TreeHouse Foods (NYSE:THS) Price Target Lowered to $32.00 at Barclays

TreeHouse Foods (NYSE:THS) had its price objective lowered by Barclays from $39.00 to $32.00 in a report released on Wednesday morning,Benzinga reports. The brokerage currently has an equal weight rating on the stock.

A number of other equities analysts have also commented on the stock. StockNews.com raised shares of TreeHouse Foods from a “sell” rating to a “hold” rating in a research report on Tuesday, August 6th. Stifel Nicolaus lifted their price objective on shares of TreeHouse Foods from $36.00 to $41.00 and gave the stock a “hold” rating in a research report on Tuesday, August 6th. Finally, Mizuho increased their target price 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. Seven investment analysts have rated the stock with a hold rating, According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $34.20.

TreeHouse Foods Trading Down 2.6 %

NYSE THS opened at $32.41 on Wednesday. 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 1-year low of $28.04 and a 1-year high of $43.84. The business has a 50 day simple moving average of $39.50 and a two-hundred day simple moving average of $38.22.

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 company had revenue of $854.40 million for the quarter, compared to analysts’ expectations of $881.15 million. TreeHouse Foods had a negative net margin of 0.72% and a positive return on equity of 5.94%. The company’s revenue for the quarter was down 1.0% on a year-over-year basis. During the same quarter last year, the company earned $0.57 earnings per share. On average, sell-side analysts anticipate that TreeHouse Foods will post 2.15 earnings per share for the current fiscal year.

Insider Buying and Selling at TreeHouse Foods

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. 0.90% of the stock is currently owned by company insiders.

Institutional Trading of TreeHouse Foods

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