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

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

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

TreeHouse Foods Stock Up 1.5 %

NYSE THS opened at $34.53 on Thursday. TreeHouse Foods has a twelve month low of $28.04 and a twelve month high of $43.84. 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 stock has a market cap of $1.77 billion, a PE ratio of -73.47 and a beta of 0.23. The firm has a 50-day simple moving average of $36.54 and a 200 day simple moving average of $38.02.

TreeHouse Foods (NYSE:THS) last announced its quarterly earnings data 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 firm 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%. TreeHouse Foods’s revenue for the quarter was down 1.0% compared to the same quarter last year. During the same period in the previous year, the business posted $0.57 EPS. On average, research analysts forecast that TreeHouse Foods will post 1.96 EPS for the current year.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of THS. Canada Pension Plan Investment Board acquired a new position in shares of TreeHouse Foods in the 2nd quarter valued at $37,000. Signaturefd LLC grew its stake in TreeHouse Foods by 42.1% in the third quarter. Signaturefd LLC now owns 999 shares of the company’s stock valued at $42,000 after acquiring an additional 296 shares during the period. Innealta Capital LLC bought a new stake in shares of TreeHouse Foods in the second quarter worth about $44,000. Rothschild Investment LLC acquired a new stake in shares of TreeHouse Foods during the second quarter worth about $67,000. Finally, KBC Group NV lifted its holdings in shares of TreeHouse Foods by 40.9% during the 3rd quarter. KBC Group NV now owns 1,943 shares of the company’s stock valued at $82,000 after purchasing an additional 564 shares in the last quarter. Institutional investors and hedge funds own 99.81% of the company’s stock.

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.