TreeHouse Foods (NYSE:THS) Lowered to “Sell” Rating by StockNews.com

StockNews.com cut shares of TreeHouse Foods (NYSE:THS) from a hold rating to a sell rating in a research report report published on Monday.

A number of other analysts also recently weighed in on the company. Truist Financial dropped their target price on TreeHouse Foods from $35.00 to $30.00 and set a “hold” rating for the company in a research report on Wednesday, November 13th. Stifel Nicolaus lowered 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. Consumer Edge downgraded TreeHouse Foods from an “overweight” rating to an “equal weight” rating in a research report on Friday, November 15th. Mizuho boosted their price objective on TreeHouse Foods from $37.00 to $40.00 and gave the company a “neutral” rating in a research report on Monday, August 26th. Finally, Barclays lowered their price objective on TreeHouse Foods from $39.00 to $32.00 and set an “equal weight” rating for the company in a research report on Wednesday, November 13th. One research analyst has rated the stock with a sell rating and six have assigned a hold rating to the stock. Based on data from MarketBeat, TreeHouse Foods currently has a consensus rating of “Hold” and an average target price of $34.20.

TreeHouse Foods Stock Performance

NYSE:THS opened at $34.67 on Monday. The business has a 50 day moving average of $38.28 and a 200 day moving average of $38.14. The company has a market capitalization of $1.78 billion, a price-to-earnings ratio of -73.77 and a beta of 0.23. TreeHouse Foods has a 1-year low of $28.04 and a 1-year 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 0.53.

TreeHouse Foods (NYSE:THS) last released its earnings results 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 the consensus estimate of $881.15 million. TreeHouse Foods had a positive return on equity of 5.94% and a negative net margin of 0.72%. The business’s quarterly revenue was down 1.0% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.57 EPS. On average, sell-side analysts predict that TreeHouse Foods will post 2.08 earnings per share for the current fiscal year.

Hedge Funds Weigh In On TreeHouse Foods

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Legato Capital Management LLC lifted its position in TreeHouse Foods by 38.1% in the 2nd quarter. Legato Capital Management LLC now owns 24,154 shares of the company’s stock valued at $885,000 after acquiring an additional 6,666 shares in the last quarter. TD Asset Management Inc lifted its position in TreeHouse Foods by 7.3% in the 2nd quarter. TD Asset Management Inc now owns 478,944 shares of the company’s stock valued at $17,549,000 after acquiring an additional 32,600 shares in the last quarter. Harbor Capital Advisors Inc. lifted its position in TreeHouse Foods by 68.2% in the 3rd quarter. Harbor Capital Advisors Inc. now owns 304,969 shares of the company’s stock valued at $12,803,000 after acquiring an additional 123,669 shares in the last quarter. Chartwell Investment Partners LLC bought a new position in TreeHouse Foods in the 3rd quarter valued at approximately $8,042,000. Finally, Shapiro Capital Management LLC lifted its position in TreeHouse Foods by 22.0% in the 2nd 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 in the last quarter. 99.81% of the stock is 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.