Weiss Ratings Reiterates Sell (D) Rating for TreeHouse Foods (NYSE:THS)

TreeHouse Foods (NYSE:THS)‘s stock had its “sell (d)” rating restated by equities research analysts at Weiss Ratings in a note issued to investors on Thursday,Weiss Ratings reports.

THS has been the subject of a number of other research reports. Stifel Nicolaus decreased their target price on shares of TreeHouse Foods from $21.00 to $19.00 and set a “hold” rating for the company in a research report on Friday, October 24th. Zacks Research downgraded shares of TreeHouse Foods from a “hold” rating to a “strong sell” rating in a research report on Friday, October 24th. Barclays lowered their target price on TreeHouse Foods from $25.00 to $21.00 and set an “equal weight” rating on the stock in a research report on Tuesday, July 15th. Finally, Mizuho lowered their target price on TreeHouse Foods from $24.00 to $22.00 and set a “neutral” rating on the stock in a research report on Monday, July 28th. Seven equities research analysts have rated the stock with a Hold rating and two have given a Sell rating to the company. According to MarketBeat, TreeHouse Foods presently has an average rating of “Reduce” and an average price target of $23.33.

TreeHouse Foods Trading Up 1.8%

NYSE:THS opened at $18.16 on Thursday. The company has a debt-to-equity ratio of 0.98, a current ratio of 1.26 and a quick ratio of 0.38. The business’s 50-day simple moving average is $18.57 and its 200-day simple moving average is $20.22. TreeHouse Foods has a fifty-two week low of $15.85 and a fifty-two week high of $40.77. The stock has a market capitalization of $916.88 million, a PE ratio of 46.56 and a beta of 0.26.

TreeHouse Foods (NYSE:THS) last issued its quarterly earnings data on Thursday, July 31st. The company reported $0.17 EPS for the quarter, topping analysts’ consensus estimates of $0.10 by $0.07. TreeHouse Foods had a net margin of 0.62% and a return on equity of 6.35%. The business had revenue of $801.40 million for the quarter, compared to analyst estimates of $788.84 million. During the same period last year, the business posted $0.29 earnings per share. The firm’s quarterly revenue was up 1.2% on a year-over-year basis. Sell-side analysts expect that TreeHouse Foods will post 1.94 earnings per share for the current fiscal year.

Hedge Funds Weigh In On TreeHouse Foods

Hedge funds and other institutional investors have recently bought and sold shares of the business. EverSource Wealth Advisors LLC grew its holdings in TreeHouse Foods by 320.8% during the second quarter. EverSource Wealth Advisors LLC now owns 1,355 shares of the company’s stock worth $26,000 after purchasing an additional 1,033 shares during the period. Blue Trust Inc. increased its holdings in shares of TreeHouse Foods by 50.7% during the 2nd quarter. Blue Trust Inc. now owns 2,878 shares of the company’s stock worth $56,000 after acquiring an additional 968 shares during the last quarter. GAMMA Investing LLC increased its holdings in shares of TreeHouse Foods by 719.7% during the 2nd quarter. GAMMA Investing LLC now owns 2,918 shares of the company’s stock worth $57,000 after acquiring an additional 2,562 shares during the last quarter. Canada Pension Plan Investment Board acquired a new position in shares of TreeHouse Foods during the 2nd quarter worth approximately $70,000. Finally, Strs Ohio acquired a new position in shares of TreeHouse Foods during the 3rd quarter worth approximately $87,000. Institutional investors own 99.81% of the company’s stock.

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.