Truist Financial Lowers TreeHouse Foods (NYSE:THS) Price Target to $20.00

TreeHouse Foods (NYSE:THS) had its price target reduced by research analysts at Truist Financial from $25.00 to $20.00 in a research report issued on Thursday,Benzinga reports. The firm presently has a “hold” rating on the stock. Truist Financial’s target price indicates a potential downside of 11.54% from the stock’s previous close.

THS has been the subject of several other research reports. Stifel Nicolaus cut their price objective on TreeHouse Foods from $26.00 to $24.00 and set a “hold” rating for the company in a report on Thursday, April 24th. Barclays upped their price target on shares of TreeHouse Foods from $35.00 to $36.00 and gave the company an “equal weight” rating in a research report on Tuesday, February 18th. TD Cowen dropped their price objective on shares of TreeHouse Foods from $32.00 to $27.00 and set a “hold” rating on the stock in a report on Friday, April 11th. StockNews.com raised shares of TreeHouse Foods from a “sell” rating to a “hold” rating in a report on Tuesday, February 18th. Finally, Jefferies Financial Group dropped their price target on shares of TreeHouse Foods from $37.00 to $31.00 and set a “hold” rating on the stock in a research note on Tuesday, February 18th. Eight analysts have rated the stock with a hold rating, According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $27.83.

TreeHouse Foods Stock Performance

Shares of THS opened at $22.61 on Thursday. TreeHouse Foods has a 12 month low of $20.63 and a 12 month high of $43.84. The business’s fifty day simple moving average is $25.02 and its two-hundred day simple moving average is $31.08. The company has a current ratio of 1.36, a quick ratio of 0.63 and a debt-to-equity ratio of 0.90. The company has a market cap of $1.14 billion, a price-to-earnings ratio of 41.87 and a beta of 0.30.

TreeHouse Foods (NYSE:THS) last released its quarterly earnings data on Tuesday, May 6th. The company reported $0.03 earnings per share for the quarter, beating the consensus estimate of ($0.21) by $0.24. TreeHouse Foods had a net margin of 0.80% and a return on equity of 6.42%. The firm had revenue of $792.00 million during the quarter, compared to analysts’ expectations of $789.66 million. During the same period in the previous year, the company earned ($0.03) earnings per share. The firm’s quarterly revenue was down 3.5% on a year-over-year basis. Research analysts anticipate that TreeHouse Foods will post 1.94 earnings per share for the current fiscal year.

Insider Activity

In other TreeHouse Foods news, CEO Steven Oakland purchased 4,660 shares of the business’s stock in a transaction on Thursday, May 8th. The stock was acquired at an average price of $21.46 per share, for a total transaction of $100,003.60. Following the purchase, the chief executive officer now owns 369,521 shares of the company’s stock, valued at approximately $7,929,920.66. This represents a 1.28 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Insiders own 11.10% of the company’s stock.

Institutional Trading of TreeHouse Foods

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Raymond James Financial Inc. bought a new stake in shares of TreeHouse Foods during the fourth quarter valued at approximately $10,362,000. Entropy Technologies LP bought a new stake in TreeHouse Foods in the 4th quarter valued at $333,000. JPMorgan Chase & Co. increased its holdings in TreeHouse Foods by 187.6% in the 3rd quarter. JPMorgan Chase & Co. now owns 316,428 shares of the company’s stock valued at $13,284,000 after acquiring an additional 206,411 shares during the last quarter. Roberts Wealth Advisors LLC lifted its stake in TreeHouse Foods by 297.4% in the 4th quarter. Roberts Wealth Advisors LLC now owns 85,256 shares of the company’s stock worth $2,858,000 after purchasing an additional 63,804 shares in the last quarter. Finally, Barclays PLC boosted its holdings in shares of TreeHouse Foods by 7.0% during the 3rd quarter. Barclays PLC now owns 337,657 shares of the company’s stock valued at $14,175,000 after purchasing an additional 21,951 shares during the last quarter. 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.