StockNews.com Upgrades TreeHouse Foods (NYSE:THS) to “Hold”

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

THS has been the subject of a number of other research reports. Consumer Edge downgraded TreeHouse Foods from an “overweight” rating to an “equal weight” rating in a research note on Friday, November 15th. Truist Financial dropped their target price on shares of TreeHouse Foods from $35.00 to $30.00 and set a “hold” rating for the company in a research report on Wednesday, November 13th. Barclays upped their price target on shares of TreeHouse Foods from $32.00 to $35.00 and gave the stock an “equal weight” rating in a report on Friday, January 17th. Finally, Stifel Nicolaus decreased their price objective 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. Seven research analysts have rated the stock with a hold rating, According to MarketBeat, the company currently has an average rating of “Hold” and an average target price of $35.40.

TreeHouse Foods Price Performance

Shares of TreeHouse Foods stock opened at $34.82 on Thursday. The company has a quick ratio of 0.53, a current ratio of 1.40 and a debt-to-equity ratio of 0.90. The stock has a market capitalization of $1.78 billion, a price-to-earnings ratio of -74.09 and a beta of 0.22. TreeHouse Foods has a twelve month low of $28.04 and a twelve month high of $43.84. The company has a 50-day simple moving average of $34.35 and a two-hundred day simple moving average of $37.63.

TreeHouse Foods (NYSE:THS) last issued 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). The company had revenue of $854.40 million for the quarter, compared to analyst estimates of $881.15 million. TreeHouse Foods had a positive return on equity of 5.94% and a negative net margin of 0.72%. The company’s quarterly revenue was down 1.0% compared to the same quarter last year. During the same period in the prior year, the company earned $0.57 EPS. Analysts forecast that TreeHouse Foods will post 1.96 EPS for the current year.

Institutional Investors Weigh In On TreeHouse Foods

A number of hedge funds have recently made changes to their positions in THS. Signaturefd LLC increased its position in TreeHouse Foods by 42.1% during the 3rd quarter. Signaturefd LLC now owns 999 shares of the company’s stock worth $42,000 after purchasing an additional 296 shares in the last quarter. Canada Pension Plan Investment Board bought a new stake in shares of TreeHouse Foods during the second quarter worth $37,000. Blue Trust Inc. increased its holdings in shares of TreeHouse Foods by 456.7% during the fourth quarter. Blue Trust Inc. now owns 1,119 shares of the company’s stock worth $39,000 after buying an additional 918 shares in the last quarter. KBC Group NV lifted its stake in shares of TreeHouse Foods by 40.9% in the 3rd quarter. KBC Group NV now owns 1,943 shares of the company’s stock valued at $82,000 after acquiring an additional 564 shares during the last quarter. Finally, GAMMA Investing LLC boosted its holdings in shares of TreeHouse Foods by 95.1% during the 3rd quarter. GAMMA Investing LLC now owns 2,519 shares of the company’s stock valued at $106,000 after acquiring an additional 1,228 shares in the last quarter. 99.81% of the stock is currently owned by institutional investors and hedge funds.

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.