Truist Financial Lowers TreeHouse Foods (NYSE:THS) Price Target to $20.00

TreeHouse Foods (NYSE:THS) had its price objective lowered by Truist Financial from $25.00 to $20.00 in a research note published on Thursday,Benzinga reports. The brokerage currently has a hold rating on the stock.

THS has been the topic of a number of other research reports. Barclays boosted their target price on shares of TreeHouse Foods from $35.00 to $36.00 and gave the company an “equal weight” rating in a report on Tuesday, February 18th. Stifel Nicolaus decreased their price objective on TreeHouse Foods from $26.00 to $24.00 and set a “hold” rating on the stock in a research note on Thursday, April 24th. Jefferies Financial Group cut their target price on TreeHouse Foods from $37.00 to $31.00 and set a “hold” rating for the company in a research note on Tuesday, February 18th. StockNews.com upgraded TreeHouse Foods from a “sell” rating to a “hold” rating in a research report on Tuesday, February 18th. Finally, TD Cowen cut their price objective on shares of TreeHouse Foods from $32.00 to $27.00 and set a “hold” rating for the company in a research report on Friday, April 11th. Eight research analysts have rated the stock with a hold rating, Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $27.83.

TreeHouse Foods Stock Performance

Shares of THS opened at $22.61 on Thursday. The stock’s fifty day moving average price is $25.02 and its two-hundred day moving average price is $31.03. TreeHouse Foods has a 1 year low of $20.63 and a 1 year high of $43.84. The firm has a market cap of $1.14 billion, a PE ratio of 41.87 and a beta of 0.30. The company has a debt-to-equity ratio of 0.90, a current ratio of 1.36 and a quick ratio of 0.63.

TreeHouse Foods (NYSE:THS) last issued its earnings results on Tuesday, May 6th. The company reported $0.03 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.21) by $0.24. TreeHouse Foods had a net margin of 0.80% and a return on equity of 6.42%. The firm had revenue of $792.00 million during the quarter, compared to analyst estimates of $789.66 million. During the same quarter last year, the business earned ($0.03) earnings per share. The company’s quarterly revenue was down 3.5% on a year-over-year basis. On average, equities research analysts forecast that TreeHouse Foods will post 1.94 EPS for the current year.

Insider Buying and Selling

In related news, CEO Steven Oakland purchased 4,660 shares of the firm’s stock in a transaction dated Thursday, May 8th. The shares were purchased at an average price of $21.46 per share, with a total value of $100,003.60. Following the acquisition, the chief executive officer now directly owns 369,521 shares of the company’s stock, valued at approximately $7,929,920.66. This represents a 1.28 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 11.10% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in THS. Blue Trust Inc. lifted its stake in TreeHouse Foods by 456.7% during the fourth quarter. Blue Trust Inc. now owns 1,119 shares of the company’s stock worth $39,000 after purchasing an additional 918 shares during the last quarter. Sterling Capital Management LLC lifted its position in TreeHouse Foods by 134.4% in the 4th quarter. Sterling Capital Management LLC now owns 2,374 shares of the company’s stock worth $83,000 after buying an additional 1,361 shares during the last quarter. KBC Group NV boosted its stake in TreeHouse Foods by 45.1% in the fourth quarter. KBC Group NV now owns 2,820 shares of the company’s stock worth $99,000 after buying an additional 877 shares in the last quarter. CIBC Private Wealth Group LLC grew its position in TreeHouse Foods by 58.2% during the fourth quarter. CIBC Private Wealth Group LLC now owns 4,101 shares of the company’s stock valued at $142,000 after acquiring an additional 1,508 shares during the last quarter. Finally, Legacy Wealth Asset Management LLC purchased a new position in shares of TreeHouse Foods during the fourth quarter worth approximately $216,000. 99.81% of the stock is currently 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.