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

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

Other research analysts have also issued research reports about the stock. Consumer Edge lowered shares of TreeHouse Foods from an “overweight” rating to an “equal weight” rating in a research report on Friday, November 15th. Barclays decreased their price target on shares of TreeHouse Foods from $39.00 to $32.00 and set an “equal weight” rating on the stock in a research report on Wednesday, November 13th. Mizuho lifted their price target on shares of TreeHouse Foods from $37.00 to $40.00 and gave the stock a “neutral” rating in a research report on Monday, August 26th. 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, 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. One investment analyst has rated the stock with a sell rating and six have given a hold rating to the company. According to MarketBeat.com, TreeHouse Foods currently has an average rating of “Hold” and an average target price of $34.20.

TreeHouse Foods Price Performance

Shares of NYSE THS traded down $0.52 during mid-day trading on Monday, reaching $35.03. 566,870 shares of the company traded hands, compared to its average volume of 523,096. TreeHouse Foods has a fifty-two week low of $28.04 and a fifty-two week 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. The firm has a market cap of $1.79 billion, a PE ratio of -74.53 and a beta of 0.23. The stock has a fifty day simple moving average of $38.76 and a 200-day simple moving average of $38.16.

TreeHouse Foods (NYSE:THS) last posted its quarterly earnings data on Tuesday, November 12th. The company reported $0.74 EPS for the quarter, missing analysts’ consensus estimates of $0.75 by ($0.01). The company had revenue of $854.40 million for the quarter, compared to analyst estimates of $881.15 million. TreeHouse Foods had a negative net margin of 0.72% and a positive return on equity of 5.94%. TreeHouse Foods’s revenue was down 1.0% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.57 EPS. Equities research analysts anticipate that TreeHouse Foods will post 2.08 EPS for the current fiscal year.

Hedge Funds Weigh In On TreeHouse Foods

Several institutional investors and hedge funds have recently modified their holdings of the stock. FMR LLC grew its holdings in shares of TreeHouse Foods by 28.1% during the 3rd quarter. FMR LLC now owns 2,740,048 shares of the company’s stock valued at $115,027,000 after acquiring an additional 600,723 shares in the last quarter. Shapiro Capital Management LLC grew its holdings in shares of TreeHouse Foods by 22.0% during 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. New South Capital Management Inc. grew its holdings in shares of TreeHouse Foods by 22.4% during the 2nd quarter. New South Capital Management Inc. now owns 1,370,548 shares of the company’s stock valued at $50,217,000 after acquiring an additional 250,399 shares in the last quarter. Rubric Capital Management LP purchased a new position in shares of TreeHouse Foods during the 3rd quarter valued at $48,011,000. Finally, Charles Schwab Investment Management Inc. grew its position in TreeHouse Foods by 1.7% in the third quarter. Charles Schwab Investment Management Inc. now owns 868,451 shares of the company’s stock worth $36,458,000 after acquiring an additional 14,297 shares in the last quarter. 99.81% of the stock is currently owned by hedge funds and other institutional investors.

TreeHouse Foods Company Profile

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.