TreeHouse Foods (NYSE:THS) Upgraded to Hold at StockNews.com

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

A number of other brokerages have also issued reports on THS. Stifel Nicolaus decreased their target price on shares of 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 cut shares of TreeHouse Foods from an “overweight” rating to an “equal weight” rating in a report on Friday, November 15th. Barclays dropped their target price on TreeHouse Foods from $39.00 to $32.00 and set an “equal weight” rating on the stock in a report on Wednesday, November 13th. Finally, Truist Financial decreased their price target on TreeHouse Foods from $35.00 to $30.00 and set a “hold” rating for the company in a research note on Wednesday, November 13th. Seven equities research analysts have rated the stock with a hold rating, Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $34.20.

TreeHouse Foods Stock Performance

THS opened at $34.19 on Monday. TreeHouse Foods has a twelve month low of $28.04 and a twelve month high of $43.84. The stock has a market cap of $1.75 billion, a PE ratio of -72.74 and a beta of 0.22. The business’s 50 day moving average is $34.76 and its 200-day moving average is $37.89. The company has a current ratio of 1.40, a quick ratio of 0.53 and a debt-to-equity ratio of 0.90.

TreeHouse Foods (NYSE:THS) last announced its earnings results on Tuesday, November 12th. The company reported $0.74 earnings per share 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 business had revenue of $854.40 million for the quarter, compared to the consensus estimate of $881.15 million. During the same period in the previous year, the firm earned $0.57 EPS. The firm’s revenue was down 1.0% on a year-over-year basis. On average, analysts predict that TreeHouse Foods will post 1.96 earnings per share for the current year.

Institutional Trading of TreeHouse Foods

A number of hedge funds and other institutional investors have recently made changes to their positions in THS. Canada Pension Plan Investment Board acquired a new position in TreeHouse Foods in the second quarter worth approximately $37,000. Signaturefd LLC grew its holdings in shares of TreeHouse Foods by 42.1% in the 3rd quarter. Signaturefd LLC now owns 999 shares of the company’s stock worth $42,000 after acquiring an additional 296 shares during the last quarter. KBC Group NV raised its position in shares of TreeHouse Foods by 40.9% during the third quarter. KBC Group NV now owns 1,943 shares of the company’s stock worth $82,000 after purchasing an additional 564 shares during the period. GAMMA Investing LLC raised its position in shares of TreeHouse Foods by 95.1% during the third quarter. GAMMA Investing LLC now owns 2,519 shares of the company’s stock worth $106,000 after purchasing an additional 1,228 shares during the period. Finally, Quest Partners LLC lifted its holdings in shares of TreeHouse Foods by 173.1% during the second quarter. Quest Partners LLC now owns 3,387 shares of the company’s stock valued at $124,000 after purchasing an additional 2,147 shares during 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.