Truist Financial Issues Pessimistic Forecast for TreeHouse Foods (NYSE:THS) Stock Price

TreeHouse Foods (NYSE:THS) had its price target reduced by Truist Financial from $35.00 to $30.00 in a report issued on Wednesday,Benzinga reports. The firm presently has a “hold” rating on the stock. Truist Financial’s price objective indicates a potential downside of 4.79% from the company’s previous close.

Several other brokerages also recently weighed in on THS. Mizuho increased their price target on TreeHouse Foods from $37.00 to $40.00 and gave the stock a “neutral” rating in a report on Monday, August 26th. StockNews.com upgraded shares of TreeHouse Foods from a “sell” rating to a “hold” rating in a research note on Tuesday, August 6th. Stifel Nicolaus dropped their price target on shares of TreeHouse Foods from $41.00 to $32.00 and set a “hold” rating on the stock in a research note on Wednesday. Finally, Barclays reduced their price objective on shares of TreeHouse Foods from $39.00 to $32.00 and set an “equal weight” rating for the company in a research report on Wednesday. Six analysts have rated the stock with a hold rating, Based on data from MarketBeat, TreeHouse Foods has a consensus rating of “Hold” and a consensus price target of $34.20.

TreeHouse Foods Stock Performance

NYSE:THS traded down $0.36 during trading hours on Wednesday, reaching $31.51. 630,467 shares of the company’s stock were exchanged, compared to its average volume of 505,106. TreeHouse Foods has a 1-year low of $28.04 and a 1-year high of $43.84. The company has a quick ratio of 0.52, a current ratio of 1.40 and a debt-to-equity ratio of 0.90. The firm has a market capitalization of $1.66 billion, a price-to-earnings ratio of -66.79 and a beta of 0.23. The company has a 50-day moving average of $40.06 and a 200 day moving average of $38.33.

TreeHouse Foods (NYSE:THS) last released its quarterly earnings results 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 company had revenue of $854.40 million for the quarter, compared to analysts’ expectations of $881.15 million. TreeHouse Foods had a positive return on equity of 5.94% and a negative net margin of 0.72%. The business’s quarterly revenue was down 1.0% compared to the same quarter last year. During the same period in the prior year, the business earned $0.57 EPS. Research analysts anticipate that TreeHouse Foods will post 2.34 EPS for the current year.

Insider Buying and Selling

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 sale, the executive vice president now owns 20,784 shares of the company’s stock, valued at $879,994.56. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.90% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the company. FMR LLC increased its holdings in TreeHouse Foods by 28.1% during the 3rd quarter. FMR LLC now owns 2,740,048 shares of the company’s stock valued at $115,027,000 after acquiring an additional 600,723 shares in the last quarter. Shapiro Capital Management LLC raised its position in shares of TreeHouse Foods by 22.0% during the 2nd quarter. Shapiro Capital Management LLC now owns 1,587,415 shares of the company’s stock worth $58,163,000 after purchasing an additional 286,770 shares during the last quarter. New South Capital Management Inc. lifted its stake in TreeHouse Foods by 22.4% in the 2nd quarter. New South Capital Management Inc. now owns 1,370,548 shares of the company’s stock valued at $50,217,000 after buying an additional 250,399 shares in the last quarter. Capital Research Global Investors grew its holdings in TreeHouse Foods by 52.6% during the 1st quarter. Capital Research Global Investors now owns 950,372 shares of the company’s stock valued at $37,017,000 after buying an additional 327,448 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. increased its position in TreeHouse Foods by 1.7% during the third quarter. Charles Schwab Investment Management Inc. now owns 868,451 shares of the company’s stock worth $36,458,000 after buying an additional 14,297 shares in the last quarter. 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.