Barclays Lowers TreeHouse Foods (NYSE:THS) Price Target to $21.00

TreeHouse Foods (NYSE:THS) had its price objective reduced by investment analysts at Barclays from $25.00 to $21.00 in a research report issued to clients and investors on Tuesday,Benzinga reports. The firm presently has an “equal weight” rating on the stock. Barclays‘s target price would suggest a potential upside of 8.08% from the stock’s current price.

THS has been the topic of a number of other research reports. Stifel Nicolaus decreased their target price on shares of TreeHouse Foods from $26.00 to $24.00 and set a “hold” rating on the stock in a research report on Thursday, April 24th. Truist Financial decreased their target price on shares of TreeHouse Foods from $25.00 to $20.00 and set a “hold” rating on the stock in a research report on Thursday, May 8th. Finally, TD Cowen decreased their target price on shares of TreeHouse Foods from $32.00 to $27.00 and set a “hold” rating on the stock in a research report on Friday, April 11th. Eight analysts have rated the stock with a hold rating, Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $27.17.

TreeHouse Foods Price Performance

Shares of NYSE:THS opened at $19.43 on Tuesday. The business’s fifty day moving average price is $21.48 and its two-hundred day moving average price is $26.59. The stock has a market cap of $981.22 million, a PE ratio of 149.47 and a beta of 0.25. The company has a debt-to-equity ratio of 0.93, a quick ratio of 0.27 and a current ratio of 1.14. TreeHouse Foods has a one year low of $19.11 and a one year high of $43.84.

TreeHouse Foods (NYSE:THS) last announced its earnings results on Tuesday, May 6th. The company reported $0.03 EPS for the quarter, beating analysts’ consensus estimates of ($0.21) by $0.24. The firm had revenue of $792.00 million for the quarter, compared to analysts’ expectations of $789.66 million. TreeHouse Foods had a return on equity of 6.73% and a net margin of 0.20%. TreeHouse Foods’s quarterly revenue was down 3.5% on a year-over-year basis. During the same quarter in the prior year, the firm earned ($0.03) EPS. On average, analysts forecast that TreeHouse Foods will post 1.94 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, Director Jana Partners Management, Lp purchased 124,785 shares of the firm’s stock in a transaction on Thursday, May 8th. The shares were bought at an average price of $21.85 per share, for a total transaction of $2,726,552.25. Following the acquisition, the director directly owned 5,040,533 shares in the company, valued at $110,135,646.05. This trade represents a 2.54% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is available at this link. Also, CEO Steven Oakland purchased 4,660 shares of the firm’s stock in a transaction on Thursday, May 8th. The stock was bought at an average price of $21.46 per share, for a total transaction of $100,003.60. Following the acquisition, the chief executive officer owned 369,521 shares in the company, valued at $7,929,920.66. The trade was a 1.28% increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last quarter, insiders acquired 147,123 shares of company stock worth $3,234,741. 11.10% of the stock is owned by company insiders.

Hedge Funds Weigh In On TreeHouse Foods

A number of hedge funds have recently made changes to their positions in THS. FMR LLC boosted its holdings in shares of TreeHouse Foods by 90.5% in the 4th quarter. FMR LLC now owns 5,219,543 shares of the company’s stock valued at $183,363,000 after purchasing an additional 2,479,495 shares during the last quarter. Sessa Capital IM L.P. lifted its holdings in shares of TreeHouse Foods by 121.9% during the 4th quarter. Sessa Capital IM L.P. now owns 3,242,483 shares of the company’s stock valued at $113,908,000 after acquiring an additional 1,781,179 shares in the last quarter. Raymond James Financial Inc. acquired a new position in shares of TreeHouse Foods during the 4th quarter valued at $10,362,000. Bridgeway Capital Management LLC acquired a new position in shares of TreeHouse Foods during the 1st quarter valued at $6,730,000. Finally, Dark Forest Capital Management LP acquired a new position in shares of TreeHouse Foods during the 1st quarter valued at $5,798,000. 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.