StockNews.com Upgrades TreeHouse Foods (NYSE:THS) to “Hold”

by · The Markets Daily

StockNews.com upgraded shares of TreeHouse Foods (NYSE:THS – Free Report) from a sell rating to a hold rating in a research report sent to investors on Monday morning.

A number of other equities research analysts have also recently weighed in on the company. Consumer Edge cut TreeHouse Foods from an “overweight” rating to an “equal weight” rating in a research note on Friday, November 15th. Stifel Nicolaus lowered their target price 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. Barclays lowered their target price on 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, Truist Financial lowered their target price on TreeHouse Foods from $35.00 to $30.00 and set a “hold” rating for the company in a research note on Wednesday, November 13th. Seven equities research analysts have rated the stock with a hold rating, Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $34.20.

Get Our Latest Report on THS

TreeHouse Foods Price Performance

NYSE:THS opened at $34.60 on Monday. TreeHouse Foods has a 52 week low of $28.04 and a 52 week high of $43.84. 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 company has a market capitalization of $1.77 billion, a P/E ratio of -73.62 and a beta of 0.22. The stock’s fifty day moving average is $34.67 and its two-hundred day moving average is $37.85.

TreeHouse Foods (NYSE:THS – Get Free Report) last issued its quarterly earnings data on Tuesday, November 12th. The company reported $0.74 earnings per share 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 period in the previous year, the firm posted $0.57 earnings per share. The company’s quarterly revenue was down 1.0% compared to the same quarter last year. Equities analysts expect that TreeHouse Foods will post 1.96 EPS for the current year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in THS. Natixis Advisors LLC lifted its holdings in shares of TreeHouse Foods by 7.8% in the 2nd quarter. Natixis Advisors LLC now owns 82,748 shares of the company’s stock valued at $3,032,000 after purchasing an additional 5,997 shares during the last quarter. TD Asset Management Inc lifted its holdings in shares of TreeHouse Foods by 7.3% in the 2nd quarter. TD Asset Management Inc now owns 478,944 shares of the company’s stock valued at $17,549,000 after purchasing an additional 32,600 shares during the last quarter. Quest Partners LLC lifted its holdings in shares of TreeHouse Foods by 173.1% in the 2nd quarter. Quest Partners LLC now owns 3,387 shares of the company’s stock valued at $124,000 after purchasing an additional 2,147 shares during the last quarter. TradeLink Capital LLC purchased a new stake in shares of TreeHouse Foods in the 2nd quarter valued at about $581,000. Finally, Keene & Associates Inc. purchased a new stake in shares of TreeHouse Foods in the 2nd quarter valued at about $384,000. 99.81% of the stock is owned by institutional investors and hedge funds.

TreeHouse Foods Company Profile

(Get Free Report)

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.

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