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

TreeHouse Foods (NYSE:THS) was downgraded by equities research analysts at StockNews.com from a “hold” rating to a “sell” rating in a note issued to investors on Wednesday.

Other research analysts have also issued research reports about the stock. Stifel Nicolaus reduced their price objective on shares of TreeHouse Foods from $38.00 to $36.00 and set a “hold” rating for the company in a research note on Tuesday. Barclays reduced their price target on TreeHouse Foods from $39.00 to $36.00 and set an “equal weight” rating on the stock in a research report on Wednesday. Truist Financial cut TreeHouse Foods from a “buy” rating to a “hold” rating and lowered their price objective for the stock from $45.00 to $35.00 in a research report on Tuesday, February 20th. Finally, TD Cowen dropped their target price on TreeHouse Foods from $38.00 to $37.00 and set a “hold” rating on the stock in a research note on Tuesday. One research analyst has rated the stock with a sell rating and five have assigned a hold rating to the company. According to MarketBeat, TreeHouse Foods presently has a consensus rating of “Hold” and an average target price of $42.67.

TreeHouse Foods Stock Down 2.0 %

NYSE THS traded down $0.72 during trading on Wednesday, reaching $34.79. 421,140 shares of the company’s stock traded hands, compared to its average volume of 538,979. TreeHouse Foods has a 12-month low of $33.28 and a 12-month high of $54.52. The company has a debt-to-equity ratio of 0.84, a current ratio of 1.50 and a quick ratio of 0.74. The firm has a market cap of $1.87 billion, a price-to-earnings ratio of 36.62 and a beta of 0.35. The company’s 50 day simple moving average is $37.01 and its two-hundred day simple moving average is $39.49.

TreeHouse Foods (NYSE:THS) last released its quarterly earnings data on Monday, May 6th. The company reported ($0.03) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.02) by ($0.01). The business had revenue of $820.70 million for the quarter, compared to the consensus estimate of $798.44 million. TreeHouse Foods had a net margin of 1.51% and a return on equity of 8.09%. TreeHouse Foods’s revenue for the quarter was down 3.9% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.68 earnings per share. As a group, sell-side analysts forecast that TreeHouse Foods will post 2.22 EPS for the current fiscal year.

Hedge Funds Weigh In On TreeHouse Foods

A number of institutional investors have recently bought and sold shares of THS. NBC Securities Inc. acquired a new stake in shares of TreeHouse Foods in the third quarter worth $37,000. GAMMA Investing LLC acquired a new stake in TreeHouse Foods during the 4th quarter worth about $52,000. Central Pacific Bank Trust Division purchased a new position in shares of TreeHouse Foods during the 1st quarter valued at about $48,000. TFO Wealth Partners LLC boosted its stake in shares of TreeHouse Foods by 78,600.0% in the fourth quarter. TFO Wealth Partners LLC now owns 2,361 shares of the company’s stock worth $98,000 after buying an additional 2,358 shares during the last quarter. Finally, Quadrant Capital Group LLC grew its holdings in TreeHouse Foods by 62.2% during the fourth quarter. Quadrant Capital Group LLC now owns 2,469 shares of the company’s stock worth $102,000 after acquiring an additional 947 shares during the period. 99.81% of the stock is owned by hedge funds and other institutional investors.

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.