TreeHouse Foods (NYSE:THS) Trading Down 5.8% After Analyst Downgrade

TreeHouse Foods, Inc. (NYSE:THS) dropped 5.8% during mid-day trading on Tuesday after Jefferies Financial Group lowered their price target on the stock from $37.00 to $31.00. Jefferies Financial Group currently has a hold rating on the stock. TreeHouse Foods traded as low as $31.41 and last traded at $31.14. Approximately 153,141 shares were traded during mid-day trading, a decline of 74% from the average daily volume of 596,648 shares. The stock had previously closed at $33.06.

Several other research analysts have also recently weighed in on THS. Truist Financial reduced their price objective 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. Barclays lifted their price objective on TreeHouse Foods from $35.00 to $36.00 and gave the stock an “equal weight” rating in a report on Tuesday. Consumer Edge downgraded TreeHouse Foods from an “overweight” rating to an “equal weight” rating in a research report on Friday, November 15th. Stifel Nicolaus increased their price target on shares of TreeHouse Foods from $32.00 to $35.00 and gave the stock a “hold” rating in a report on Friday, January 24th. Finally, StockNews.com raised TreeHouse Foods from a “sell” rating to a “hold” rating in a research note on Tuesday. Eight 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 a consensus price target of $34.83.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the business. FMR LLC grew its holdings in shares of TreeHouse Foods by 90.5% during the 4th quarter. FMR LLC now owns 5,219,543 shares of the company’s stock valued at $183,363,000 after purchasing an additional 2,479,495 shares during the last quarter. Dimensional Fund Advisors LP raised its stake in TreeHouse Foods by 4.4% in the fourth quarter. Dimensional Fund Advisors LP now owns 3,296,849 shares of the company’s stock worth $115,818,000 after buying an additional 137,744 shares in the last quarter. Sessa Capital IM L.P. lifted its stake in shares of TreeHouse Foods by 121.9% in the 4th quarter. Sessa Capital IM L.P. now owns 3,242,483 shares of the company’s stock valued at $113,908,000 after purchasing an additional 1,781,179 shares during the period. Rubric Capital Management LP purchased a new position in TreeHouse Foods during the third quarter valued at $48,011,000. Finally, Charles Schwab Investment Management Inc. lifted its position in TreeHouse Foods by 3.8% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 901,064 shares of the company’s stock valued at $31,654,000 after acquiring an additional 32,613 shares during the period. 99.81% of the stock is owned by hedge funds and other institutional investors.

TreeHouse Foods Stock Performance

The company has a debt-to-equity ratio of 0.90, a quick ratio of 0.53 and a current ratio of 1.40. The business has a 50-day moving average price of $34.27 and a 200 day moving average price of $37.14. The stock has a market capitalization of $1.55 billion, a P/E ratio of -64.43 and a beta of 0.22.

TreeHouse Foods (NYSE:THS) last issued its earnings results on Friday, February 14th. The company reported $0.95 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.97 by ($0.02). The firm had revenue of $905.70 million during the quarter, compared to the consensus estimate of $907.71 million. TreeHouse Foods had a positive return on equity of 5.94% and a negative net margin of 0.72%. The company’s quarterly revenue was down .5% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.77 EPS. As a group, sell-side analysts forecast that TreeHouse Foods, Inc. will post 1.96 EPS for the current fiscal year.

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.