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

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

Several other research firms have also issued reports on THS. Barclays cut their target price on TreeHouse Foods from $39.00 to $32.00 and set an “equal weight” rating on the stock in a research note on Wednesday. StockNews.com upgraded shares of TreeHouse Foods from a “sell” rating to a “hold” rating in a report on Tuesday, August 6th. Mizuho boosted their price objective on shares of TreeHouse Foods from $37.00 to $40.00 and gave the stock a “neutral” rating in a research note on Monday, August 26th. Finally, Stifel Nicolaus decreased their target price on shares of TreeHouse Foods from $41.00 to $32.00 and set a “hold” rating for the company in a research report on Wednesday. Seven investment analysts have rated the stock with a hold rating, According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $34.20.

TreeHouse Foods Price Performance

NYSE THS opened at $32.41 on Wednesday. The company has a market cap of $1.66 billion, a PE ratio of -68.96 and a beta of 0.23. The firm’s 50 day moving average price is $39.50 and its 200-day moving average price is $38.22. The company has a debt-to-equity ratio of 0.90, a quick ratio of 0.52 and a current ratio of 1.40. TreeHouse Foods has a 52-week low of $28.04 and a 52-week high of $43.84.

TreeHouse Foods (NYSE:THS) last announced its earnings results on Tuesday, November 12th. The company reported $0.74 earnings per share (EPS) 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 company had revenue of $854.40 million for the quarter, compared to the consensus estimate of $881.15 million. During the same period last year, the business posted $0.57 EPS. The firm’s revenue was down 1.0% compared to the same quarter last year. Sell-side analysts forecast that TreeHouse Foods will post 2.34 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, EVP Kristy N. Waterman sold 3,000 shares of TreeHouse Foods stock in a transaction on Monday, August 26th. The shares were sold at an average price of $42.34, for a total transaction of $127,020.00. Following the completion of the sale, the executive vice president now directly owns 20,784 shares in the company, valued at approximately $879,994.56. The trade was a 12.61 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 0.90% of the company’s stock.

Hedge Funds Weigh In On TreeHouse Foods

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Signaturefd LLC raised its position in TreeHouse Foods by 42.1% during the 3rd quarter. Signaturefd LLC now owns 999 shares of the company’s stock worth $42,000 after buying an additional 296 shares during the last quarter. Canada Pension Plan Investment Board purchased a new stake in shares of TreeHouse Foods in the 2nd quarter valued at $37,000. Innealta Capital LLC acquired a new stake in shares of TreeHouse Foods in the second quarter worth $44,000. GAMMA Investing LLC raised its holdings in shares of TreeHouse Foods by 304.7% during the second 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 last quarter. Finally, Rothschild Investment LLC acquired a new position in TreeHouse Foods during the second quarter valued at $67,000. Hedge funds and other 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.