Stifel Nicolaus Cuts TreeHouse Foods (NYSE:THS) Price Target to $32.00

TreeHouse Foods (NYSE:THS) had its target price trimmed by Stifel Nicolaus from $41.00 to $32.00 in a research report sent to investors on Wednesday,Benzinga reports. The brokerage currently has a hold rating on the stock.

A number of other analysts have also issued reports on THS. StockNews.com upgraded shares of TreeHouse Foods from a “sell” rating to a “hold” rating in a research report on Tuesday, August 6th. Mizuho increased their price target on TreeHouse Foods from $37.00 to $40.00 and gave the stock a “neutral” rating in a research note on Monday, August 26th. Finally, Barclays dropped their target price on TreeHouse Foods from $39.00 to $32.00 and set an “equal weight” rating for the company in a research note on Wednesday. Seven research analysts have rated the stock with a hold rating, According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $34.20.

TreeHouse Foods Price Performance

NYSE THS opened at $32.41 on Wednesday. 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 has a fifty-two week low of $28.04 and a fifty-two week high of $43.84. The business has a fifty day moving average of $39.50 and a 200-day moving average of $38.22.

TreeHouse Foods (NYSE:THS) last announced 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). TreeHouse Foods had a negative net margin of 0.72% and a positive return on equity of 5.94%. The firm had revenue of $854.40 million during the quarter, compared to analyst estimates of $881.15 million. During the same period in the previous year, the firm posted $0.57 EPS. The company’s revenue for the quarter was down 1.0% compared to the same quarter last year. Equities research analysts predict that TreeHouse Foods will post 2.15 earnings per share for the current year.

Insiders Place Their Bets

In other TreeHouse Foods news, EVP Kristy N. Waterman sold 3,000 shares of the stock in a transaction on Monday, August 26th. The stock was 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 $879,994.56. This trade represents a 12.61 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 0.90% of the stock is currently owned by corporate insiders.

Institutional Trading of TreeHouse Foods

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

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.