TreeHouse Foods (NYSE:THS) Given New $30.00 Price Target at Truist Financial

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

THS has been the topic of a number of other reports. Stifel Nicolaus decreased 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. Mizuho raised their target price on shares of TreeHouse Foods from $37.00 to $40.00 and gave the company a “neutral” rating in a report on Monday, August 26th. StockNews.com upgraded shares of TreeHouse Foods from a “sell” rating to a “hold” rating in a research report on Tuesday, August 6th. Finally, Barclays cut their price objective on TreeHouse Foods from $39.00 to $32.00 and set an “equal weight” rating for the company in a research report on Wednesday. Six equities research analysts have rated the stock with a hold rating, According to MarketBeat.com, TreeHouse Foods presently has a consensus rating of “Hold” and a consensus price target of $34.20.

TreeHouse Foods Trading Down 0.9 %

Shares of THS stock opened at $31.59 on Wednesday. TreeHouse Foods has a 1-year low of $28.04 and a 1-year high of $43.84. The company has a debt-to-equity ratio of 0.90, a current ratio of 1.40 and a quick ratio of 0.52. The business’s fifty day moving average price is $39.87 and its 200 day moving average price is $38.28. The firm has a market capitalization of $1.66 billion, a PE ratio of -67.20 and a beta of 0.23.

TreeHouse Foods (NYSE:THS) last announced its quarterly earnings results on Tuesday, November 12th. The company reported $0.74 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 company had revenue of $854.40 million during the quarter, compared to analysts’ expectations of $881.15 million. During the same quarter in the prior year, the business earned $0.57 EPS. The business’s revenue for the quarter was down 1.0% compared to the same quarter last year. As a group, sell-side analysts forecast that TreeHouse Foods will post 2.34 EPS for the current fiscal year.

Insiders Place Their Bets

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 value of $127,020.00. Following the sale, the executive vice president now directly owns 20,784 shares of the company’s stock, valued at approximately $879,994.56. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate 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. Rubric Capital Management LP acquired a new stake in shares of TreeHouse Foods during the third quarter valued at about $48,011,000. FMR LLC boosted its holdings in TreeHouse Foods by 28.1% in the third quarter. FMR LLC now owns 2,740,048 shares of the company’s stock valued at $115,027,000 after purchasing an additional 600,723 shares during the last quarter. Capital Research Global Investors grew its stake in TreeHouse Foods by 52.6% during the 1st quarter. Capital Research Global Investors now owns 950,372 shares of the company’s stock valued at $37,017,000 after purchasing an additional 327,448 shares in the last quarter. Shapiro Capital Management LLC raised its position in shares of TreeHouse Foods by 22.0% in the 2nd 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. Finally, New South Capital Management Inc. boosted its stake in shares of TreeHouse Foods by 22.4% during the 2nd 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 during the last quarter. 99.81% of the stock is owned by institutional investors and hedge funds.

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.