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

TreeHouse Foods (NYSE:THS) had its price target dropped by stock analysts at Stifel Nicolaus from $41.00 to $32.00 in a research report issued on Wednesday,Benzinga reports. The firm currently has a “hold” rating on the stock. Stifel Nicolaus’ price objective would indicate a potential downside of 3.85% from the company’s current price.

THS has been the subject of several other research reports. Mizuho increased 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. Barclays lowered their target price on shares of TreeHouse Foods from $39.00 to $32.00 and set an “equal weight” rating on the stock in a research report on Wednesday. Finally, StockNews.com upgraded shares of TreeHouse Foods from a “sell” rating to a “hold” rating in a research report on Tuesday, August 6th. Six equities research analysts have rated the stock with a hold rating, According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $34.20.

TreeHouse Foods Stock Up 5.3 %

Shares of THS stock opened at $33.28 on Wednesday. TreeHouse Foods has a twelve month low of $28.04 and a twelve month high of $43.84. The company has a current ratio of 1.40, a quick ratio of 0.52 and a debt-to-equity ratio of 0.90. The business’s 50 day moving average is $39.69 and its two-hundred day moving average is $38.24.

TreeHouse Foods (NYSE:THS) last posted 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). TreeHouse Foods had a negative net margin of 0.72% and a positive return on equity of 5.94%. The firm had revenue of $854.40 million during the quarter, compared to analysts’ expectations of $881.15 million. During the same quarter last year, the business earned $0.57 earnings per share. The business’s quarterly revenue was down 1.0% on a year-over-year basis. Sell-side analysts expect that TreeHouse Foods will post 2.34 earnings per share for the current year.

Insider Buying and Selling at TreeHouse Foods

In other news, EVP Kristy N. Waterman sold 3,000 shares of the firm’s stock in a transaction that occurred 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 transaction, the executive vice president now directly owns 20,784 shares of the company’s stock, valued at $879,994.56. This trade represents a 12.61 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.90% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in THS. Texas Permanent School Fund Corp grew its holdings in shares of TreeHouse Foods by 1.3% during the first quarter. Texas Permanent School Fund Corp now owns 44,042 shares of the company’s stock worth $1,715,000 after buying an additional 570 shares in the last quarter. SG Americas Securities LLC raised its holdings in TreeHouse Foods by 33.6% in the 1st 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 last quarter. ProShare Advisors LLC lifted its stake in shares of TreeHouse Foods by 6.0% during the 1st quarter. ProShare Advisors LLC now owns 10,227 shares of the company’s stock worth $398,000 after purchasing an additional 579 shares during the period. State Board of Administration of Florida Retirement System boosted its holdings in shares of 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 last quarter. Finally, SageView Advisory Group LLC purchased a new stake in shares of TreeHouse Foods in the first quarter valued at $295,000. 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.