TreeHouse Foods (NYSE:THS) Downgraded by Consumer Edge to Equal Weight

TreeHouse Foods (NYSE:THS) was downgraded by analysts at Consumer Edge from an “overweight” rating to an “equal weight” rating in a report released on Friday, Marketbeat reports.

A number of other equities analysts also recently commented on the company. Stifel Nicolaus decreased their price target on TreeHouse Foods from $41.00 to $32.00 and set a “hold” rating for the company in a research note on Wednesday. StockNews.com upgraded TreeHouse Foods from a “sell” rating to a “hold” rating in a report on Tuesday, August 6th. Truist Financial reduced their price objective on TreeHouse Foods from $35.00 to $30.00 and set a “hold” rating on the stock in a research note on Wednesday. Mizuho boosted their target price on shares of TreeHouse Foods from $37.00 to $40.00 and gave the company a “neutral” rating in a research note on Monday, August 26th. Finally, Barclays dropped their target price on shares of TreeHouse Foods from $39.00 to $32.00 and set an “equal weight” rating on the stock in a report on Wednesday. Seven research analysts have rated the stock with a hold rating, According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $34.20.

TreeHouse Foods Price Performance

THS stock opened at $32.41 on Friday. The stock’s 50 day moving average is $39.50 and its two-hundred day moving average is $38.22. TreeHouse Foods has a 52-week low of $28.04 and a 52-week high of $43.84. The company has a debt-to-equity ratio of 0.90, a quick ratio of 0.52 and a current ratio of 1.40.

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 analysts’ consensus estimates of $0.75 by ($0.01). The company had revenue of $854.40 million during the quarter, compared to the consensus estimate of $881.15 million. TreeHouse Foods had a positive return on equity of 5.94% and a negative net margin of 0.72%. The firm’s quarterly revenue was down 1.0% on a year-over-year basis. During the same quarter last year, the firm posted $0.57 EPS. On average, analysts predict that TreeHouse Foods will post 2.15 EPS for the current fiscal year.

Insiders Place Their Bets

In other TreeHouse Foods news, EVP Kristy N. Waterman sold 3,000 shares of the firm’s stock in a transaction that occurred on Monday, August 26th. The shares were sold at an average price of $42.34, for a total value of $127,020.00. Following the sale, the executive vice president now owns 20,784 shares in the company, valued at approximately $879,994.56. This trade represents a 12.61 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.90% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On TreeHouse Foods

Hedge funds and other institutional investors have recently made changes to their positions in the business. Rubric Capital Management LP bought a new position in TreeHouse Foods in the 3rd 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 worth $115,027,000 after acquiring an additional 600,723 shares during the period. Capital Research Global Investors boosted its holdings in shares of TreeHouse Foods by 52.6% in the first quarter. Capital Research Global Investors now owns 950,372 shares of the company’s stock valued at $37,017,000 after acquiring an additional 327,448 shares in the last quarter. Shapiro Capital Management LLC increased its stake in shares of TreeHouse Foods by 22.0% during the second 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 during the period. Finally, New South Capital Management Inc. increased its stake in shares of TreeHouse Foods by 22.4% during the second 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 during the period. 99.81% of the stock is currently 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.