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

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

Several other brokerages have also commented on THS. Truist Financial cut 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 TreeHouse Foods from $41.00 to $32.00 and set a “hold” rating on the stock in a research note on Wednesday, November 13th. Consumer Edge cut TreeHouse Foods from an “overweight” rating to an “equal weight” rating in a research note on Friday, November 15th. Finally, Barclays lowered their target price on shares of TreeHouse Foods from $39.00 to $32.00 and set an “equal weight” rating on the stock in a research report on Wednesday, November 13th. One analyst has rated the stock with a sell rating and six have given a hold rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $34.20.

TreeHouse Foods Stock Down 0.9 %

NYSE THS traded down $0.31 during trading on Wednesday, reaching $33.54. 305,458 shares of the company’s stock were exchanged, compared to its average volume of 525,651. TreeHouse Foods has a 1 year low of $28.04 and a 1 year high of $43.84. The stock has a market cap of $1.72 billion, a P/E ratio of -71.36 and a beta of 0.22. The company has a debt-to-equity ratio of 0.90, a quick ratio of 0.53 and a current ratio of 1.40. The company has a 50 day moving average price of $34.42 and a two-hundred day moving average price of $37.77.

TreeHouse Foods (NYSE:THS) last posted its earnings results on Tuesday, November 12th. The company reported $0.74 earnings per share for the quarter, missing the consensus estimate of $0.75 by ($0.01). The business had revenue of $854.40 million for the quarter, compared to analysts’ expectations of $881.15 million. TreeHouse Foods had a positive return on equity of 5.94% and a negative net margin of 0.72%. TreeHouse Foods’s revenue for the quarter was down 1.0% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.57 EPS. On average, equities research analysts anticipate that TreeHouse Foods will post 1.96 EPS for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Signaturefd LLC lifted its holdings in shares of TreeHouse Foods by 42.1% during the third quarter. Signaturefd LLC now owns 999 shares of the company’s stock worth $42,000 after purchasing an additional 296 shares during the period. BNP Paribas Financial Markets lifted its stake in shares of TreeHouse Foods by 4.7% in the 3rd quarter. BNP Paribas Financial Markets now owns 10,657 shares of the company’s stock worth $447,000 after acquiring an additional 481 shares during the period. Verdence Capital Advisors LLC boosted its holdings in shares of TreeHouse Foods by 5.8% in the third quarter. Verdence Capital Advisors LLC now owns 9,074 shares of the company’s stock valued at $381,000 after acquiring an additional 499 shares in the last quarter. KBC Group NV increased its stake in shares of TreeHouse Foods by 40.9% during the third 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 period. Finally, Canada Pension Plan Investment Board acquired a new position in shares of TreeHouse Foods during the second quarter worth about $37,000. 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.