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 report sent to investors on Monday morning.

A number of other brokerages have also issued reports on THS. Consumer Edge lowered TreeHouse Foods from an “overweight” rating to an “equal weight” rating in a research report on Friday, November 15th. 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 dropped their target price on shares of TreeHouse Foods from $35.00 to $30.00 and set a “hold” rating for the company in a research report on Wednesday, November 13th. Finally, Barclays reduced their price target on shares of TreeHouse Foods from $39.00 to $32.00 and set an “equal weight” rating on the stock in a research report on Wednesday, November 13th. Seven analysts have rated the stock with a hold rating, Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $34.20.

TreeHouse Foods Stock Down 2.9 %

Shares of NYSE:THS opened at $34.19 on Monday. The company has a market capitalization of $1.75 billion, a price-to-earnings ratio of -72.74 and a beta of 0.22. The company has a 50 day moving average of $34.76 and a two-hundred day moving average of $37.89. TreeHouse Foods has a 52-week low of $28.04 and a 52-week 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 released its quarterly 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 firm had revenue of $854.40 million for the quarter, compared to analysts’ expectations of $881.15 million. TreeHouse Foods had a positive return on equity of 5.94% and a negative net margin of 0.72%. The business’s quarterly revenue was down 1.0% on a year-over-year basis. During the same period last year, the firm earned $0.57 EPS. As a group, analysts forecast that TreeHouse Foods will post 1.96 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the business. Signaturefd LLC lifted its holdings in TreeHouse Foods by 42.1% in the third quarter. Signaturefd LLC now owns 999 shares of the company’s stock worth $42,000 after acquiring an additional 296 shares during the last quarter. BNP Paribas Financial Markets raised its position in shares of TreeHouse Foods by 4.7% during the 3rd quarter. BNP Paribas Financial Markets now owns 10,657 shares of the company’s stock worth $447,000 after purchasing an additional 481 shares during the period. Verdence Capital Advisors LLC lifted 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 worth $381,000 after purchasing an additional 499 shares during the last quarter. KBC Group NV boosted its position in TreeHouse Foods by 40.9% during the 3rd 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 period. Finally, Canada Pension Plan Investment Board bought a new position in TreeHouse Foods during the 2nd quarter worth $37,000. 99.81% of the stock is 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.