TreeHouse Foods (NYSE:THS) Cut to “Sell” at StockNews.com

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

Several other equities research analysts also recently commented on the company. Truist Financial cut their price objective on TreeHouse Foods from $35.00 to $30.00 and set a “hold” rating for the company in a report on Wednesday, November 13th. Stifel Nicolaus cut their price target on shares of TreeHouse Foods from $41.00 to $32.00 and set a “hold” rating for the company in a research note 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. Barclays cut 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 research note on Wednesday, November 13th. Finally, Mizuho boosted their price target on TreeHouse Foods from $37.00 to $40.00 and gave the stock a “neutral” rating in a research report on Monday, August 26th. One analyst has rated the stock with a sell rating and six have assigned a hold rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $34.20.

TreeHouse Foods Stock Up 1.5 %

Shares of THS stock opened at $34.53 on Thursday. The firm’s fifty day moving average price is $36.54 and its two-hundred day moving average price is $38.02. TreeHouse Foods has a 1 year low of $28.04 and a 1 year high of $43.84. The company has a current ratio of 1.40, a quick ratio of 0.53 and a debt-to-equity ratio of 0.90. The firm has a market capitalization of $1.77 billion, a P/E ratio of -73.47 and a beta of 0.23.

TreeHouse Foods (NYSE:THS) last released its earnings results on Tuesday, November 12th. The company reported $0.74 earnings per share (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 company had revenue of $854.40 million for the quarter, compared to the consensus estimate of $881.15 million. During the same quarter in the previous year, the company posted $0.57 EPS. The business’s revenue was down 1.0% on a year-over-year basis. On average, equities analysts predict that TreeHouse Foods will post 1.96 EPS for the current fiscal year.

Institutional Investors Weigh In On TreeHouse Foods

Hedge funds have recently bought and sold shares of the stock. Rubric Capital Management LP acquired a new stake in TreeHouse Foods during the 3rd quarter worth approximately $48,011,000. FMR LLC lifted its holdings in shares of TreeHouse Foods by 28.1% during the third quarter. FMR LLC now owns 2,740,048 shares of the company’s stock worth $115,027,000 after buying an additional 600,723 shares in the last quarter. Shapiro Capital Management LLC boosted its position in shares of TreeHouse Foods by 22.0% in the second quarter. Shapiro Capital Management LLC now owns 1,587,415 shares of the company’s stock valued at $58,163,000 after acquiring an additional 286,770 shares during the period. New South Capital Management Inc. grew its stake in shares of TreeHouse Foods by 22.4% in the second quarter. New South Capital Management Inc. now owns 1,370,548 shares of the company’s stock valued at $50,217,000 after acquiring an additional 250,399 shares in the last quarter. Finally, Chartwell Investment Partners LLC acquired a new position in shares of TreeHouse Foods in the third quarter valued at about $8,042,000. 99.81% of the stock is currently owned by institutional investors and hedge funds.

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.