TreeHouse Foods (NYSE:THS) Downgraded by StockNews.com to “Sell”

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

A number of other research analysts also recently commented on THS. Mizuho increased their price target on shares of TreeHouse Foods from $37.00 to $40.00 and gave the company a “neutral” rating in a report on Monday, August 26th. Stifel Nicolaus lowered their price objective on TreeHouse Foods from $41.00 to $32.00 and set a “hold” rating for the company in a research note on Wednesday, November 13th. Truist Financial cut their target price on 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 downgraded TreeHouse Foods from an “overweight” rating to an “equal weight” rating in a research report on Friday, November 15th. Finally, Barclays dropped their price objective 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. One equities research analyst has rated the stock with a sell rating and six have issued a hold rating to the company’s stock. Based on data from MarketBeat, TreeHouse Foods has a consensus rating of “Hold” and an average price target of $34.20.

TreeHouse Foods Stock Down 0.3 %

Shares of THS opened at $33.88 on Thursday. The company has a debt-to-equity ratio of 0.90, a current ratio of 1.40 and a quick ratio of 0.53. The stock has a market capitalization of $1.73 billion, a price-to-earnings ratio of -72.09 and a beta of 0.23. TreeHouse Foods has a 1 year low of $28.04 and a 1 year high of $43.84. The business’s 50 day simple moving average is $36.77 and its 200-day simple moving average is $38.05.

TreeHouse Foods (NYSE:THS) last released its quarterly earnings results on Tuesday, November 12th. The company reported $0.74 earnings per share (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 for the quarter, compared to analysts’ expectations of $881.15 million. During the same period in the previous year, the company earned $0.57 EPS. TreeHouse Foods’s revenue for the quarter was down 1.0% compared to the same quarter last year. As a group, equities analysts expect that TreeHouse Foods will post 1.96 earnings per share for the current fiscal year.

Institutional Trading of TreeHouse Foods

A number of large investors have recently made changes to their positions in the stock. Legato Capital Management LLC lifted its holdings in TreeHouse Foods by 38.1% during the 2nd quarter. Legato Capital Management LLC now owns 24,154 shares of the company’s stock valued at $885,000 after buying an additional 6,666 shares in the last quarter. TD Asset Management Inc increased its position in shares of TreeHouse Foods by 7.3% during the second quarter. TD Asset Management Inc now owns 478,944 shares of the company’s stock worth $17,549,000 after acquiring an additional 32,600 shares during the period. Harbor Capital Advisors Inc. raised its stake in shares of TreeHouse Foods by 68.2% during the third quarter. Harbor Capital Advisors Inc. now owns 304,969 shares of the company’s stock valued at $12,803,000 after acquiring an additional 123,669 shares in the last quarter. Chartwell Investment Partners LLC purchased a new stake in shares of TreeHouse Foods in the third quarter valued at approximately $8,042,000. Finally, Shapiro Capital Management LLC grew its stake in TreeHouse Foods by 22.0% in the second quarter. Shapiro Capital Management LLC now owns 1,587,415 shares of the company’s stock worth $58,163,000 after purchasing an additional 286,770 shares in the last quarter. 99.81% of the stock is owned by hedge funds and other institutional investors.

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.