Truist Financial Lowers TreeHouse Foods (NYSE:THS) Price Target to $20.00

TreeHouse Foods (NYSE:THS) had its target price reduced by research analysts at Truist Financial from $25.00 to $20.00 in a research report issued to clients and investors on Thursday,Benzinga reports. The brokerage currently has a “hold” rating on the stock. Truist Financial’s target price would suggest a potential downside of 11.54% from the company’s current price.

Several other analysts also recently issued reports on THS. Stifel Nicolaus decreased their price objective on shares of TreeHouse Foods from $26.00 to $24.00 and set a “hold” rating for the company in a research note on Thursday, April 24th. Barclays upped their price objective on shares of TreeHouse Foods from $35.00 to $36.00 and gave the stock an “equal weight” rating in a research note on Tuesday, February 18th. StockNews.com raised shares of TreeHouse Foods from a “sell” rating to a “hold” rating in a research report on Tuesday, February 18th. TD Cowen lowered their price target on shares of TreeHouse Foods from $32.00 to $27.00 and set a “hold” rating for the company in a research report on Friday, April 11th. Finally, Jefferies Financial Group dropped their price objective on shares of TreeHouse Foods from $37.00 to $31.00 and set a “hold” rating on the stock in a research note on Tuesday, February 18th. Eight investment analysts have rated the stock with a hold rating, According to MarketBeat, TreeHouse Foods currently has an average rating of “Hold” and an average price target of $27.83.

TreeHouse Foods Price Performance

THS stock opened at $22.61 on Thursday. The company has a fifty day simple moving average of $25.02 and a two-hundred day simple moving average of $31.08. TreeHouse Foods has a 52 week low of $20.63 and a 52 week high of $43.84. The company has a quick ratio of 0.63, a current ratio of 1.36 and a debt-to-equity ratio of 0.90. The firm has a market capitalization of $1.14 billion, a P/E ratio of 41.87 and a beta of 0.30.

TreeHouse Foods (NYSE:THS) last released its quarterly earnings results on Tuesday, May 6th. The company reported $0.03 EPS for the quarter, topping the consensus estimate of ($0.21) by $0.24. TreeHouse Foods had a return on equity of 6.42% and a net margin of 0.80%. The company had revenue of $792.00 million during the quarter, compared to analyst estimates of $789.66 million. During the same quarter last year, the business posted ($0.03) earnings per share. The firm’s revenue was down 3.5% on a year-over-year basis. Analysts anticipate that TreeHouse Foods will post 1.94 earnings per share for the current fiscal year.

Insider Buying and Selling at TreeHouse Foods

In related news, CEO Steven Oakland acquired 4,660 shares of the firm’s stock in a transaction that occurred on Thursday, May 8th. The stock was purchased at an average cost of $21.46 per share, with a total value of $100,003.60. Following the transaction, the chief executive officer now directly owns 369,521 shares of the company’s stock, valued at $7,929,920.66. This trade represents a 1.28 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 11.10% of the stock is owned by insiders.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the stock. Hsbc Holdings PLC increased its position in shares of TreeHouse Foods by 4.5% in the 4th quarter. Hsbc Holdings PLC now owns 9,024 shares of the company’s stock valued at $317,000 after acquiring an additional 385 shares during the period. Comerica Bank increased its holdings in shares of TreeHouse Foods by 1.5% in the fourth quarter. Comerica Bank now owns 28,207 shares of the company’s stock valued at $991,000 after purchasing an additional 407 shares during the period. Illinois Municipal Retirement Fund raised its stake in shares of TreeHouse Foods by 2.3% in the first quarter. Illinois Municipal Retirement Fund now owns 25,462 shares of the company’s stock worth $690,000 after purchasing an additional 562 shares during the last quarter. Bank of Montreal Can lifted its holdings in shares of TreeHouse Foods by 9.6% during the fourth quarter. Bank of Montreal Can now owns 7,740 shares of the company’s stock worth $272,000 after purchasing an additional 681 shares during the period. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in TreeHouse Foods by 2.7% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 26,838 shares of the company’s stock valued at $943,000 after buying an additional 696 shares during the last quarter. Institutional investors and hedge funds 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.