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

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

Several other brokerages have also recently issued reports on THS. Mizuho lifted their target price on shares of TreeHouse Foods from $37.00 to $40.00 and gave the stock a “neutral” rating in a report on Monday, August 26th. Stifel Nicolaus decreased their target price on shares of TreeHouse Foods from $41.00 to $32.00 and set a “hold” rating for the company in a report on Wednesday, November 13th. Barclays decreased their target price on shares of TreeHouse Foods from $39.00 to $32.00 and set an “equal weight” rating for the company in a report on Wednesday, November 13th. Truist Financial decreased their target price on shares of TreeHouse Foods from $35.00 to $30.00 and set a “hold” rating for the company in a report on Wednesday, November 13th. Finally, Consumer Edge cut shares of TreeHouse Foods from an “overweight” rating to an “equal weight” rating in a report on Friday, November 15th. 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.com, the stock currently has an average rating of “Hold” and a consensus target price of $34.20.

TreeHouse Foods Trading Up 1.1 %

NYSE:THS opened at $35.42 on Monday. TreeHouse Foods has a one year low of $28.04 and a one year 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 company’s 50-day simple moving average is $38.60 and its 200 day simple moving average is $38.16. The firm has a market capitalization of $1.81 billion, a P/E ratio of -74.42 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 the consensus estimate of $0.75 by ($0.01). TreeHouse Foods had a positive return on equity of 5.94% and a negative net margin of 0.72%. The business had revenue of $854.40 million for the quarter, compared to the consensus estimate of $881.15 million. During the same period in the previous year, the firm earned $0.57 EPS. The company’s revenue was down 1.0% on a year-over-year basis. As a group, analysts forecast that TreeHouse Foods will post 2.08 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in THS. CANADA LIFE ASSURANCE Co increased its holdings in TreeHouse Foods by 8.6% during the first quarter. CANADA LIFE ASSURANCE Co now owns 45,004 shares of the company’s stock valued at $1,754,000 after buying an additional 3,549 shares during the last quarter. Boston Partners increased its holdings in TreeHouse Foods by 5.4% during the first quarter. Boston Partners now owns 193,892 shares of the company’s stock valued at $7,552,000 after buying an additional 9,998 shares during the last quarter. GAMMA Investing LLC increased its holdings in TreeHouse Foods by 304.7% during the second quarter. GAMMA Investing LLC now owns 1,291 shares of the company’s stock valued at $47,000 after buying an additional 972 shares during the last quarter. Harbor Capital Advisors Inc. increased its holdings in TreeHouse Foods by 382.7% during the second quarter. Harbor Capital Advisors Inc. now owns 181,300 shares of the company’s stock valued at $6,643,000 after buying an additional 143,739 shares during the last quarter. Finally, SG Americas Securities LLC increased its holdings in TreeHouse Foods by 165.8% during the second quarter. SG Americas Securities LLC now owns 10,298 shares of the company’s stock valued at $377,000 after buying an additional 6,423 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.