Stifel Nicolaus Lowers TreeHouse Foods (NYSE:THS) Price Target to $23.00

Key Points

• Stifel Nicolaus has lowered the price target for TreeHouse Foods from $24.00 to $23.00, maintaining a "hold" rating on the stock, which suggests an upside potential of 8.29% based on current prices.
• Other brokerages, including Mizuho and Barclays, have also reduced their price targets for TreeHouse Foods, now reflecting targets as low as $21.00.
• TreeHouse Foods' CEO recently purchased 4,660 shares at an average price of $21.46, indicating insider confidence despite recent target reductions.

TreeHouse Foods (NYSE:THS - Get Free Report) had its price objective reduced by equities research analysts at Stifel Nicolaus from $24.00 to $23.00 in a report released on Tuesday,Benzinga reports. The firm presently has a "hold" rating on the stock. Stifel Nicolaus' target price would suggest a potential upside of 17.83% from the company's previous close.

A number of other research analysts have also recently commented on THS. Barclays decreased their price target on TreeHouse Foods from $25.00 to $21.00 and set an "equal weight" rating on the stock in a research note on Tuesday, July 15th. Truist Financial decreased their price target on TreeHouse Foods from $25.00 to $20.00 and set a "hold" rating on the stock in a research note on Thursday, May 8th. Mizuho decreased their price target on TreeHouse Foods from $24.00 to $22.00 and set a "neutral" rating on the stock in a research note on Monday. Finally, TD Cowen decreased their price target on TreeHouse Foods from $32.00 to $27.00 and set a "hold" rating on the stock in a research note on Friday, April 11th. Eight analysts have rated the stock with a hold rating, Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and an average target price of $24.00.

TreeHouse Foods Trading Up 1.6%

THS stock traded up $0.30 during midday trading on Tuesday, hitting $19.52. 976,615 shares of the company's stock were exchanged, compared to its average volume of 688,788. The business has a 50-day simple moving average of $20.99 and a two-hundred day simple moving average of $25.54. 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 stock has a market capitalization of $985.76 million, a PE ratio of 150.17 and a beta of 0.25. TreeHouse Foods has a 1-year low of $18.50 and a 1-year high of $43.84.

TreeHouse Foods (NYSE:THS - Get Free Report) last posted its earnings results on Thursday, July 31st. The company reported $0.17 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.10 by $0.07. The company had revenue of $801.40 million during the quarter, compared to analysts' expectations of $788.84 million. TreeHouse Foods had a return on equity of 6.73% and a net margin of 0.20%. The firm's quarterly revenue was up 1.2% compared to the same quarter last year. During the same quarter last year, the firm earned $0.29 earnings per share. On average, sell-side analysts predict that TreeHouse Foods will post 1.94 EPS for the current fiscal year.

Insider Buying and Selling at TreeHouse Foods

In other news, Director Jana Partners Management, Lp acquired 124,785 shares of TreeHouse Foods stock in a transaction dated Thursday, May 8th. The shares were acquired at an average cost of $21.85 per share, for a total transaction of $2,726,552.25. Following the acquisition, the director owned 5,040,533 shares of the company's stock, valued at $110,135,646.05. This trade represents a 2.54% 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. Also, CEO Steven Oakland acquired 4,660 shares of TreeHouse Foods stock in a transaction dated Thursday, May 8th. The stock was purchased 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 represents a 1.28% increase in their position. The disclosure for this purchase can be found here. In the last 90 days, insiders acquired 147,123 shares of company stock valued at $3,234,741. Insiders own 11.10% of the company's stock.

Institutional Investors Weigh In On TreeHouse Foods

A number of hedge funds and other institutional investors have recently modified their holdings of THS. GAMMA Investing LLC raised its position in shares of TreeHouse Foods by 1,328.7% during the 1st quarter. GAMMA Investing LLC now owns 9,644 shares of the company's stock worth $261,000 after acquiring an additional 8,969 shares in the last quarter. Northern Trust Corp raised its position in shares of TreeHouse Foods by 5.9% during the 4th quarter. Northern Trust Corp now owns 502,601 shares of the company's stock worth $17,656,000 after acquiring an additional 28,029 shares in the last quarter. Principal Financial Group Inc. raised its position in shares of TreeHouse Foods by 0.7% during the 1st quarter. Principal Financial Group Inc. now owns 225,073 shares of the company's stock worth $6,097,000 after acquiring an additional 1,551 shares in the last quarter. Alliancebernstein L.P. raised its position in shares of TreeHouse Foods by 218.3% during the 4th quarter. Alliancebernstein L.P. now owns 166,767 shares of the company's stock worth $5,859,000 after acquiring an additional 114,380 shares in the last quarter. Finally, KLP Kapitalforvaltning AS acquired a new stake in shares of TreeHouse Foods during the 4th quarter worth about $337,000. 99.81% of the stock is currently owned by institutional investors and hedge funds.

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.