TreeHouse Foods (NYSE:THS) Cut to Sell at StockNews.com

StockNews.com cut shares of TreeHouse Foods (NYSE:THS) from a hold rating to a sell rating in a report released on Thursday.

Several other analysts have also weighed in on the company. Stifel Nicolaus lowered their price objective on TreeHouse Foods from $41.00 to $32.00 and set a “hold” rating for the company in a report on Wednesday, November 13th. Truist Financial lowered their price target on TreeHouse Foods from $35.00 to $30.00 and set a “hold” rating for the company in a report on Wednesday, November 13th. Consumer Edge cut TreeHouse Foods from an “overweight” rating to an “equal weight” rating in a research note on Friday, November 15th. Barclays lowered their target price on shares of TreeHouse Foods from $39.00 to $32.00 and set an “equal weight” rating for the company in a research note on Wednesday, November 13th. Finally, Mizuho raised 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. One equities research analyst has rated the stock with a sell rating and six have given a hold rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $34.20.

TreeHouse Foods Stock Performance

Shares of THS opened at $34.53 on Thursday. The firm has a market cap of $1.77 billion, a price-to-earnings ratio of -73.47 and a beta of 0.23. The company has a quick ratio of 0.53, a current ratio of 1.40 and a debt-to-equity ratio of 0.90. The business’s 50 day moving average is $36.54 and its two-hundred day moving average is $38.04. TreeHouse Foods has a 52-week low of $28.04 and a 52-week high of $43.84.

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). TreeHouse Foods had a positive return on equity of 5.94% and a negative net margin of 0.72%. The company had revenue of $854.40 million during the quarter, compared to the consensus estimate of $881.15 million. During the same quarter last year, the firm posted $0.57 EPS. The firm’s quarterly revenue was down 1.0% on a year-over-year basis. Analysts forecast that TreeHouse Foods will post 1.96 EPS for the current fiscal year.

Institutional Investors Weigh In On TreeHouse Foods

A number of hedge funds have recently added to or reduced their stakes in the stock. Barclays PLC increased its holdings in shares of TreeHouse Foods by 7.0% in the 3rd quarter. Barclays PLC now owns 337,657 shares of the company’s stock worth $14,175,000 after acquiring an additional 21,951 shares during the period. Dean Investment Associates LLC grew its position in TreeHouse Foods by 49.4% in the 3rd quarter. Dean Investment Associates LLC now owns 97,799 shares of the company’s stock worth $4,106,000 after purchasing an additional 32,336 shares during the last quarter. Jane Street Group LLC increased its stake in shares of TreeHouse Foods by 37.7% in the third quarter. Jane Street Group LLC now owns 124,173 shares of the company’s stock valued at $5,213,000 after purchasing an additional 33,978 shares during the period. HighTower Advisors LLC boosted its position in shares of TreeHouse Foods by 90.8% during the third quarter. HighTower Advisors LLC now owns 11,374 shares of the company’s stock worth $488,000 after buying an additional 5,413 shares during the period. Finally, Verition Fund Management LLC bought a new position in TreeHouse Foods in the 3rd quarter worth approximately $1,202,000. 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.