TreeHouse Foods (NYSE:THS) Raised to “Hold” 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 Monday.

THS has been the subject of several other research reports. Consumer Edge lowered shares of TreeHouse Foods from an “overweight” rating to an “equal weight” rating in a research report on Friday, November 15th. Truist Financial cut their target price on TreeHouse Foods from $35.00 to $30.00 and set a “hold” rating for the company in a research report on Wednesday, November 13th. Barclays decreased their price target on TreeHouse Foods from $39.00 to $32.00 and set an “equal weight” rating on the stock in a research note on Wednesday, November 13th. Finally, Stifel Nicolaus dropped their price objective on TreeHouse Foods from $41.00 to $32.00 and set a “hold” rating for the company in a research note on Wednesday, November 13th. Seven investment analysts have rated the stock with a hold rating, According to data from MarketBeat.com, TreeHouse Foods currently has an average rating of “Hold” and a consensus target price of $34.20.

TreeHouse Foods Stock Performance

THS traded down $1.03 on Monday, hitting $34.19. 601,367 shares of the stock traded hands, compared to its average volume of 451,822. The business has a fifty day moving average price of $34.76 and a two-hundred day moving average price of $37.89. The company has a current ratio of 1.40, a quick ratio of 0.53 and a debt-to-equity ratio of 0.90. The firm has a market capitalization of $1.75 billion, a PE ratio of -72.74 and a beta of 0.22. 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 earnings results on Tuesday, November 12th. The company reported $0.74 EPS for the quarter, missing analysts’ consensus estimates of $0.75 by ($0.01). TreeHouse Foods had a negative net margin of 0.72% and a positive return on equity of 5.94%. The firm had revenue of $854.40 million during the quarter, compared to analyst estimates of $881.15 million. During the same quarter in the previous year, the company posted $0.57 earnings per share. The business’s revenue for the quarter was down 1.0% compared to the same quarter last year. On average, research analysts predict that TreeHouse Foods will post 1.96 EPS for the current fiscal year.

Hedge Funds Weigh In On TreeHouse Foods

Institutional investors have recently bought and sold shares of the business. Canada Pension Plan Investment Board bought a new stake in shares of TreeHouse Foods during the second quarter worth $37,000. Signaturefd LLC grew its holdings in TreeHouse Foods by 42.1% during the 3rd quarter. Signaturefd LLC now owns 999 shares of the company’s stock worth $42,000 after acquiring an additional 296 shares during the last quarter. KBC Group NV grew its holdings in TreeHouse Foods by 40.9% during the 3rd quarter. KBC Group NV now owns 1,943 shares of the company’s stock worth $82,000 after acquiring an additional 564 shares during the last quarter. GAMMA Investing LLC increased its position in TreeHouse Foods by 95.1% in the 3rd quarter. GAMMA Investing LLC now owns 2,519 shares of the company’s stock valued at $106,000 after acquiring an additional 1,228 shares in the last quarter. Finally, Quest Partners LLC raised its stake in shares of TreeHouse Foods by 173.1% in the second quarter. Quest Partners LLC now owns 3,387 shares of the company’s stock worth $124,000 after acquiring an additional 2,147 shares during the last quarter. Institutional investors own 99.81% of the company’s stock.

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.