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

TreeHouse Foods (NYSE:THS) had its price objective trimmed by Barclays from $39.00 to $32.00 in a research note released on Wednesday morning,Benzinga reports. The brokerage currently has an equal weight rating on the stock.

A number of other research firms have also recently commented on THS. Mizuho raised their price target on shares of TreeHouse Foods from $37.00 to $40.00 and gave the stock a “neutral” rating in a report on Monday, August 26th. Stifel Nicolaus boosted 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 raised TreeHouse Foods from a “sell” rating to a “hold” rating in a research note on Tuesday, August 6th. Seven research analysts have rated the stock with a hold rating, According to data from MarketBeat, TreeHouse Foods presently has an average rating of “Hold” and a consensus price target of $34.20.

TreeHouse Foods Stock Down 2.6 %

Shares of NYSE: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 business’s 50-day moving average is $39.50 and its 200-day moving average is $38.21. The company has a market capitalization of $1.66 billion, a price-to-earnings ratio of -68.93 and a beta of 0.23.

TreeHouse Foods (NYSE:THS) last issued its quarterly 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). The business had revenue of $854.40 million during the quarter, compared to analyst estimates 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 quarterly revenue was down 1.0% compared to the same quarter last year. During the same period last year, the firm posted $0.57 earnings per share. Equities research analysts predict that TreeHouse Foods will post 2.34 earnings per share for the current year.

Insider Buying and Selling at TreeHouse Foods

In other TreeHouse Foods news, EVP Kristy N. Waterman sold 3,000 shares of the firm’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 directly owns 20,784 shares in the company, valued at approximately $879,994.56. This trade represents a 12.61 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.90% of the company’s stock.

Institutional Trading of TreeHouse Foods

Institutional investors and hedge funds have recently made changes to their positions in the company. Signaturefd LLC boosted its holdings in TreeHouse Foods by 42.1% during the third quarter. Signaturefd LLC now owns 999 shares of the company’s stock worth $42,000 after purchasing an additional 296 shares during the last quarter. Canada Pension Plan Investment Board bought a new position in shares of TreeHouse Foods during the 2nd quarter worth approximately $37,000. Innealta Capital LLC purchased a new position in shares of TreeHouse Foods in the 2nd quarter worth approximately $44,000. GAMMA Investing LLC grew its holdings 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 valued at $47,000 after acquiring an additional 972 shares in the last quarter. Finally, Rothschild Investment LLC purchased a new stake in shares of TreeHouse Foods during the second quarter valued at approximately $67,000. Hedge funds and other institutional investors 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.