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

TreeHouse Foods (NYSE:THS) had its price objective decreased by investment analysts at Barclays from $26.00 to $25.00 in a note issued to investors on Thursday,Benzinga reports. The brokerage presently has an “equal weight” rating on the stock. Barclays‘s price objective would indicate a potential upside of 10.57% from the stock’s previous close.

Several other analysts have also issued reports on the stock. TD Cowen reduced 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. Stifel Nicolaus reduced their price target on shares of TreeHouse Foods from $26.00 to $24.00 and set a “hold” rating on the stock in a research note on Thursday, April 24th. Jefferies Financial Group lowered their price objective on shares of TreeHouse Foods from $37.00 to $31.00 and set a “hold” rating for the company in a research report on Tuesday, February 18th. Truist Financial cut their target price on TreeHouse Foods from $25.00 to $20.00 and set a “hold” rating on the stock in a research report on Thursday. Finally, StockNews.com upgraded TreeHouse Foods from a “sell” rating to a “hold” rating in a research report on Tuesday, February 18th. Eight analysts have rated the stock with a hold rating, Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $27.83.

TreeHouse Foods Stock Performance

NYSE:THS opened at $22.61 on Thursday. The company’s 50-day moving average is $25.02 and its two-hundred day moving average is $31.08. The firm has a market capitalization of $1.14 billion, a price-to-earnings ratio of 41.87 and a beta of 0.30. The company has a debt-to-equity ratio of 0.90, a current ratio of 1.36 and a quick ratio of 0.63. TreeHouse Foods has a 1-year low of $20.63 and a 1-year high of $43.84.

TreeHouse Foods (NYSE:THS) last issued its quarterly earnings data on Tuesday, May 6th. The company reported $0.03 earnings per share for the quarter, topping the consensus estimate of ($0.21) by $0.24. TreeHouse Foods had a return on equity of 6.42% and a net margin of 0.80%. The company had revenue of $792.00 million during the quarter, compared to analyst estimates of $789.66 million. During the same period in the prior year, the business posted ($0.03) earnings per share. The firm’s revenue for the quarter was down 3.5% compared to the same quarter last year. Analysts forecast that TreeHouse Foods will post 1.94 EPS for the current year.

Insider Activity at TreeHouse Foods

In related news, CEO Steven Oakland purchased 4,660 shares of the business’s stock in a transaction on Thursday, May 8th. The shares were bought at an average price of $21.46 per share, for a total transaction of $100,003.60. Following the acquisition, the chief executive officer now directly owns 369,521 shares in the company, valued at $7,929,920.66. This trade represents a 1.28 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 11.10% of the stock is currently owned by company insiders.

Institutional Trading of TreeHouse Foods

Large investors have recently made changes to their positions in the company. FMR LLC grew its holdings in TreeHouse Foods by 90.5% during the 4th quarter. FMR LLC now owns 5,219,543 shares of the company’s stock worth $183,363,000 after acquiring an additional 2,479,495 shares in the last quarter. Sessa Capital IM L.P. lifted its position in shares of TreeHouse Foods by 121.9% during the 4th quarter. Sessa Capital IM L.P. now owns 3,242,483 shares of the company’s stock worth $113,908,000 after purchasing an additional 1,781,179 shares during the last quarter. Raymond James Financial Inc. acquired a new position in shares of TreeHouse Foods during the fourth quarter worth $10,362,000. JPMorgan Chase & Co. increased its holdings in TreeHouse Foods by 187.6% in the third quarter. JPMorgan Chase & Co. now owns 316,428 shares of the company’s stock valued at $13,284,000 after buying an additional 206,411 shares during the last quarter. Finally, Kestrel Investment Management Corp acquired a new stake in TreeHouse Foods in the fourth quarter valued at $6,058,000. 99.81% of the stock is currently owned by hedge funds and other institutional investors.

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.