TreeHouse Foods (NYSE:THS) Price Target Lowered to $21.00 at Barclays

TreeHouse Foods (NYSE:THS - Get Free Report) had its price objective decreased by analysts at Barclays from $25.00 to $21.00 in a research note issued to investors on Tuesday,Benzinga reports. The brokerage currently has an "equal weight" rating on the stock. Barclays's target price suggests a potential upside of 5.32% from the stock's previous close.

Several other research firms have also recently issued reports on THS. Truist Financial lowered their price objective on TreeHouse Foods from $25.00 to $20.00 and set a "hold" rating on the stock in a research report on Thursday, May 8th. TD Cowen lowered their price objective on TreeHouse Foods from $32.00 to $27.00 and set a "hold" rating on the stock in a research report on Friday, April 11th. Finally, Stifel Nicolaus lowered their price target on TreeHouse Foods from $26.00 to $24.00 and set a "hold" rating on the stock in a report on Thursday, April 24th. Eight equities research analysts have rated the stock with a hold rating, Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and an average target price of $27.17.

TreeHouse Foods Stock Down 1.2%

Shares of THS stock traded down $0.24 during midday trading on Tuesday, reaching $19.94. 138,507 shares of the stock were exchanged, compared to its average volume of 627,318. The company has a current ratio of 1.14, a quick ratio of 0.27 and a debt-to-equity ratio of 0.93. The firm has a market cap of $1.01 billion, a PE ratio of 153.05 and a beta of 0.25. The company's 50 day moving average is $21.45 and its two-hundred day moving average is $26.49. TreeHouse Foods has a 1 year low of $19.11 and a 1 year high of $43.84.

TreeHouse Foods (NYSE:THS - Get Free Report) last posted its quarterly earnings results 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. The company had revenue of $792.00 million for the quarter, compared to the consensus estimate of $789.66 million. TreeHouse Foods had a return on equity of 6.73% and a net margin of 0.20%. The firm's quarterly revenue was down 3.5% compared to the same quarter last year. During the same quarter in the prior year, the business posted ($0.03) EPS. On average, equities research analysts predict that TreeHouse Foods will post 1.94 EPS for the current year.

Insider Activity

In other news, Director Jana Partners Management, Lp acquired 17,678 shares of the business's stock in a transaction dated Monday, May 12th. The stock was purchased at an average price of $23.09 per share, for a total transaction of $408,185.02. Following the completion of the transaction, the director directly owned 5,482,337 shares in the company, valued at approximately $126,587,161.33. This trade represents a 0.32% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Steven Oakland purchased 4,660 shares of the company's stock in a transaction that occurred on Thursday, May 8th. The stock was bought at an average price of $21.46 per share, with a total value of $100,003.60. Following the transaction, the chief executive officer owned 369,521 shares of the company's stock, valued at $7,929,920.66. This represents a 1.28% increase in their position. The disclosure for this purchase can be found here. Insiders have purchased 147,123 shares of company stock valued at $3,234,741 in the last quarter. 11.10% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Sterling Capital Management LLC grew its position in TreeHouse Foods by 134.4% in the fourth quarter. Sterling Capital Management LLC now owns 2,374 shares of the company's stock worth $83,000 after acquiring an additional 1,361 shares in the last quarter. GAMMA Investing LLC grew its position in TreeHouse Foods by 719.7% in the second quarter. GAMMA Investing LLC now owns 2,918 shares of the company's stock worth $57,000 after acquiring an additional 2,562 shares in the last quarter. State of Wyoming purchased a new position in TreeHouse Foods in the first quarter worth about $93,000. CIBC Private Wealth Group LLC lifted its stake in TreeHouse Foods by 58.2% in the fourth quarter. CIBC Private Wealth Group LLC now owns 4,101 shares of the company's stock worth $142,000 after purchasing an additional 1,508 shares during the last quarter. Finally, Vident Advisory LLC bought a new stake in TreeHouse Foods in the fourth quarter worth about $223,000. 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.