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

TreeHouse Foods (NYSE:THS) was upgraded by equities research analysts at StockNews.com from a “sell” rating to a “hold” rating in a report released on Monday.

Several other research analysts have also recently issued reports on THS. Barclays cut 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 report on Wednesday, November 13th. Consumer Edge downgraded TreeHouse Foods from an “overweight” rating to an “equal weight” rating in a research note on Friday, November 15th. Truist Financial decreased their price target on TreeHouse Foods from $35.00 to $30.00 and set a “hold” rating on the stock in a research note on Wednesday, November 13th. Finally, Stifel Nicolaus cut their price objective on TreeHouse Foods from $41.00 to $32.00 and set a “hold” rating for the company in a research report on Wednesday, November 13th. Seven analysts have rated the stock with a hold rating, Based on data from MarketBeat, TreeHouse Foods currently has an average rating of “Hold” and an average target price of $34.20.

TreeHouse Foods Trading Up 0.6 %

Shares of THS stock opened at $34.39 on Monday. The company has a market capitalization of $1.76 billion, a P/E ratio of -73.17 and a beta of 0.22. 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 business’s 50 day moving average is $34.72 and its two-hundred day moving average is $37.87. TreeHouse Foods has a twelve month low of $28.04 and a twelve month high of $43.84.

TreeHouse Foods (NYSE:THS) last posted its quarterly earnings data on Tuesday, November 12th. The company reported $0.74 earnings per share for the quarter, missing analysts’ consensus estimates of $0.75 by ($0.01). The firm had revenue of $854.40 million during the quarter, compared to analysts’ expectations 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 quarterly revenue was down 1.0% on a year-over-year basis. During the same quarter last year, the business earned $0.57 earnings per share. Equities analysts forecast that TreeHouse Foods will post 1.96 EPS for the current year.

Institutional Trading of TreeHouse Foods

Several large investors have recently bought and sold shares of THS. Jane Street Group LLC boosted its position in shares of TreeHouse Foods by 37.7% in 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 in the last quarter. TD Asset Management Inc raised its position in TreeHouse Foods by 7.3% during the second quarter. TD Asset Management Inc now owns 478,944 shares of the company’s stock worth $17,549,000 after acquiring an additional 32,600 shares during the last quarter. Harbor Capital Advisors Inc. lifted its holdings in shares of TreeHouse Foods by 68.2% in the third quarter. Harbor Capital Advisors Inc. now owns 304,969 shares of the company’s stock valued at $12,803,000 after purchasing an additional 123,669 shares in the last quarter. Chartwell Investment Partners LLC purchased a new stake in shares of TreeHouse Foods in the third quarter valued at about $8,042,000. Finally, HighTower Advisors LLC grew its position in shares of TreeHouse Foods by 90.8% in the third quarter. HighTower Advisors LLC now owns 11,374 shares of the company’s stock valued at $488,000 after purchasing an additional 5,413 shares during 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.