Barclays Lowers TreeHouse Foods (NYSE:THS) Price Target to $32.00

TreeHouse Foods (NYSE:THS) had its price target reduced by Barclays from $39.00 to $32.00 in a research note published on Wednesday,Benzinga reports. They currently have an equal weight rating on the stock.

THS has been the subject of a number of other research reports. Mizuho boosted their target price on shares of TreeHouse Foods from $37.00 to $40.00 and gave the stock a “neutral” rating in a research note on Monday, August 26th. Stifel Nicolaus raised their target price on TreeHouse Foods from $36.00 to $41.00 and gave the company a “hold” rating in a research report on Tuesday, August 6th. Finally, StockNews.com upgraded TreeHouse Foods from a “sell” rating to a “hold” rating in a research report on Tuesday, August 6th. Seven analysts have rated the stock with a hold rating, Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $34.20.

TreeHouse Foods Stock Performance

Shares of TreeHouse Foods stock opened at $32.41 on Wednesday. TreeHouse Foods has a twelve month low of $28.04 and a twelve month high of $43.84. The company has a debt-to-equity ratio of 0.90, a quick ratio of 0.52 and a current ratio of 1.40. The business has a 50-day moving average price of $39.50 and a 200 day moving average price of $38.22.

TreeHouse Foods (NYSE:THS) last announced its earnings results on Tuesday, November 12th. The company reported $0.74 earnings per share 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 analyst estimates of $881.15 million. During the same period in the previous year, the company earned $0.57 earnings per share. The company’s quarterly revenue was down 1.0% compared to the same quarter last year. On average, analysts predict that TreeHouse Foods will post 2.15 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, EVP Kristy N. Waterman sold 3,000 shares of the 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 transaction, the executive vice president now directly owns 20,784 shares in the company, valued at approximately $879,994.56. This represents a 12.61 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. 0.90% of the stock is owned by insiders.

Hedge Funds Weigh In On TreeHouse Foods

Several large investors have recently modified their holdings of the business. Texas Permanent School Fund Corp lifted its position in TreeHouse Foods by 1.3% in the first 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 last quarter. SG Americas Securities LLC lifted its holdings in shares of TreeHouse Foods by 33.6% in the 1st quarter. SG Americas Securities LLC now owns 3,875 shares of the company’s stock worth $151,000 after acquiring an additional 975 shares during the last quarter. ProShare Advisors LLC boosted its position 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 raised its position in TreeHouse Foods by 26.0% in the first quarter. State Board of Administration of Florida Retirement System now owns 18,527 shares of the company’s stock valued at $722,000 after purchasing an additional 3,820 shares during the period. Finally, SageView Advisory Group LLC purchased a new stake in TreeHouse Foods in the first quarter valued at approximately $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.