TreeHouse Foods (NYSE:THS) Upgraded by StockNews.com to “Hold” Rating

TreeHouse Foods (NYSE:THS) was upgraded by equities research analysts at StockNews.com from a “sell” rating to a “hold” rating in a report released on Monday.

A number of other equities research analysts also recently commented on the company. Barclays dropped their price objective on TreeHouse Foods from $39.00 to $32.00 and set an “equal weight” rating for the company in a report on Wednesday, November 13th. Stifel Nicolaus decreased their price objective on shares of TreeHouse Foods from $41.00 to $32.00 and set a “hold” rating for the company in a report on Wednesday, November 13th. Truist Financial reduced their price target on shares of TreeHouse Foods from $35.00 to $30.00 and set a “hold” rating on the stock in a research report on Wednesday, November 13th. Finally, Consumer Edge downgraded TreeHouse Foods from an “overweight” rating to an “equal weight” rating in a research note on Friday, November 15th. Seven equities research analysts have rated the stock with a hold rating, Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $34.20.

TreeHouse Foods Trading Down 2.9 %

TreeHouse Foods stock traded down $1.03 during mid-day trading on Monday, hitting $34.19. The stock had a trading volume of 601,367 shares, compared to its average volume of 451,822. The stock has a 50-day simple moving average of $34.76 and a two-hundred day simple moving average of $37.89. The company has a current ratio of 1.40, a quick ratio of 0.53 and a debt-to-equity ratio of 0.90. The stock has a market capitalization of $1.75 billion, a PE ratio of -72.74 and a beta of 0.22. TreeHouse Foods has a 12 month low of $28.04 and a 12 month high of $43.84.

TreeHouse Foods (NYSE:THS) last issued its earnings results on Tuesday, November 12th. The company reported $0.74 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.75 by ($0.01). The business had revenue of $854.40 million during the quarter, compared to the consensus estimate of $881.15 million. TreeHouse Foods had a negative net margin of 0.72% and a positive return on equity of 5.94%. The firm’s revenue for the quarter was down 1.0% compared to the same quarter last year. During the same period last year, the business posted $0.57 EPS. As a group, sell-side analysts forecast that TreeHouse Foods will post 1.96 EPS for the current year.

Institutional Investors Weigh In On TreeHouse Foods

Several large investors have recently made changes to their positions in the stock. Canada Pension Plan Investment Board acquired a new position in TreeHouse Foods in the 2nd quarter worth $37,000. Signaturefd LLC boosted its position in shares of TreeHouse Foods by 42.1% during the third quarter. Signaturefd LLC now owns 999 shares of the company’s stock worth $42,000 after buying an additional 296 shares during the period. KBC Group NV boosted its position in shares of TreeHouse Foods by 40.9% during the third quarter. KBC Group NV now owns 1,943 shares of the company’s stock worth $82,000 after buying an additional 564 shares during the period. GAMMA Investing LLC grew its holdings in shares of TreeHouse Foods by 95.1% during the third quarter. GAMMA Investing LLC now owns 2,519 shares of the company’s stock worth $106,000 after buying an additional 1,228 shares in the last quarter. Finally, Quest Partners LLC raised its position in TreeHouse Foods by 173.1% in the 2nd quarter. Quest Partners LLC now owns 3,387 shares of the company’s stock valued at $124,000 after buying an additional 2,147 shares during the last quarter. 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.