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

TreeHouse Foods (NYSE:THS) was downgraded by equities researchers at StockNews.com from a “hold” rating to a “sell” rating in a note issued to investors on Wednesday.

THS has been the subject of several other reports. Truist Financial lowered their target price 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. Barclays lowered their price objective on TreeHouse Foods from $39.00 to $32.00 and set an “equal weight” rating for the company in a research report on Wednesday, November 13th. Stifel Nicolaus reduced their target price on TreeHouse Foods from $41.00 to $32.00 and set a “hold” rating on the stock in a research report on Wednesday, November 13th. Finally, Consumer Edge lowered TreeHouse Foods from an “overweight” rating to an “equal weight” rating in a research note on Friday, November 15th. One investment analyst has rated the stock with a sell rating and six have assigned a hold rating to the company’s stock. According to MarketBeat.com, TreeHouse Foods presently has a consensus rating of “Hold” and a consensus target price of $34.20.

TreeHouse Foods Price Performance

TreeHouse Foods stock traded down $0.31 during midday trading on Wednesday, reaching $33.54. The company’s stock had a trading volume of 305,458 shares, compared to its average volume of 525,651. The company has a debt-to-equity ratio of 0.90, a quick ratio of 0.53 and a current ratio of 1.40. TreeHouse Foods has a fifty-two week low of $28.04 and a fifty-two week high of $43.84. The firm has a market capitalization of $1.72 billion, a PE ratio of -71.36 and a beta of 0.22. The stock’s 50 day simple moving average is $34.42 and its 200 day simple moving average is $37.77.

TreeHouse Foods (NYSE:THS) last released 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 positive return on equity of 5.94% and a negative net margin of 0.72%. 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 firm earned $0.57 EPS. The company’s quarterly revenue was down 1.0% compared to the same quarter last year. On average, equities research analysts forecast that TreeHouse Foods will post 1.96 earnings per share for the current year.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the company. Rubric Capital Management LP purchased a new stake in TreeHouse Foods during the third quarter valued at about $48,011,000. FMR LLC lifted its stake in shares of TreeHouse Foods by 28.1% in the 3rd quarter. FMR LLC now owns 2,740,048 shares of the company’s stock valued at $115,027,000 after purchasing 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 worth $58,163,000 after purchasing an additional 286,770 shares during the period. JPMorgan Chase & Co. increased its position in TreeHouse Foods by 187.6% during the 3rd quarter. JPMorgan Chase & Co. now owns 316,428 shares of the company’s stock worth $13,284,000 after purchasing an additional 206,411 shares in the last quarter. Finally, Chartwell Investment Partners LLC purchased a new position in TreeHouse Foods in the third quarter valued at approximately $8,042,000. 99.81% of the stock is 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.