TreeHouse Foods (NYSE:THS) Rating Lowered to Sell at StockNews.com

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

A number of other equities research analysts have also recently issued reports on the stock. Stifel Nicolaus decreased their price target on shares of TreeHouse Foods from $38.00 to $36.00 and set a “hold” rating for the company in a report on Tuesday. Truist Financial lowered TreeHouse Foods from a “buy” rating to a “hold” rating and lowered their target price for the company from $45.00 to $35.00 in a report on Tuesday, February 20th. Barclays cut their price target on TreeHouse Foods from $39.00 to $36.00 and set an “equal weight” rating for the company in a report on Wednesday. Finally, TD Cowen lowered their price objective on shares of TreeHouse Foods from $38.00 to $37.00 and set a “hold” rating on the stock in a research note on Tuesday. One research analyst has rated the stock with a sell rating and five have given a hold rating to the stock. According to data from MarketBeat, TreeHouse Foods currently has an average rating of “Hold” and a consensus target price of $38.40.

TreeHouse Foods Stock Up 1.6 %

TreeHouse Foods stock opened at $35.34 on Wednesday. The company has a market capitalization of $1.90 billion, a P/E ratio of 37.20 and a beta of 0.35. TreeHouse Foods has a 1-year low of $33.28 and a 1-year high of $54.52. The firm’s fifty day simple moving average is $37.00 and its 200-day simple moving average is $39.46. The company has a current ratio of 1.50, a quick ratio of 0.74 and a debt-to-equity ratio of 0.84.

TreeHouse Foods (NYSE:THS) last posted its earnings results on Monday, May 6th. The company reported ($0.03) earnings per share for the quarter, missing the consensus estimate of ($0.02) by ($0.01). The company had revenue of $820.70 million for the quarter, compared to the consensus estimate of $798.44 million. TreeHouse Foods had a net margin of 1.51% and a return on equity of 8.09%. TreeHouse Foods’s quarterly revenue was down 3.9% on a year-over-year basis. During the same quarter last year, the business earned $0.68 earnings per share. Sell-side analysts forecast that TreeHouse Foods will post 2.22 earnings per share for the current fiscal year.

Institutional Investors Weigh In On TreeHouse Foods

A number of institutional investors have recently bought and sold shares of the business. NBC Securities Inc. bought a new position in shares of TreeHouse Foods during the 3rd quarter worth about $37,000. GAMMA Investing LLC bought a new position in TreeHouse Foods during the fourth quarter worth about $52,000. Central Pacific Bank Trust Division acquired a new stake in TreeHouse Foods during the first quarter valued at approximately $48,000. TFO Wealth Partners LLC grew its stake in shares of TreeHouse Foods by 78,600.0% in the 4th quarter. TFO Wealth Partners LLC now owns 2,361 shares of the company’s stock valued at $98,000 after purchasing an additional 2,358 shares during the period. Finally, Quadrant Capital Group LLC raised its holdings in shares of TreeHouse Foods by 62.2% in the 4th quarter. Quadrant Capital Group LLC now owns 2,469 shares of the company’s stock worth $102,000 after buying an additional 947 shares in the last quarter. Institutional investors and hedge funds 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.