TreeHouse Foods (NYSE:THS) Rating Increased to Hold at StockNews.com

TreeHouse Foods (NYSE:THS) was upgraded by analysts at StockNews.com from a “sell” rating to a “hold” rating in a research report issued on Tuesday.

A number of other analysts also recently issued reports on THS. Consumer Edge downgraded shares of TreeHouse Foods from an “overweight” rating to an “equal weight” rating in a research report on Friday, November 15th. Stifel Nicolaus increased their price objective on shares of TreeHouse Foods from $32.00 to $35.00 and gave the stock a “hold” rating in a research report on Friday, January 24th. 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 note on Wednesday, November 13th. Finally, Barclays upped their price target on shares of TreeHouse Foods from $32.00 to $35.00 and gave the stock an “equal weight” rating in a research report on Friday, January 17th. Eight investment analysts have rated the stock with a hold rating, According to data from MarketBeat, TreeHouse Foods currently has an average rating of “Hold” and an average target price of $34.83.

TreeHouse Foods Stock Up 0.5 %

Shares of THS opened at $30.31 on Tuesday. TreeHouse Foods has a fifty-two week low of $28.04 and a fifty-two week high of $43.84. The company’s fifty day moving average is $34.13 and its two-hundred day moving average is $37.02. The firm has a market cap of $1.55 billion, a PE ratio of 56.12 and a beta of 0.22. The company has a quick ratio of 0.63, a current ratio of 1.36 and a debt-to-equity ratio of 0.90.

TreeHouse Foods (NYSE:THS) last issued its earnings results on Friday, February 14th. The company reported $0.95 earnings per share for the quarter, missing analysts’ consensus estimates of $0.97 by ($0.02). TreeHouse Foods had a net margin of 0.80% and a return on equity of 6.42%. The firm had revenue of $905.70 million during the quarter, compared to analyst estimates of $907.71 million. During the same quarter in the previous year, the business posted $0.77 EPS. TreeHouse Foods’s revenue was down .5% compared to the same quarter last year. Analysts forecast that TreeHouse Foods will post 2.45 earnings per share for the current year.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. FMR LLC grew its holdings in TreeHouse Foods by 90.5% during the 4th quarter. FMR LLC now owns 5,219,543 shares of the company’s stock valued at $183,363,000 after purchasing an additional 2,479,495 shares in the last quarter. Sessa Capital IM L.P. boosted its holdings in TreeHouse Foods by 121.9% in the fourth quarter. Sessa Capital IM L.P. now owns 3,242,483 shares of the company’s stock valued at $113,908,000 after purchasing an additional 1,781,179 shares during the last quarter. Rubric Capital Management LP purchased a new position in shares of TreeHouse Foods during the 3rd quarter valued at approximately $48,011,000. Raymond James Financial Inc. acquired a new position in TreeHouse Foods during the 4th quarter worth $10,362,000. Finally, JPMorgan Chase & Co. lifted its position in shares of TreeHouse Foods by 187.6% during the third quarter. JPMorgan Chase & Co. now owns 316,428 shares of the company’s stock worth $13,284,000 after purchasing an additional 206,411 shares during the last quarter. 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.