TreeHouse Foods (NYSE:THS) Downgraded by Consumer Edge to “Equal Weight”

Consumer Edge downgraded shares of TreeHouse Foods (NYSE:THS) from an overweight rating to an equal weight rating in a report released on Friday, MarketBeat Ratings reports.

Other analysts also recently issued reports about the company. Mizuho raised 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. Truist Financial reduced their price objective on TreeHouse Foods from $35.00 to $30.00 and set a “hold” rating for the company in a research note on Wednesday, November 13th. StockNews.com upgraded TreeHouse Foods from a “sell” rating to a “hold” rating in a report on Tuesday, August 6th. Barclays decreased their price target on shares of TreeHouse Foods from $39.00 to $32.00 and set an “equal weight” rating for the company in a research note on Wednesday, November 13th. Finally, Stifel Nicolaus dropped 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 equities research analysts have rated the stock with a hold rating, According to MarketBeat.com, TreeHouse Foods has an average rating of “Hold” and an average price target of $34.20.

TreeHouse Foods Trading Down 2.6 %

Shares of THS stock opened at $32.41 on Friday. 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 quick ratio of 0.52 and a current ratio of 1.40. The stock has a 50 day simple moving average of $39.50 and a two-hundred day simple moving average of $38.22. The company has a market cap of $1.66 billion, a P/E ratio of -68.96 and a beta of 0.23.

TreeHouse Foods (NYSE:THS) last released 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 company had revenue of $854.40 million during the quarter, compared to the consensus estimate of $881.15 million. TreeHouse Foods had a negative net margin of 0.72% and a positive return on equity of 5.94%. The business’s revenue was down 1.0% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.57 EPS. Research analysts forecast that TreeHouse Foods will post 2.15 earnings per share for the current year.

Insider Transactions at TreeHouse Foods

In other 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 value of $127,020.00. Following the transaction, the executive vice president now owns 20,784 shares in the company, valued at $879,994.56. The trade was a 12.61 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 0.90% of the company’s stock.

Institutional Trading of TreeHouse Foods

A number of hedge funds have recently bought and sold shares of the business. Canada Pension Plan Investment Board bought a new position in TreeHouse Foods in the 2nd quarter valued at $37,000. Signaturefd LLC grew its position in TreeHouse Foods by 42.1% during the third quarter. Signaturefd LLC now owns 999 shares of the company’s stock valued at $42,000 after buying an additional 296 shares during the period. Innealta Capital LLC purchased a new stake in TreeHouse Foods during the second quarter worth about $44,000. GAMMA Investing LLC raised its position in TreeHouse Foods by 304.7% in the second quarter. GAMMA Investing LLC now owns 1,291 shares of the company’s stock worth $47,000 after acquiring an additional 972 shares during the period. Finally, Rothschild Investment LLC purchased a new position in TreeHouse Foods in the second quarter valued at about $67,000. 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.