Stifel Nicolaus Has Lowered Expectations for TreeHouse Foods (NYSE:THS) Stock Price

TreeHouse Foods (NYSE:THS) had its target price cut by research analysts at Stifel Nicolaus from $41.00 to $32.00 in a research note issued to investors on Wednesday,Benzinga reports. The firm currently has a “hold” rating on the stock. Stifel Nicolaus’ price objective indicates a potential downside of 3.85% from the stock’s previous close.

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

TreeHouse Foods Stock Up 5.3 %

Shares of THS opened at $33.28 on Wednesday. TreeHouse Foods has a twelve month low of $28.04 and a twelve month 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 stock’s fifty day simple moving average is $39.69 and its 200 day simple moving average is $38.24.

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

Insider Transactions at TreeHouse Foods

In other news, EVP Kristy N. Waterman sold 3,000 shares of the business’s stock in a transaction on Monday, August 26th. The shares were sold at an average price of $42.34, for a total transaction of $127,020.00. Following the completion of the transaction, the executive vice president now 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 sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Insiders own 0.90% of the company’s stock.

Institutional Investors Weigh In On TreeHouse Foods

A number of hedge funds have recently made changes to their positions in THS. Canada Pension Plan Investment Board bought a new position in TreeHouse Foods in the 2nd quarter worth approximately $37,000. Signaturefd LLC increased its stake in TreeHouse Foods by 42.1% during the 3rd quarter. Signaturefd LLC now owns 999 shares of the company’s stock valued at $42,000 after buying an additional 296 shares during the period. Innealta Capital LLC bought a new stake in shares of TreeHouse Foods during the 2nd quarter worth about $44,000. GAMMA Investing LLC lifted its stake in shares of TreeHouse Foods by 304.7% in the 2nd quarter. GAMMA Investing LLC now owns 1,291 shares of the company’s stock worth $47,000 after acquiring an additional 972 shares during the period. Finally, Rothschild Investment LLC bought a new position in shares of TreeHouse Foods in the second quarter valued at approximately $67,000. 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.