Truist Financial Has Lowered Expectations for TreeHouse Foods (NYSE:THS) Stock Price

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

Other equities analysts have also issued research reports about the stock. 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. StockNews.com raised shares of TreeHouse Foods from a “sell” rating to a “hold” rating in a report on Tuesday, August 6th. Stifel Nicolaus reduced their target price on TreeHouse Foods from $41.00 to $32.00 and set a “hold” rating on the stock in a report on Wednesday. Finally, Barclays dropped their price target 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 MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $34.20.

TreeHouse Foods Stock Performance

THS opened at $32.41 on Wednesday. The company has a 50 day simple moving average of $39.50 and a two-hundred day simple moving average of $38.22. 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 firm has a market cap of $1.66 billion, a P/E ratio of -68.96 and a beta of 0.23. TreeHouse Foods has a 1-year low of $28.04 and a 1-year high of $43.84.

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 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 quarterly revenue was down 1.0% on a year-over-year basis. During the same period in the prior year, the company posted $0.57 EPS. Equities analysts forecast that TreeHouse Foods will post 2.34 earnings per share for the current fiscal year.

Insider Transactions at TreeHouse Foods

In other news, EVP Kristy N. Waterman sold 3,000 shares of the business’s stock in a transaction that occurred on Monday, August 26th. The stock was sold at an average price of $42.34, for a total transaction of $127,020.00. Following the transaction, the executive vice president now owns 20,784 shares of the company’s stock, valued at approximately $879,994.56. The trade was a 12.61 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 0.90% of the company’s stock.

Institutional Trading of TreeHouse Foods

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Canada Pension Plan Investment Board purchased a new stake in TreeHouse Foods in the 2nd quarter valued at about $37,000. Signaturefd LLC grew its stake in TreeHouse Foods by 42.1% in the third quarter. Signaturefd LLC now owns 999 shares of the company’s stock worth $42,000 after purchasing an additional 296 shares in the last quarter. Innealta Capital LLC purchased a new position in TreeHouse Foods during the 2nd quarter worth $44,000. GAMMA Investing LLC increased its holdings in TreeHouse Foods by 304.7% during the 2nd quarter. GAMMA Investing LLC now owns 1,291 shares of the company’s stock worth $47,000 after purchasing an additional 972 shares during the period. Finally, Rothschild Investment LLC bought a new stake in TreeHouse Foods during the 2nd quarter valued at $67,000. 99.81% of the stock is owned by hedge funds and other 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.