TreeHouse Foods (NYSE:THS) Upgraded to Hold at StockNews.com

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

Several other research firms have also recently weighed in on THS. Stifel Nicolaus decreased their price objective on shares of TreeHouse Foods from $41.00 to $32.00 and set a “hold” rating on the stock in a research report on Wednesday, November 13th. Truist Financial decreased their price target on shares of TreeHouse Foods from $35.00 to $30.00 and set a “hold” rating on the stock in a report on Wednesday, November 13th. Consumer Edge downgraded shares of TreeHouse Foods from an “overweight” rating to an “equal weight” rating in a report on Friday, November 15th. Finally, Barclays increased their target price on TreeHouse Foods from $32.00 to $35.00 and gave the company an “equal weight” rating in a research note on Friday, January 17th. Seven investment analysts have rated the stock with a hold rating, Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $34.80.

TreeHouse Foods Trading Up 1.3 %

THS stock opened at $34.22 on Thursday. The stock has a 50-day simple moving average of $34.30 and a two-hundred day simple moving average of $37.64. TreeHouse Foods has a twelve month low of $28.04 and a twelve month high of $43.84. 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 (NYSE:THS) last posted 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 for the quarter, compared to the consensus estimate of $881.15 million. During the same period last year, the company posted $0.57 EPS. The business’s revenue was down 1.0% on a year-over-year basis. As a group, sell-side analysts predict that TreeHouse Foods will post 1.96 EPS for the current year.

Hedge Funds Weigh In On TreeHouse Foods

A number of large investors have recently added to or reduced their stakes in the business. Signaturefd LLC boosted its position in 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 during the period. Canada Pension Plan Investment Board bought a new position in TreeHouse Foods during the 2nd quarter worth approximately $37,000. Blue Trust Inc. increased its stake in TreeHouse Foods by 456.7% in the 4th quarter. Blue Trust Inc. now owns 1,119 shares of the company’s stock worth $39,000 after purchasing an additional 918 shares during the period. KBC Group NV lifted its position in TreeHouse Foods by 40.9% in the third quarter. KBC Group NV now owns 1,943 shares of the company’s stock valued at $82,000 after purchasing an additional 564 shares during the last quarter. Finally, GAMMA Investing LLC boosted its stake 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 valued at $106,000 after purchasing an additional 1,228 shares during the period. Hedge funds and other institutional investors own 99.81% of the company’s stock.

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.