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

TreeHouse Foods (NYSE:THS) had its target price dropped by analysts at Barclays from $39.00 to $32.00 in a research note issued to investors on Wednesday,Benzinga reports. The firm presently has an “equal weight” rating on the stock. Barclays‘s price target would suggest a potential upside of 2.99% from the stock’s previous close.

A number of other analysts also recently issued reports on the company. StockNews.com raised TreeHouse Foods from a “sell” rating to a “hold” rating in a research report on Tuesday, August 6th. Mizuho lifted their target price on TreeHouse Foods from $37.00 to $40.00 and gave the company a “neutral” rating in a research report on Monday, August 26th. Finally, Stifel Nicolaus boosted their price target on TreeHouse Foods from $36.00 to $41.00 and gave the stock a “hold” rating in a research report on Tuesday, August 6th. Six research analysts have rated the stock with a hold rating, According to data from MarketBeat.com, TreeHouse Foods presently has an average rating of “Hold” and a consensus price target of $35.20.

TreeHouse Foods Stock Down 2.5 %

Shares of THS traded down $0.80 during midday trading on Wednesday, hitting $31.07. The stock had a trading volume of 342,180 shares, compared to its average volume of 503,980. The company has a 50 day simple moving average of $40.06 and a two-hundred day simple moving average of $38.33. TreeHouse Foods has a twelve month low of $28.04 and a twelve month high of $43.84. The firm has a market cap of $1.63 billion, a price-to-earnings ratio of -66.10 and a beta of 0.23. The company has a debt-to-equity ratio of 0.90, a current ratio of 1.40 and a quick ratio of 0.52.

TreeHouse Foods (NYSE:THS) last released its quarterly 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). The firm had revenue of $854.40 million during the quarter, compared to analyst estimates of $881.15 million. TreeHouse Foods had a negative net margin of 0.72% and a positive return on equity of 5.94%. The business’s revenue for the quarter was down 1.0% compared to the same quarter last year. During the same period in the prior year, the business earned $0.57 EPS. On average, analysts anticipate that TreeHouse Foods will post 2.34 EPS for the current year.

Insiders Place Their Bets

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 completion of the sale, the executive vice president now owns 20,784 shares in the company, valued at $879,994.56. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Company insiders own 0.90% of the company’s stock.

Institutional Investors Weigh In On TreeHouse Foods

Several institutional investors have recently made changes to their positions in the stock. Signaturefd LLC boosted its stake in shares of TreeHouse Foods by 42.1% in the third quarter. Signaturefd LLC now owns 999 shares of the company’s stock valued at $42,000 after buying an additional 296 shares during the period. Pullen Investment Management LLC raised its position in TreeHouse Foods by 2.0% during the second quarter. Pullen Investment Management LLC now owns 21,186 shares of the company’s stock valued at $776,000 after purchasing an additional 408 shares in the last quarter. Verdence Capital Advisors LLC raised its position in TreeHouse Foods by 5.8% during the third quarter. Verdence Capital Advisors LLC now owns 9,074 shares of the company’s stock valued at $381,000 after purchasing an additional 499 shares in the last quarter. KBC Group NV raised its position in TreeHouse Foods by 40.9% during the third quarter. KBC Group NV now owns 1,943 shares of the company’s stock valued at $82,000 after purchasing an additional 564 shares in the last quarter. Finally, Texas Permanent School Fund Corp raised its position in TreeHouse Foods by 1.3% during the first quarter. Texas Permanent School Fund Corp now owns 44,042 shares of the company’s stock valued at $1,715,000 after purchasing an additional 570 shares in the last quarter. 99.81% of the stock is currently owned by institutional investors.

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.