TreeHouse Foods (NYSE:THS) Stock Rating Lowered by StockNews.com

TreeHouse Foods (NYSE:THS) was downgraded by investment analysts at StockNews.com from a “hold” rating to a “sell” rating in a research note issued to investors on Wednesday.

A number of other equities research analysts have also recently commented on THS. Truist Financial lowered their target price on TreeHouse Foods from $35.00 to $30.00 and set a “hold” rating on the stock in a report on Wednesday, November 13th. Stifel Nicolaus dropped their price objective on TreeHouse Foods from $41.00 to $32.00 and set a “hold” rating for the company in a research report on Wednesday, November 13th. Barclays cut their target price on shares of TreeHouse Foods from $39.00 to $32.00 and set an “equal weight” rating for the company in a research note on Wednesday, November 13th. Finally, Consumer Edge cut shares of TreeHouse Foods from an “overweight” rating to an “equal weight” rating in a research note on Friday, November 15th. One investment analyst has rated the stock with a sell rating and six have issued a hold rating to the company’s stock. According to data from MarketBeat, TreeHouse Foods presently has a consensus rating of “Hold” and an average price target of $34.20.

TreeHouse Foods Stock Up 4.6 %

TreeHouse Foods stock opened at $35.06 on Wednesday. TreeHouse Foods has a fifty-two week low of $28.04 and a fifty-two week high of $43.84. The firm has a market capitalization of $1.80 billion, a price-to-earnings ratio of -74.60 and a beta of 0.22. The stock’s fifty day moving average is $34.27 and its two-hundred day moving average is $37.73. The company has a debt-to-equity ratio of 0.90, a quick ratio of 0.53 and a current ratio of 1.40.

TreeHouse Foods (NYSE:THS) last issued its quarterly earnings data on Tuesday, November 12th. The company reported $0.74 EPS for the quarter, missing analysts’ consensus estimates 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 business had revenue of $854.40 million during the quarter, compared to analyst estimates of $881.15 million. During the same period in the previous year, the company posted $0.57 earnings per share. TreeHouse Foods’s revenue was down 1.0% on a year-over-year basis. Analysts predict that TreeHouse Foods will post 1.96 EPS for the current fiscal year.

Institutional Trading of TreeHouse Foods

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Canada Pension Plan Investment Board acquired a new stake in shares of TreeHouse Foods in the second quarter worth approximately $37,000. Signaturefd LLC grew its stake in shares of TreeHouse Foods by 42.1% during the 3rd 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. KBC Group NV increased its holdings in shares of TreeHouse Foods by 40.9% during the 3rd 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 last quarter. GAMMA Investing LLC raised its position in shares of TreeHouse Foods by 95.1% in the 3rd quarter. GAMMA Investing LLC now owns 2,519 shares of the company’s stock worth $106,000 after buying an additional 1,228 shares during the period. Finally, Legacy Wealth Asset Management LLC purchased a new position in shares of TreeHouse Foods in the 4th quarter worth $216,000. 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.