TreeHouse Foods (NYSE:THS) Shares Down 5.8% After Analyst Downgrade

Shares of TreeHouse Foods, Inc. (NYSE:THS) were down 5.8% on Tuesday after Jefferies Financial Group lowered their price target on the stock from $37.00 to $31.00. Jefferies Financial Group currently has a hold rating on the stock. TreeHouse Foods traded as low as $31.41 and last traded at $31.14. Approximately 153,141 shares changed hands during mid-day trading, a decline of 74% from the average daily volume of 596,648 shares. The stock had previously closed at $33.06.

A number of other equities analysts have also recently issued reports on the company. Consumer Edge cut TreeHouse Foods from an “overweight” rating to an “equal weight” rating in a report on Friday, November 15th. Stifel Nicolaus lifted their price objective on shares of TreeHouse Foods from $32.00 to $35.00 and gave the stock a “hold” rating in a research note on Friday, January 24th. Barclays upped their target price on shares of TreeHouse Foods from $35.00 to $36.00 and gave the company an “equal weight” rating in a research note on Tuesday. Truist Financial cut their target price on shares of TreeHouse Foods from $35.00 to $30.00 and set a “hold” rating on the stock in a report on Wednesday, November 13th. Finally, StockNews.com raised shares of TreeHouse Foods from a “sell” rating to a “hold” rating in a report on Tuesday. Eight investment analysts have rated the stock with a hold rating, According to data from MarketBeat.com, TreeHouse Foods has an average rating of “Hold” and a consensus price target of $34.83.

Institutional Investors Weigh In On TreeHouse Foods

Hedge funds and other institutional investors have recently made changes to their positions in the stock. FMR LLC boosted its stake in TreeHouse Foods by 90.5% in the 4th quarter. FMR LLC now owns 5,219,543 shares of the company’s stock worth $183,363,000 after purchasing an additional 2,479,495 shares during the period. Sessa Capital IM L.P. lifted its holdings in shares of TreeHouse Foods by 121.9% in the fourth quarter. Sessa Capital IM L.P. now owns 3,242,483 shares of the company’s stock valued at $113,908,000 after purchasing an additional 1,781,179 shares in the last quarter. Rubric Capital Management LP acquired a new position in shares of TreeHouse Foods during the third quarter worth about $48,011,000. Raymond James Financial Inc. bought a new position in shares of TreeHouse Foods during the fourth quarter worth about $10,362,000. Finally, JPMorgan Chase & Co. raised its position in TreeHouse Foods by 187.6% in the 3rd quarter. JPMorgan Chase & Co. now owns 316,428 shares of the company’s stock valued at $13,284,000 after buying an additional 206,411 shares during the last quarter. 99.81% of the stock is currently owned by institutional investors and hedge funds.

TreeHouse Foods Price Performance

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 company has a 50 day simple moving average of $34.27 and a 200 day simple moving average of $37.14. The stock has a market cap of $1.55 billion, a P/E ratio of -64.43 and a beta of 0.22.

TreeHouse Foods (NYSE:THS) last posted its quarterly earnings data on Friday, February 14th. The company reported $0.95 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.97 by ($0.02). TreeHouse Foods had a negative net margin of 0.72% and a positive return on equity of 5.94%. The business had revenue of $905.70 million during the quarter, compared to analyst estimates of $907.71 million. During the same quarter last year, the business earned $0.77 earnings per share. TreeHouse Foods’s revenue for the quarter was down .5% on a year-over-year basis. Sell-side analysts forecast that TreeHouse Foods, Inc. will post 1.96 earnings per share for the current fiscal year.

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.