TreeHouse Foods (NYSE:THS) Cut to Equal Weight at Consumer Edge

Consumer Edge lowered shares of TreeHouse Foods (NYSE:THS) from an overweight rating to an equal weight rating in a report issued on Friday morning, Marketbeat Ratings reports.

Other analysts have also issued reports about the company. Truist Financial cut their price target on TreeHouse Foods from $35.00 to $30.00 and set a “hold” rating on the stock in a report on Wednesday, November 13th. StockNews.com raised TreeHouse Foods from a “sell” rating to a “hold” rating in a research report on Tuesday, August 6th. Stifel Nicolaus lowered their price objective on shares of TreeHouse Foods from $41.00 to $32.00 and set a “hold” rating on the stock in a report on Wednesday, November 13th. Mizuho increased 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. Finally, Barclays lowered 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. Seven equities research analysts have rated the stock with a hold rating, Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $34.20.

TreeHouse Foods Trading Up 1.0 %

NYSE:THS opened at $32.72 on Friday. The business’s 50-day simple moving average is $39.32 and its 200-day simple moving average is $38.18. TreeHouse Foods has a fifty-two week low of $28.04 and a fifty-two week 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 0.52. The stock has a market capitalization of $1.68 billion, a PE ratio of -69.62 and a beta of 0.23.

TreeHouse Foods (NYSE:THS) last released its quarterly 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). TreeHouse Foods had a negative net margin of 0.72% and a positive return on equity of 5.94%. The company had revenue of $854.40 million during the quarter, compared to analyst estimates of $881.15 million. During the same quarter last year, the company earned $0.57 EPS. The firm’s quarterly revenue was down 1.0% compared to the same quarter last year. Sell-side analysts expect that TreeHouse Foods will post 2.15 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other TreeHouse Foods news, EVP Kristy N. Waterman sold 3,000 shares of the business’s stock in a transaction that occurred on Monday, August 26th. The stock was sold at an average price of $42.34, for a total transaction of $127,020.00. Following the transaction, the executive vice president now owns 20,784 shares of the company’s stock, valued at $879,994.56. The trade was a 12.61 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 0.90% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in THS. Barclays PLC lifted its holdings in TreeHouse Foods by 7.0% during the 3rd quarter. Barclays PLC now owns 337,657 shares of the company’s stock valued at $14,175,000 after purchasing an additional 21,951 shares during the last quarter. Dean Investment Associates LLC lifted its stake in shares of TreeHouse Foods by 49.4% during the 3rd quarter. Dean Investment Associates LLC now owns 97,799 shares of the company’s stock worth $4,106,000 after buying an additional 32,336 shares during the last quarter. Jane Street Group LLC boosted its holdings in shares of TreeHouse Foods by 37.7% during the 3rd quarter. Jane Street Group LLC now owns 124,173 shares of the company’s stock worth $5,213,000 after buying an additional 33,978 shares during the period. HighTower Advisors LLC grew its stake in TreeHouse Foods by 90.8% in the 3rd quarter. HighTower Advisors LLC now owns 11,374 shares of the company’s stock valued at $488,000 after buying an additional 5,413 shares during the last quarter. Finally, Verition Fund Management LLC bought a new position in TreeHouse Foods in the 3rd quarter valued at about $1,202,000. 99.81% of the stock is currently owned by institutional investors.

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.