Stifel Nicolaus Cuts TreeHouse Foods (NYSE:THS) Price Target to $32.00

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

Other research analysts also recently issued research reports about the company. StockNews.com upgraded TreeHouse Foods from a “sell” rating to a “hold” rating in a report on Tuesday, August 6th. Barclays decreased their price target on TreeHouse Foods from $39.00 to $32.00 and set an “equal weight” rating on the stock in a research note on Wednesday. Finally, Mizuho increased their price objective on TreeHouse Foods from $37.00 to $40.00 and gave the company a “neutral” rating in a research note on Monday, August 26th. Seven research analysts have rated the stock with a hold rating, According to MarketBeat, the stock has an average rating of “Hold” and an average price target of $34.20.

TreeHouse Foods Stock Down 2.6 %

Shares of THS opened at $32.40 on Wednesday. TreeHouse Foods has a 1 year low of $28.04 and a 1 year 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. The stock has a 50 day simple moving average of $39.50 and a two-hundred day simple moving average of $38.21. The firm has a market cap of $1.66 billion, a P/E ratio of -68.93 and a beta of 0.23.

TreeHouse Foods (NYSE:THS) last announced its quarterly earnings data on Tuesday, November 12th. The company reported $0.74 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.75 by ($0.01). The business had revenue of $854.40 million during the quarter, compared to analysts’ expectations of $881.15 million. TreeHouse Foods had a negative net margin of 0.72% and a positive return on equity of 5.94%. TreeHouse Foods’s revenue for the quarter was down 1.0% on a year-over-year basis. During the same period last year, the company posted $0.57 EPS. On average, analysts forecast that TreeHouse Foods will post 2.34 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, EVP Kristy N. Waterman sold 3,000 shares of the business’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 transaction of $127,020.00. Following the transaction, the executive vice president now directly 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 Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.90% of the company’s stock.

Institutional Trading of TreeHouse Foods

Large investors have recently added to or reduced their stakes in the stock. Signaturefd LLC lifted its position in shares of TreeHouse Foods by 42.1% in the 3rd quarter. Signaturefd LLC now owns 999 shares of the company’s stock worth $42,000 after purchasing an additional 296 shares during the period. Pullen Investment Management LLC raised its stake in TreeHouse Foods by 2.0% in the second quarter. Pullen Investment Management LLC now owns 21,186 shares of the company’s stock worth $776,000 after buying an additional 408 shares in the last quarter. BNP Paribas Financial Markets lifted its holdings in TreeHouse Foods by 4.7% in the third quarter. BNP Paribas Financial Markets now owns 10,657 shares of the company’s stock worth $447,000 after buying an additional 481 shares during the period. Verdence Capital Advisors LLC boosted its position in TreeHouse Foods by 5.8% during the 3rd quarter. Verdence Capital Advisors LLC now owns 9,074 shares of the company’s stock valued at $381,000 after acquiring an additional 499 shares in the last quarter. Finally, KBC Group NV grew its holdings in shares of TreeHouse Foods by 40.9% during the 3rd quarter. KBC Group NV now owns 1,943 shares of the company’s stock worth $82,000 after acquiring an additional 564 shares during the period. Institutional investors 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.