TreeHouse Foods (NYSE:THS) Stock Rating Lowered by StockNews.com

StockNews.com downgraded shares of TreeHouse Foods (NYSE:THS) from a hold rating to a sell rating in a report published on Thursday.

THS has been the topic of a number of other reports. Stifel Nicolaus lowered their target price on TreeHouse Foods from $41.00 to $32.00 and set a “hold” rating on the stock in a report on Wednesday, November 13th. Barclays cut their target price on shares of TreeHouse Foods from $39.00 to $32.00 and set an “equal weight” rating for the company in a research note on Wednesday, November 13th. Consumer Edge downgraded TreeHouse Foods from an “overweight” rating to an “equal weight” rating in a research report on Friday, November 15th. Mizuho raised their price objective on TreeHouse Foods from $37.00 to $40.00 and gave the stock a “neutral” rating in a research note on Monday, August 26th. Finally, Truist Financial cut their target price on TreeHouse Foods from $35.00 to $30.00 and set a “hold” rating on the stock in a research report on Wednesday, November 13th. One research analyst has rated the stock with a sell rating and six have assigned a hold rating to the company. Based on data from MarketBeat.com, TreeHouse Foods presently has an average rating of “Hold” and an average target price of $34.20.

TreeHouse Foods Trading Up 1.5 %

TreeHouse Foods stock opened at $34.53 on Thursday. TreeHouse Foods has a 12-month low of $28.04 and a 12-month high of $43.84. The company has a debt-to-equity ratio of 0.90, a current ratio of 1.40 and a quick ratio of 0.53. The stock has a market capitalization of $1.77 billion, a PE ratio of -73.47 and a beta of 0.23. The firm has a 50 day simple moving average of $36.54 and a 200-day simple moving average of $38.04.

TreeHouse Foods (NYSE:THS) last released its earnings results 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 positive return on equity of 5.94% and a negative net margin of 0.72%. The firm had revenue of $854.40 million during the quarter, compared to analyst estimates of $881.15 million. During the same quarter last year, the company earned $0.57 earnings per share. The business’s revenue for the quarter was down 1.0% on a year-over-year basis. As a group, equities research analysts expect that TreeHouse Foods will post 1.96 EPS for the current fiscal year.

Institutional Trading of TreeHouse Foods

Several large investors have recently added to or reduced their stakes in the company. Signaturefd LLC grew its holdings in shares of TreeHouse Foods by 42.1% during the third quarter. Signaturefd LLC now owns 999 shares of the company’s stock valued at $42,000 after buying an additional 296 shares in the last quarter. Pullen Investment Management LLC grew its stake in TreeHouse Foods by 2.0% during the 2nd quarter. Pullen Investment Management LLC now owns 21,186 shares of the company’s stock valued at $776,000 after acquiring an additional 408 shares in the last quarter. BNP Paribas Financial Markets increased its holdings in shares of TreeHouse Foods by 4.7% in the 3rd quarter. BNP Paribas Financial Markets now owns 10,657 shares of the company’s stock valued at $447,000 after purchasing an additional 481 shares during the period. Verdence Capital Advisors LLC increased its holdings in shares of TreeHouse Foods by 5.8% in the 3rd quarter. Verdence Capital Advisors LLC now owns 9,074 shares of the company’s stock valued at $381,000 after purchasing an additional 499 shares during the period. Finally, KBC Group NV lifted its position in shares of TreeHouse Foods by 40.9% in the third quarter. KBC Group NV now owns 1,943 shares of the company’s stock worth $82,000 after purchasing an additional 564 shares in the last quarter. 99.81% of the stock is owned by institutional investors and hedge funds.

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.