quarter. FMR LLC now owns 2,740,048 shares of the company’s stock valued at $115,027,000 after acquiring an additional 600,723 shares during the period. Shapiro Capital Management LLC lifted its holdings in shares of TreeHouse Foods by 22.0% in the second quarter. Shapiro Capital Management LLC now owns 1,587,415 shares of the company’s stock valued at $58,163,000 after purchasing an additional 286,770 shares in the last quarter. New South Capital Management Inc. grew its holdings in shares of TreeHouse Foods by 22.4% during the second quarter. New South Capital Management Inc. now owns 1,370,548 shares of the company’s stock valued at $50,217,000 after buying an additional 250,399 shares in the last quarter. Rubric Capital Management LP purchased a new position in shares of TreeHouse Foods during the third quarter valued at $48,011,000. Finally, Capital Research Global Investors raised its position in TreeHouse Foods by 52.6% during the first quarter. Capital Research Global Investors now owns 950,372 shares of the company’s stock valued at $37,017,000 after buying an additional 327,448 shares during the period. Institutional investors and hedge funds 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.