TreeHouse Foods (NYSE:THS) Upgraded by StockNews.com to Hold Rating

StockNews.com upgraded shares of TreeHouse Foods (NYSE:THS) from a sell rating to a hold rating in a research note released on Tuesday.

A number of other brokerages also recently weighed in on THS. Consumer Edge downgraded shares of TreeHouse Foods from an “overweight” rating to an “equal weight” rating in a report on Friday, November 15th. Truist Financial decreased their price objective on shares of TreeHouse Foods from $35.00 to $30.00 and set a “hold” rating on the stock in a report on Wednesday, November 13th. Stifel Nicolaus boosted their target price on shares of TreeHouse Foods from $32.00 to $35.00 and gave the company a “hold” rating in a research report on Friday, January 24th. Finally, Barclays boosted their target price on shares of TreeHouse Foods from $32.00 to $35.00 and gave the company an “equal weight” rating in a research report on Friday, January 17th. Eight investment analysts have rated the stock with a hold rating, According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $34.83.

TreeHouse Foods Stock Down 8.4 %

TreeHouse Foods stock opened at $30.29 on Tuesday. The company’s 50 day simple moving average is $34.27 and its 200 day simple moving average is $37.14. TreeHouse Foods has a fifty-two week low of $28.04 and a fifty-two week high of $43.84. The firm has a market capitalization of $1.55 billion, a price-to-earnings ratio of -64.43 and a beta of 0.22. The company has a debt-to-equity ratio of 0.90, a current ratio of 1.40 and a quick ratio of 0.53.

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

Institutional Investors Weigh In On TreeHouse Foods

Several large investors have recently made changes to their positions in THS. Blue Trust Inc. increased its position in shares of TreeHouse Foods by 456.7% during the 4th quarter. Blue Trust Inc. now owns 1,119 shares of the company’s stock valued at $39,000 after purchasing an additional 918 shares during the last quarter. Signaturefd LLC increased its holdings in TreeHouse Foods by 42.1% in the 3rd quarter. Signaturefd LLC now owns 999 shares of the company’s stock worth $42,000 after acquiring an additional 296 shares during the last quarter. KBC Group NV increased its holdings in TreeHouse Foods by 40.9% in the 3rd quarter. KBC Group NV now owns 1,943 shares of the company’s stock worth $82,000 after acquiring an additional 564 shares during the last quarter. Sterling Capital Management LLC increased its holdings in TreeHouse Foods by 134.4% in the 4th quarter. Sterling Capital Management LLC now owns 2,374 shares of the company’s stock worth $83,000 after acquiring an additional 1,361 shares during the last quarter. Finally, CIBC Private Wealth Group LLC increased its holdings in TreeHouse Foods by 58.2% in the 4th quarter. CIBC Private Wealth Group LLC now owns 4,101 shares of the company’s stock worth $142,000 after acquiring an additional 1,508 shares during the last quarter. 99.81% of the stock is owned by hedge funds and other institutional investors.

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.