TreeHouse Foods (NYSE:THS) Cut to Sell at StockNews.com

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

Several other analysts have also commented on the stock. Stifel Nicolaus raised their price target on shares of TreeHouse Foods from $32.00 to $35.00 and gave the company a “hold” rating in a research report on Friday, January 24th. Truist Financial reduced their target price on TreeHouse Foods from $35.00 to $30.00 and set a “hold” rating for the company in a report on Wednesday, November 13th. Consumer Edge downgraded TreeHouse Foods from an “overweight” rating to an “equal weight” rating in a research note on Friday, November 15th. Finally, Barclays upped their target price on shares of TreeHouse Foods from $32.00 to $35.00 and gave the stock an “equal weight” rating in a report on Friday, January 17th. One equities 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 currently has an average rating of “Hold” and a consensus target price of $35.40.

TreeHouse Foods Price Performance

Shares of NYSE THS opened at $32.95 on Monday. The company has a quick ratio of 0.53, a current ratio of 1.40 and a debt-to-equity ratio of 0.90. TreeHouse Foods has a 52 week low of $28.04 and a 52 week high of $43.84. The business’s 50 day moving average price is $34.28 and its 200 day moving average price is $37.28. The firm has a market cap of $1.69 billion, a P/E ratio of -70.10 and a beta of 0.22.

TreeHouse Foods (NYSE:THS) last announced its quarterly earnings results on Tuesday, November 12th. The company reported $0.74 earnings per share for the quarter, missing the consensus estimate 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 analysts’ expectations of $881.15 million. During the same quarter in the prior year, the business posted $0.57 earnings per share. The firm’s revenue was down 1.0% compared to the same quarter last year. On average, sell-side analysts expect that TreeHouse Foods will post 1.96 earnings per share for the current year.

Institutional Trading of TreeHouse Foods

Several institutional investors have recently made changes to their positions in the company. Jane Street Group LLC raised its stake in shares of TreeHouse Foods by 37.7% in the 3rd quarter. Jane Street Group LLC now owns 124,173 shares of the company’s stock valued at $5,213,000 after acquiring an additional 33,978 shares during the period. JPMorgan Chase & Co. boosted its position in shares of TreeHouse Foods by 187.6% during the third quarter. JPMorgan Chase & Co. now owns 316,428 shares of the company’s stock worth $13,284,000 after buying an additional 206,411 shares during the period. Chartwell Investment Partners LLC purchased a new position in shares of TreeHouse Foods during the third quarter worth $8,042,000. Harbor Capital Advisors Inc. grew its stake in shares of TreeHouse Foods by 68.2% in the third quarter. Harbor Capital Advisors Inc. now owns 304,969 shares of the company’s stock valued at $12,803,000 after buying an additional 123,669 shares in the last quarter. Finally, HighTower Advisors LLC raised its holdings in shares of TreeHouse Foods by 90.8% in the 3rd quarter. HighTower Advisors LLC now owns 11,374 shares of the company’s stock valued at $488,000 after buying an additional 5,413 shares during the period. 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.