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 research note released on Wednesday.

THS has been the subject of a number of other reports. Stifel Nicolaus decreased their price objective on TreeHouse Foods from $41.00 to $32.00 and set a “hold” rating for the company in a research report on Wednesday, November 13th. Mizuho increased their price target on TreeHouse Foods from $37.00 to $40.00 and gave the stock a “neutral” rating in a report on Monday, August 26th. Consumer Edge cut shares of TreeHouse Foods from an “overweight” rating to an “equal weight” rating in a research note on Friday, November 15th. Truist Financial reduced their target price on shares of TreeHouse Foods from $35.00 to $30.00 and set a “hold” rating for the company in a research note on Wednesday, November 13th. Finally, Barclays dropped their price target on shares of 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. One equities research analyst has rated the stock with a sell rating and six have assigned a hold rating to the company. According to data from MarketBeat, TreeHouse Foods has an average rating of “Hold” and an average price target of $34.20.

TreeHouse Foods Price Performance

THS stock opened at $33.38 on Wednesday. The business has a 50 day simple moving average of $37.22 and a 200-day simple moving average of $38.06. The company has a market capitalization of $1.71 billion, a P/E ratio of -71.02 and a beta of 0.23. TreeHouse Foods has a twelve month low of $28.04 and a twelve month high of $43.84. The company has a current ratio of 1.40, a quick ratio of 0.53 and a debt-to-equity ratio of 0.90.

TreeHouse Foods (NYSE:THS) last issued its quarterly earnings data on Tuesday, November 12th. The company reported $0.74 earnings per share (EPS) for the quarter, missing the consensus estimate 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 business had revenue of $854.40 million for the quarter, compared to analysts’ expectations of $881.15 million. During the same period in the previous year, the business posted $0.57 earnings per share. The company’s revenue for the quarter was down 1.0% on a year-over-year basis. As a group, equities analysts anticipate that TreeHouse Foods will post 2.08 EPS for the current year.

Hedge Funds Weigh In On TreeHouse Foods

Institutional investors and hedge funds have recently made changes to their positions in the stock. Rubric Capital Management LP purchased a new stake in TreeHouse Foods during the third quarter worth about $48,011,000. FMR LLC boosted its stake in shares of TreeHouse Foods by 28.1% during the 3rd quarter. FMR LLC now owns 2,740,048 shares of the company’s stock worth $115,027,000 after acquiring an additional 600,723 shares in the last quarter. Shapiro Capital Management LLC boosted its stake in shares of TreeHouse Foods by 22.0% during the 2nd quarter. Shapiro Capital Management LLC now owns 1,587,415 shares of the company’s stock worth $58,163,000 after acquiring an additional 286,770 shares in the last quarter. New South Capital Management Inc. grew its holdings in shares of TreeHouse Foods by 22.4% in the 2nd quarter. New South Capital Management Inc. now owns 1,370,548 shares of the company’s stock worth $50,217,000 after acquiring an additional 250,399 shares during the period. Finally, Chartwell Investment Partners LLC purchased a new position in TreeHouse Foods in the 3rd quarter valued at approximately $8,042,000. 99.81% of the stock is owned by institutional investors and hedge funds.

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.