TreeHouse Foods (NYSE:THS) Cut to “Equal Weight” at Consumer Edge

Consumer Edge downgraded shares of TreeHouse Foods (NYSE:THS) from an overweight rating to an equal weight rating in a research report released on Friday morning, Marketbeat Ratings reports.

A number of other equities analysts have also commented on the company. Barclays lowered their price objective on TreeHouse Foods from $39.00 to $32.00 and set an “equal weight” rating on the stock in a research note on Wednesday, November 13th. StockNews.com raised shares of TreeHouse Foods from a “sell” rating to a “hold” rating in a research report on Tuesday, August 6th. Mizuho boosted their target price on shares of TreeHouse Foods from $37.00 to $40.00 and gave the company a “neutral” rating in a research report on Monday, August 26th. Truist Financial cut their price target on shares of TreeHouse Foods from $35.00 to $30.00 and set a “hold” rating for the company in a report on Wednesday, November 13th. Finally, 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 note on Wednesday, November 13th. Seven investment analysts have rated the stock with a hold rating, According to MarketBeat, TreeHouse Foods presently has a consensus rating of “Hold” and a consensus price target of $34.20.

TreeHouse Foods Stock Performance

NYSE:THS opened at $32.41 on Friday. The company has a current ratio of 1.40, a quick ratio of 0.52 and a debt-to-equity ratio of 0.90. The stock has a 50 day simple moving average of $39.50 and a 200 day simple moving average of $38.22. TreeHouse Foods has a 1-year low of $28.04 and a 1-year high of $43.84. The stock has a market cap of $1.66 billion, a P/E ratio of -68.96 and a beta of 0.23.

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 analyst estimates of $881.15 million. During the same period in the prior year, the business posted $0.57 EPS. The firm’s quarterly revenue was down 1.0% compared to the same quarter last year. Research analysts anticipate that TreeHouse Foods will post 2.15 earnings per share for the current year.

Insider Buying and Selling at TreeHouse Foods

In related news, EVP Kristy N. Waterman sold 3,000 shares of the firm’s stock in a transaction that occurred on Monday, August 26th. The shares were sold at an average price of $42.34, for a total value of $127,020.00. Following the completion of the transaction, the executive vice president now owns 20,784 shares in the company, valued at $879,994.56. This trade represents a 12.61 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 0.90% of the company’s stock.

Hedge Funds Weigh In On TreeHouse Foods

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Signaturefd LLC increased its holdings in TreeHouse Foods by 42.1% in the third quarter. Signaturefd LLC now owns 999 shares of the company’s stock valued at $42,000 after purchasing an additional 296 shares during the period. Canada Pension Plan Investment Board acquired a new position in shares of TreeHouse Foods in the second quarter worth approximately $37,000. Innealta Capital LLC bought a new stake in TreeHouse Foods in the second quarter valued at approximately $44,000. GAMMA Investing LLC boosted its holdings in TreeHouse Foods by 304.7% in the second quarter. GAMMA Investing LLC now owns 1,291 shares of the company’s stock valued at $47,000 after acquiring an additional 972 shares during the last quarter. Finally, Rothschild Investment LLC acquired a new stake in TreeHouse Foods during the 2nd quarter valued at approximately $67,000. 99.81% of the stock is currently owned by institutional investors and hedge funds.

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.