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

StockNews.com lowered shares of TreeHouse Foods (NYSE:THS) from a hold rating to a sell rating in a report published on Monday.

A number of other research analysts have also issued reports on the stock. Consumer Edge lowered shares of TreeHouse Foods from an “overweight” rating to an “equal weight” rating in a research note on Friday, November 15th. Truist Financial dropped their price target on shares of TreeHouse Foods from $35.00 to $30.00 and set a “hold” rating on the stock in a research note on Wednesday, November 13th. Stifel Nicolaus dropped their price target on shares of TreeHouse Foods from $41.00 to $32.00 and set a “hold” rating on the stock in a research note on Wednesday, November 13th. Mizuho boosted their price target on shares of TreeHouse Foods from $37.00 to $40.00 and gave the stock a “neutral” rating in a research note on Monday, August 26th. Finally, Barclays dropped their price target on shares of TreeHouse Foods from $39.00 to $32.00 and set an “equal weight” rating on the stock in a research note on Wednesday, November 13th. One research analyst has rated the stock with a sell rating and six have assigned a hold rating to the stock. According to data from MarketBeat, TreeHouse Foods presently has a consensus rating of “Hold” and a consensus price target of $34.20.

TreeHouse Foods Price Performance

Shares of NYSE:THS opened at $35.03 on Monday. The company’s fifty day moving average price is $38.76 and its 200 day moving average price is $38.16. TreeHouse Foods has a 12 month low of $28.04 and a 12 month high of $43.84. 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 firm has a market capitalization of $1.79 billion, a P/E ratio of -74.53 and a beta of 0.23.

TreeHouse Foods (NYSE:THS) last posted its quarterly earnings data on Tuesday, November 12th. The company reported $0.74 EPS for the quarter, missing analysts’ consensus estimates of $0.75 by ($0.01). The business had revenue of $854.40 million during the quarter, compared to analyst estimates of $881.15 million. TreeHouse Foods had a negative net margin of 0.72% and a positive return on equity of 5.94%. The company’s revenue for the quarter was down 1.0% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.57 earnings per share. As a group, sell-side analysts predict that TreeHouse Foods will post 2.08 earnings per share for the current fiscal year.

Institutional Trading of TreeHouse Foods

A number of institutional investors have recently added to or reduced their stakes in the stock. Legato Capital Management LLC lifted its holdings in shares of TreeHouse Foods by 38.1% in the second quarter. Legato Capital Management LLC now owns 24,154 shares of the company’s stock valued at $885,000 after purchasing an additional 6,666 shares in the last quarter. TD Asset Management Inc lifted its holdings in shares of TreeHouse Foods by 7.3% in the second quarter. TD Asset Management Inc now owns 478,944 shares of the company’s stock valued at $17,549,000 after purchasing an additional 32,600 shares in the last quarter. Harbor Capital Advisors Inc. lifted its holdings in shares of TreeHouse Foods by 68.2% in the third quarter. Harbor Capital Advisors Inc. now owns 304,969 shares of the company’s stock valued at $12,803,000 after purchasing 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 about $8,042,000. Finally, Shapiro Capital Management LLC lifted its holdings in shares of TreeHouse Foods by 22.0% in the second quarter. Shapiro Capital Management LLC now owns 1,587,415 shares of the company’s stock valued at $58,163,000 after purchasing an additional 286,770 shares in the last quarter. Hedge funds and other 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.