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

TreeHouse Foods (NYSE:THS) had its price target reduced by Stifel Nicolaus from $41.00 to $32.00 in a research note released on Wednesday,Benzinga reports. Stifel Nicolaus currently has a hold rating on the stock.

THS has been the topic of a number of other research reports. Mizuho upped their price target on shares of TreeHouse Foods from $37.00 to $40.00 and gave the stock a “neutral” rating in a research note on Monday, August 26th. Barclays dropped their target price on shares of TreeHouse Foods from $39.00 to $32.00 and set an “equal weight” rating on the stock in a research note on Wednesday. Finally, StockNews.com raised shares of TreeHouse Foods from a “sell” rating to a “hold” rating in a research report on Tuesday, August 6th. Seven analysts have rated the stock with a hold rating, Based on data from MarketBeat, TreeHouse Foods presently has an average rating of “Hold” and a consensus price target of $34.20.

TreeHouse Foods Price Performance

Shares of NYSE THS opened at $32.40 on Wednesday. The company has a 50 day simple moving average of $39.50 and a two-hundred day simple moving average of $38.21. TreeHouse Foods has a fifty-two week low of $28.04 and a fifty-two week high of $43.84. The company has a market capitalization of $1.66 billion, a price-to-earnings ratio of -68.93 and a beta of 0.23. The company has a debt-to-equity ratio of 0.90, a quick ratio of 0.52 and a current ratio of 1.40.

TreeHouse Foods (NYSE:THS) last posted its quarterly earnings data on Tuesday, November 12th. The company reported $0.74 earnings per share 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 company had revenue of $854.40 million for the quarter, compared to the consensus estimate of $881.15 million. During the same period last year, the business earned $0.57 EPS. The firm’s quarterly revenue was down 1.0% on a year-over-year basis. Analysts expect that TreeHouse Foods will post 2.34 EPS for the current fiscal year.

Insider Activity

In related news, EVP Kristy N. Waterman sold 3,000 shares of TreeHouse Foods stock in a transaction on Monday, August 26th. The stock was sold at an average price of $42.34, for a total value of $127,020.00. Following the completion of the sale, the executive vice president now owns 20,784 shares of the company’s stock, valued at $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 is available at this link. Insiders own 0.90% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the company. Texas Permanent School Fund Corp increased its position in shares of TreeHouse Foods by 1.3% during the 1st quarter. Texas Permanent School Fund Corp now owns 44,042 shares of the company’s stock valued at $1,715,000 after purchasing an additional 570 shares during the last quarter. SG Americas Securities LLC grew its position in TreeHouse Foods by 33.6% during the first quarter. SG Americas Securities LLC now owns 3,875 shares of the company’s stock valued at $151,000 after buying an additional 975 shares during the period. ProShare Advisors LLC increased its holdings in TreeHouse Foods by 6.0% during the first quarter. ProShare Advisors LLC now owns 10,227 shares of the company’s stock valued at $398,000 after buying an additional 579 shares during the last quarter. State Board of Administration of Florida Retirement System raised its position in TreeHouse Foods by 26.0% in the first quarter. State Board of Administration of Florida Retirement System now owns 18,527 shares of the company’s stock worth $722,000 after acquiring an additional 3,820 shares during the period. Finally, SageView Advisory Group LLC bought a new position in TreeHouse Foods in the first quarter worth approximately $295,000. 99.81% of the stock is owned by hedge funds and other institutional investors.

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.