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

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

Other equities analysts have also issued research reports about the company. Consumer Edge lowered TreeHouse Foods from an “overweight” rating to an “equal weight” rating in a research note on Friday, November 15th. Stifel Nicolaus dropped their price objective on TreeHouse Foods from $41.00 to $32.00 and set a “hold” rating for the company in a report on Wednesday, November 13th. Truist Financial dropped 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. Barclays dropped their price objective on TreeHouse Foods from $39.00 to $32.00 and set an “equal weight” rating for the company in a report on Wednesday, November 13th. Finally, Mizuho upped their price objective on TreeHouse Foods from $37.00 to $40.00 and gave the company a “neutral” rating in a report on Monday, August 26th. One research analyst has rated the stock with a sell rating and six have assigned a hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $34.20.

TreeHouse Foods Trading Down 2.2 %

Shares of THS opened at $34.67 on Monday. The company has a quick ratio of 0.53, a current ratio of 1.40 and a debt-to-equity ratio of 0.90. TreeHouse Foods has a 12-month low of $28.04 and a 12-month high of $43.84. The firm has a market capitalization of $1.78 billion, a PE ratio of -75.36 and a beta of 0.23. The stock’s fifty day simple moving average is $38.44 and its 200-day simple moving average is $38.16.

TreeHouse Foods (NYSE:THS) last issued its quarterly 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 negative net margin of 0.72% and a positive return on equity of 5.94%. The firm had revenue of $854.40 million for the quarter, compared to analyst estimates of $881.15 million. During the same period last year, the company earned $0.57 EPS. The company’s revenue was down 1.0% compared to the same quarter last year. As a group, research analysts predict that TreeHouse Foods will post 2.08 earnings per share for the current year.

Institutional Investors Weigh In On TreeHouse Foods

Several large investors have recently modified their holdings of the business. FMR LLC increased its holdings in shares of TreeHouse Foods by 28.1% in the third quarter. FMR LLC now owns 2,740,048 shares of the company’s stock worth $115,027,000 after acquiring an additional 600,723 shares in the last quarter. Shapiro Capital Management LLC increased its holdings 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 worth $58,163,000 after acquiring an additional 286,770 shares in the last quarter. New South Capital Management Inc. increased its holdings 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 worth $50,217,000 after acquiring an additional 250,399 shares in the last quarter. Rubric Capital Management LP bought a new position in shares of TreeHouse Foods during the third quarter worth about $48,011,000. Finally, Charles Schwab Investment Management Inc. grew its holdings in shares of TreeHouse Foods by 1.7% during the third quarter. Charles Schwab Investment Management Inc. now owns 868,451 shares of the company’s stock worth $36,458,000 after buying an additional 14,297 shares in the last quarter. 99.81% of the stock is currently 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.