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

TreeHouse Foods (NYSE:THS) was downgraded by analysts at StockNews.com from a “hold” rating to a “sell” rating in a report released on Monday.

Several other analysts have also recently weighed in on the stock. Truist Financial lowered their price objective on shares of TreeHouse Foods from $35.00 to $30.00 and set a “hold” rating on the stock in a research report on Wednesday, November 13th. Consumer Edge cut shares of TreeHouse Foods from an “overweight” rating to an “equal weight” rating in a research report on Friday, November 15th. Stifel Nicolaus decreased their target price 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. Barclays decreased their target price 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. Finally, Mizuho lifted their target price on shares of TreeHouse Foods from $37.00 to $40.00 and gave the stock a “neutral” rating in a research report on Monday, August 26th. One equities research analyst has rated the stock with a sell rating and six have given a hold rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $34.20.

TreeHouse Foods Stock Performance

TreeHouse Foods stock opened at $35.42 on Monday. The firm’s fifty day moving average price is $38.60 and its 200-day moving average price is $38.16. 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 stock has a market cap of $1.81 billion, a P/E ratio of -74.42 and a beta of 0.23. TreeHouse Foods has a fifty-two week low of $28.04 and a fifty-two week high of $43.84.

TreeHouse Foods (NYSE:THS) last posted its quarterly earnings data on Tuesday, November 12th. The company reported $0.74 earnings per share for the quarter, missing the consensus estimate of $0.75 by ($0.01). The company had revenue of $854.40 million for the quarter, compared to analysts’ expectations of $881.15 million. TreeHouse Foods had a negative net margin of 0.72% and a positive return on equity of 5.94%. The business’s quarterly revenue was down 1.0% compared to the same quarter last year. During the same quarter last year, the business posted $0.57 EPS. On average, equities research analysts expect that TreeHouse Foods will post 2.08 earnings per share for the current fiscal year.

Hedge Funds Weigh In On TreeHouse Foods

A number of hedge funds have recently modified their holdings of the company. Signaturefd LLC increased its position in shares of 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 acquiring an additional 296 shares during the period. Pullen Investment Management LLC boosted its stake in shares of TreeHouse Foods by 2.0% during the 2nd quarter. Pullen Investment Management LLC now owns 21,186 shares of the company’s stock valued at $776,000 after purchasing an additional 408 shares in the last quarter. BNP Paribas Financial Markets boosted its stake 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 valued at $447,000 after purchasing an additional 481 shares in the last quarter. Verdence Capital Advisors LLC boosted its stake in shares of TreeHouse Foods by 5.8% during the 3rd quarter. Verdence Capital Advisors LLC now owns 9,074 shares of the company’s stock valued at $381,000 after purchasing an additional 499 shares in the last quarter. Finally, KBC Group NV boosted its stake 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 valued at $82,000 after purchasing an additional 564 shares in the last quarter. 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.