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

TreeHouse Foods (NYSE:THS) was upgraded by research analysts at StockNews.com from a “sell” rating to a “hold” rating in a research report issued on Tuesday.

Several other analysts have also recently commented on THS. Stifel Nicolaus raised their target price on TreeHouse Foods from $36.00 to $41.00 and gave the stock a “hold” rating in a research report on Tuesday. Mizuho started coverage on shares of TreeHouse Foods in a research report on Thursday, June 6th. They issued a “neutral” rating and a $37.00 price target for the company. Barclays boosted their price objective on shares of TreeHouse Foods from $36.00 to $39.00 and gave the company an “equal weight” rating in a research report on Tuesday. Finally, TD Cowen dropped their price objective on shares of TreeHouse Foods from $38.00 to $37.00 and set a “hold” rating on the stock in a research note on Tuesday, May 7th. Seven research analysts have rated the stock with a hold rating, According to MarketBeat, the company currently has an average rating of “Hold” and an average price target of $39.50.

TreeHouse Foods Trading Down 2.7 %

THS stock traded down $1.04 during mid-day trading on Tuesday, reaching $37.29. 898,614 shares of the stock traded hands, compared to its average volume of 510,282. TreeHouse Foods has a 52-week low of $33.28 and a 52-week high of $53.00. The stock’s fifty day moving average is $37.16 and its 200-day moving average is $37.57. The company has a market cap of $1.96 billion, a P/E ratio of 81.07 and a beta of 0.24. The company has a current ratio of 1.52, a quick ratio of 0.66 and a debt-to-equity ratio of 0.87.

TreeHouse Foods (NYSE:THS) last issued its quarterly earnings results on Monday, August 5th. The company reported $0.29 EPS for the quarter, beating the consensus estimate of $0.13 by $0.16. TreeHouse Foods had a net margin of 0.76% and a return on equity of 5.81%. The business had revenue of $788.50 million during the quarter, compared to the consensus estimate of $784.10 million. During the same quarter in the prior year, the firm earned $0.42 EPS. The firm’s quarterly revenue was down 1.9% on a year-over-year basis. As a group, sell-side analysts expect that TreeHouse Foods will post 2.26 earnings per share for the current year.

Insider Buying and Selling

In related news, SVP Stephen Alan Landry sold 3,723 shares of TreeHouse Foods stock in a transaction that occurred on Monday, May 13th. The shares were sold at an average price of $34.99, for a total transaction of $130,267.77. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.90% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Pullen Investment Management LLC boosted its stake in TreeHouse Foods by 2.0% in the 2nd quarter. Pullen Investment Management LLC now owns 21,186 shares of the company’s stock worth $776,000 after purchasing an additional 408 shares during the period. Texas Permanent School Fund Corp raised its stake in shares of TreeHouse Foods by 1.3% during the 1st quarter. Texas Permanent School Fund Corp now owns 44,042 shares of the company’s stock worth $1,715,000 after purchasing an additional 570 shares in the last quarter. ProShare Advisors LLC boosted its holdings in shares of TreeHouse Foods by 6.0% in the 1st quarter. ProShare Advisors LLC now owns 10,227 shares of the company’s stock valued at $398,000 after buying an additional 579 shares during the last quarter. Wedge Capital Management L L P NC grew its stake in shares of TreeHouse Foods by 2.3% in the second quarter. Wedge Capital Management L L P NC now owns 36,945 shares of the company’s stock valued at $1,354,000 after buying an additional 846 shares in the last quarter. Finally, Quadrant Capital Group LLC increased its holdings in TreeHouse Foods by 62.2% during the fourth quarter. Quadrant Capital Group LLC now owns 2,469 shares of the company’s stock worth $102,000 after buying an additional 947 shares during the last quarter. 99.81% of the stock is owned by institutional investors and hedge funds.

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.