TreeHouse Foods (NYSE:THS) Given New $32.00 Price Target at Stifel Nicolaus

TreeHouse Foods (NYSE:THS) had its price target decreased by Stifel Nicolaus from $41.00 to $32.00 in a research report released on Wednesday,Benzinga reports. Stifel Nicolaus currently has a hold rating on the stock.

Other research analysts also recently issued reports about the company. StockNews.com upgraded TreeHouse Foods from a “sell” rating to a “hold” rating in a report on Tuesday, August 6th. Mizuho raised 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. Finally, Barclays reduced their target price on TreeHouse Foods from $39.00 to $32.00 and set an “equal weight” rating on the stock in a research report on Wednesday. Six equities research analysts have rated the stock with a hold rating, According to MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $34.20.

TreeHouse Foods Price Performance

Shares of THS stock opened at $31.59 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 stock has a fifty day simple moving average of $39.87 and a two-hundred day simple moving average of $38.28. The stock has a market capitalization of $1.66 billion, a price-to-earnings ratio of -67.20 and a beta of 0.23.

TreeHouse Foods (NYSE:THS) last issued its 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). TreeHouse Foods had a positive return on equity of 5.94% and a negative net margin of 0.72%. The business had revenue of $854.40 million for the quarter, compared to the consensus estimate of $881.15 million. During the same quarter in the previous year, the company earned $0.57 earnings per share. The firm’s revenue was down 1.0% on a year-over-year basis. On average, analysts predict that TreeHouse Foods will post 2.34 EPS for the current fiscal 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 sale, the executive vice president now owns 20,784 shares of the company’s stock, valued at $879,994.56. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.90% of the stock is currently owned by corporate insiders.

Institutional Trading of TreeHouse Foods

Hedge funds have recently added to or reduced their stakes in the company. Canada Pension Plan Investment Board acquired a new stake in shares of TreeHouse Foods in the second quarter valued at about $37,000. Signaturefd LLC raised its holdings in shares of TreeHouse Foods by 42.1% during the third quarter. Signaturefd LLC now owns 999 shares of the company’s stock valued at $42,000 after acquiring an additional 296 shares during the last quarter. Innealta Capital LLC purchased a new position in shares of TreeHouse Foods in the second quarter valued at approximately $44,000. GAMMA Investing LLC boosted its stake in shares of TreeHouse Foods by 304.7% in the second quarter. GAMMA Investing LLC now owns 1,291 shares of the company’s stock worth $47,000 after acquiring an additional 972 shares during the last quarter. Finally, Rothschild Investment LLC purchased a new stake in shares of TreeHouse Foods during the second quarter worth approximately $67,000. 99.81% of the stock is 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.