TreeHouse Foods (NYSE:THS) Price Target Lowered to $30.00 at Truist Financial

TreeHouse Foods (NYSE:THS) had its target price decreased by analysts at Truist Financial from $35.00 to $30.00 in a research report issued to clients and investors on Wednesday,Benzinga reports. The firm currently has a “hold” rating on the stock. Truist Financial’s price objective would indicate a potential downside of 9.86% from the stock’s previous close.

Several other equities analysts have also weighed in on the stock. Mizuho increased their price target on shares of TreeHouse Foods from $37.00 to $40.00 and gave the company a “neutral” rating in a research report on Monday, August 26th. Barclays dropped their price target on shares of TreeHouse Foods from $39.00 to $32.00 and set an “equal weight” rating on the stock in a research note on Wednesday. Stifel Nicolaus cut their price target on TreeHouse Foods from $41.00 to $32.00 and set a “hold” rating for the company in a report on Wednesday. Finally, StockNews.com upgraded 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, According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $34.20.

TreeHouse Foods Price Performance

THS opened at $33.28 on Wednesday. TreeHouse Foods has a 1 year low of $28.04 and a 1 year high of $43.84. 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 firm’s fifty day moving average price is $39.69 and its two-hundred day moving average price is $38.24.

TreeHouse Foods (NYSE:THS) last issued its quarterly earnings data 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). The firm had revenue of $854.40 million during the quarter, compared to the consensus estimate of $881.15 million. TreeHouse Foods had a positive return on equity of 5.94% and a negative net margin of 0.72%. The company’s revenue for the quarter was down 1.0% on a year-over-year basis. During the same period in the previous year, the company posted $0.57 earnings per share. On average, equities analysts anticipate that TreeHouse Foods will post 2.34 EPS for the current year.

Insider Activity 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 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 document filed with the SEC, which is available through the SEC website. 0.90% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On TreeHouse Foods

A number of institutional investors have recently made changes to their positions in the stock. Canada Pension Plan Investment Board purchased a new position in TreeHouse Foods in the second quarter worth $37,000. Signaturefd LLC increased its position in shares of TreeHouse Foods by 42.1% during the 3rd quarter. Signaturefd LLC now owns 999 shares of the company’s stock valued at $42,000 after purchasing an additional 296 shares during the last quarter. Innealta Capital LLC bought a new position in shares of TreeHouse Foods during the 2nd quarter valued at about $44,000. GAMMA Investing LLC raised its holdings in shares of 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 buying an additional 972 shares in the last quarter. Finally, Rothschild Investment LLC purchased a new stake in TreeHouse Foods in the second quarter worth approximately $67,000. Institutional investors 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.