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 report issued on Wednesday,Benzinga reports. The firm presently has an “equal weight” rating on the stock. Barclays‘s price objective would indicate a potential downside of 3.85% from the stock’s previous close.

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

TreeHouse Foods Stock Up 5.3 %

TreeHouse Foods stock opened at $33.28 on Wednesday. TreeHouse Foods has a one year low of $28.04 and a one year 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 50-day moving average of $39.69 and a two-hundred day moving average of $38.24.

TreeHouse Foods (NYSE:THS) last released its earnings results on Tuesday, November 12th. The company reported $0.74 EPS for the quarter, missing analysts’ consensus estimates 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 company had revenue of $854.40 million during the quarter, compared to analyst estimates of $881.15 million. During the same quarter last year, the business earned $0.57 earnings per share. The firm’s revenue for the quarter was down 1.0% on a year-over-year basis. Equities research analysts forecast that TreeHouse Foods will post 2.34 earnings per share 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 business’s stock in a transaction 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 transaction, the executive vice president now owns 20,784 shares of the company’s stock, valued at approximately $879,994.56. The trade was a 12.61 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 0.90% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the company. Capital Research Global Investors raised its stake in TreeHouse Foods by 52.6% during the first quarter. Capital Research Global Investors now owns 950,372 shares of the company’s stock worth $37,017,000 after purchasing an additional 327,448 shares during the period. Legato Capital Management LLC lifted its holdings in TreeHouse Foods by 38.1% in the second quarter. Legato Capital Management LLC now owns 24,154 shares of the company’s stock valued at $885,000 after acquiring an additional 6,666 shares during the last quarter. TD Asset Management Inc grew its position in TreeHouse Foods by 7.3% in the second quarter. TD Asset Management Inc now owns 478,944 shares of the company’s stock worth $17,549,000 after acquiring an additional 32,600 shares during the period. Harbor Capital Advisors Inc. increased its stake in TreeHouse Foods by 68.2% during the third quarter. Harbor Capital Advisors Inc. now owns 304,969 shares of the company’s stock worth $12,803,000 after acquiring an additional 123,669 shares during the last quarter. Finally, Shapiro Capital Management LLC raised its position in TreeHouse Foods by 22.0% in the second quarter. Shapiro Capital Management LLC now owns 1,587,415 shares of the company’s stock valued at $58,163,000 after purchasing an additional 286,770 shares during the period. Institutional investors and hedge funds own 99.81% of the company’s stock.

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.