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

TreeHouse Foods (NYSE:THS - Get Free Report) had its target price reduced 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 price target points to a potential upside of 9.78% from the stock's current price.

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

TreeHouse Foods Price Performance

Shares of NYSE:THS traded down $1.50 during trading on Tuesday, hitting $19.13. 690,080 shares of the company's stock were exchanged, compared to its average volume of 629,336. The company has a debt-to-equity ratio of 0.93, a current ratio of 1.14 and a quick ratio of 0.27. TreeHouse Foods has a 52-week low of $19.13 and a 52-week high of $43.84. The business's 50-day simple moving average is $21.64 and its 200 day simple moving average is $26.80. The company has a market cap of $966.07 million, a price-to-earnings ratio of 147.17 and a beta of 0.25.

TreeHouse Foods (NYSE:THS - Get Free Report) last released its earnings results on Tuesday, May 6th. The company reported $0.03 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.21) by $0.24. TreeHouse Foods had a return on equity of 6.73% and a net margin of 0.20%. The firm had revenue of $792.00 million during the quarter, compared to analysts' expectations of $789.66 million. During the same quarter last year, the business posted ($0.03) earnings per share. The firm's revenue was down 3.5% on a year-over-year basis. As a group, equities analysts predict that TreeHouse Foods will post 1.94 EPS for the current year.

Insiders Place Their Bets

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

Institutional Trading of TreeHouse Foods

A number of institutional investors and hedge funds have recently added to or reduced their stakes in THS. Sterling Capital Management LLC lifted its holdings in shares of TreeHouse Foods by 134.4% in the 4th quarter. Sterling Capital Management LLC now owns 2,374 shares of the company's stock valued at $83,000 after buying an additional 1,361 shares during the period. GAMMA Investing LLC raised its holdings in TreeHouse Foods by 719.7% in the 2nd quarter. GAMMA Investing LLC now owns 2,918 shares of the company's stock worth $57,000 after purchasing an additional 2,562 shares during the period. State of Wyoming acquired a new position in TreeHouse Foods in the 1st quarter worth about $93,000. CIBC Private Wealth Group LLC raised its holdings in TreeHouse Foods by 58.2% in the 4th 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 period. Finally, Vident Advisory LLC acquired a new stake in shares of TreeHouse Foods in the fourth quarter valued at about $223,000. 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.

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