TreeHouse Foods (NYSE:THS) Upgraded at StockNews.com

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

THS has been the topic of a number of other reports. Consumer Edge cut TreeHouse Foods from an “overweight” rating to an “equal weight” rating in a research note on Friday, November 15th. Barclays lifted their price objective on TreeHouse Foods from $32.00 to $35.00 and gave the stock an “equal weight” rating in a research report on Friday, January 17th. Truist Financial cut their target price on shares of TreeHouse Foods from $35.00 to $30.00 and set a “hold” rating on the stock in a research report on Wednesday, November 13th. Finally, Stifel Nicolaus lowered their price target on shares of TreeHouse Foods from $41.00 to $32.00 and set a “hold” rating for the company in a research report on Wednesday, November 13th. Seven research analysts have rated the stock with a hold rating, Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $35.40.

TreeHouse Foods Price Performance

Shares of THS opened at $34.82 on Thursday. TreeHouse Foods has a 12 month low of $28.04 and a 12 month high of $43.84. The company has a market cap of $1.78 billion, a P/E ratio of -74.09 and a beta of 0.22. 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 stock has a fifty day moving average price of $34.35 and a 200 day moving average price of $37.63.

TreeHouse Foods (NYSE:THS) last posted its quarterly earnings data on Tuesday, November 12th. The company reported $0.74 earnings per share for the quarter, missing the consensus estimate 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 company 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 business posted $0.57 EPS. The company’s revenue was down 1.0% compared to the same quarter last year. On average, research analysts forecast that TreeHouse Foods will post 1.96 earnings per share for the current year.

Hedge Funds Weigh In On TreeHouse Foods

Hedge funds have recently made changes to their positions in the business. Signaturefd LLC boosted its holdings in TreeHouse Foods by 42.1% during the third quarter. Signaturefd LLC now owns 999 shares of the company’s stock worth $42,000 after purchasing an additional 296 shares during the last quarter. Canada Pension Plan Investment Board acquired a new position in shares of TreeHouse Foods during the 2nd quarter worth about $37,000. Blue Trust Inc. grew its holdings in shares of TreeHouse Foods by 456.7% in the 4th quarter. Blue Trust Inc. now owns 1,119 shares of the company’s stock valued at $39,000 after acquiring an additional 918 shares in the last quarter. KBC Group NV increased its position in shares of TreeHouse Foods by 40.9% in the third quarter. KBC Group NV now owns 1,943 shares of the company’s stock valued at $82,000 after acquiring an additional 564 shares during the last quarter. Finally, GAMMA Investing LLC raised its holdings in TreeHouse Foods by 95.1% during the third quarter. GAMMA Investing LLC now owns 2,519 shares of the company’s stock worth $106,000 after acquiring an additional 1,228 shares in the last quarter. 99.81% of the stock is 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.