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

StockNews.com downgraded shares of TreeHouse Foods (NYSE:THS) from a hold rating to a sell rating in a report released on Wednesday morning.

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

TreeHouse Foods Stock Down 3.8 %

TreeHouse Foods stock opened at $33.03 on Wednesday. TreeHouse Foods has a twelve month low of $28.04 and a twelve month high of $43.84. The stock’s fifty day simple moving average is $37.56 and its 200-day simple moving average is $38.11. 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 $1.69 billion, a P/E ratio of -70.28 and a beta of 0.23.

TreeHouse Foods (NYSE:THS) last issued its earnings results on Tuesday, November 12th. The company reported $0.74 EPS for the quarter, missing analysts’ consensus estimates of $0.75 by ($0.01). The firm had revenue of $854.40 million for the quarter, compared to analyst estimates 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 revenue for the quarter was down 1.0% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.57 EPS. As a group, equities analysts expect that TreeHouse Foods will post 2.08 earnings per share for the current fiscal year.

Institutional Investors Weigh In On TreeHouse Foods

Several hedge funds have recently made changes to their positions in THS. Canada Pension Plan Investment Board purchased a new position in TreeHouse Foods during the second quarter worth about $37,000. Signaturefd LLC increased its holdings in TreeHouse Foods by 42.1% in the third quarter. Signaturefd LLC now owns 999 shares of the company’s stock valued at $42,000 after buying an additional 296 shares in the last quarter. Innealta Capital LLC purchased a new position in TreeHouse Foods in the second quarter valued at about $44,000. GAMMA Investing LLC increased its holdings in TreeHouse Foods by 304.7% in the second quarter. GAMMA Investing LLC now owns 1,291 shares of the company’s stock valued at $47,000 after buying an additional 972 shares in the last quarter. Finally, Rothschild Investment LLC purchased a new position in TreeHouse Foods in the second quarter valued at about $67,000. Institutional investors and hedge funds own 99.81% of the company’s stock.

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.