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

TreeHouse Foods (NYSE:THS) had its target price trimmed by Truist Financial from $35.00 to $30.00 in a research report released on Wednesday,Benzinga reports. The firm currently has a hold rating on the stock.

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

TreeHouse Foods Price Performance

Shares of NYSE:THS opened at $32.40 on Wednesday. The stock has a market capitalization of $1.66 billion, a P/E ratio of -68.93 and a beta of 0.23. The business has a 50-day moving average of $39.50 and a two-hundred day moving average of $38.21. TreeHouse Foods has a fifty-two week low of $28.04 and a fifty-two week high of $43.84. 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 issued its quarterly earnings data on Tuesday, November 12th. The company reported $0.74 earnings per share for the quarter, missing analysts’ consensus estimates of $0.75 by ($0.01). The company had revenue of $854.40 million during the quarter, compared to the consensus estimate of $881.15 million. TreeHouse Foods had a negative net margin of 0.72% and a positive return on equity of 5.94%. The firm’s revenue was down 1.0% on a year-over-year basis. During the same period in the previous year, the business posted $0.57 earnings per share. On average, equities research analysts predict that TreeHouse Foods will post 2.34 EPS for the current fiscal year.

Insider Transactions at TreeHouse Foods

In other TreeHouse Foods news, EVP Kristy N. Waterman sold 3,000 shares of the firm’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 value of $127,020.00. Following the completion of the sale, the executive vice president now owns 20,784 shares in the company, valued at approximately $879,994.56. This trade represents a 12.61 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.90% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. Texas Permanent School Fund Corp increased its holdings in TreeHouse Foods by 1.3% in the 1st quarter. Texas Permanent School Fund Corp now owns 44,042 shares of the company’s stock valued at $1,715,000 after buying an additional 570 shares during the period. SG Americas Securities LLC increased its stake in TreeHouse Foods by 33.6% in the first quarter. SG Americas Securities LLC now owns 3,875 shares of the company’s stock valued at $151,000 after acquiring an additional 975 shares during the period. ProShare Advisors LLC raised its position in TreeHouse Foods by 6.0% in the first quarter. ProShare Advisors LLC now owns 10,227 shares of the company’s stock worth $398,000 after purchasing an additional 579 shares in the last quarter. State Board of Administration of Florida Retirement System lifted its stake in TreeHouse Foods by 26.0% during the first quarter. State Board of Administration of Florida Retirement System now owns 18,527 shares of the company’s stock worth $722,000 after purchasing an additional 3,820 shares during the period. Finally, SageView Advisory Group LLC acquired a new stake in TreeHouse Foods during the first quarter valued at approximately $295,000. 99.81% of the stock is currently owned by institutional investors and hedge funds.

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.