TreeHouse Foods (NYSE:THS) Trading Down 2.7% – Here’s What Happened

TreeHouse Foods, Inc. (NYSE:THS)’s share price was down 2.7% on Wednesday . The stock traded as low as $26.24 and last traded at $26.26. Approximately 83,705 shares were traded during trading, a decline of 88% from the average daily volume of 672,886 shares. The stock had previously closed at $26.99.

Analyst Upgrades and Downgrades

THS has been the topic of a number of research analyst reports. Barclays increased their target price on TreeHouse Foods from $35.00 to $36.00 and gave the company an “equal weight” rating in a research note on Tuesday, February 18th. Jefferies Financial Group dropped their target price on TreeHouse Foods from $37.00 to $31.00 and set a “hold” rating for the company in a report on Tuesday, February 18th. StockNews.com upgraded shares of TreeHouse Foods from a “sell” rating to a “hold” rating in a report on Tuesday, February 18th. Finally, Stifel Nicolaus upped their price target on shares of TreeHouse Foods from $32.00 to $35.00 and gave the company a “hold” rating in a report on Friday, January 24th. Eight research analysts have rated the stock with a hold rating, According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $34.83.

TreeHouse Foods Stock Performance

The firm has a market capitalization of $1.31 billion, a P/E ratio of 48.46 and a beta of 0.15. The company has a debt-to-equity ratio of 0.90, a quick ratio of 0.63 and a current ratio of 1.36. The company has a 50-day simple moving average of $31.00 and a two-hundred day simple moving average of $34.73.

TreeHouse Foods (NYSE:THS) last announced its earnings results on Friday, February 14th. The company reported $0.95 EPS for the quarter, missing analysts’ consensus estimates of $0.97 by ($0.02). The business had revenue of $905.70 million for the quarter, compared to the consensus estimate of $907.71 million. TreeHouse Foods had a net margin of 0.80% and a return on equity of 6.42%. The business’s quarterly revenue was down .5% on a year-over-year basis. During the same quarter last year, the firm posted $0.77 EPS. As a group, equities analysts forecast that TreeHouse Foods, Inc. will post 1.94 EPS for the current year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Blue Trust Inc. grew its stake in shares of TreeHouse Foods by 456.7% in the fourth quarter. Blue Trust Inc. now owns 1,119 shares of the company’s stock worth $39,000 after acquiring an additional 918 shares during the last quarter. Sterling Capital Management LLC increased its stake in TreeHouse Foods by 134.4% during the 4th quarter. Sterling Capital Management LLC now owns 2,374 shares of the company’s stock valued at $83,000 after purchasing an additional 1,361 shares in the last quarter. KBC Group NV raised its holdings in TreeHouse Foods by 45.1% in the fourth quarter. KBC Group NV now owns 2,820 shares of the company’s stock worth $99,000 after buying an additional 877 shares during the last quarter. CIBC Private Wealth Group LLC raised its holdings in TreeHouse Foods by 58.2% in the fourth quarter. CIBC Private Wealth Group LLC now owns 4,101 shares of the company’s stock worth $142,000 after buying an additional 1,508 shares during the last quarter. Finally, Legacy Wealth Asset Management LLC purchased a new stake in shares of TreeHouse Foods during the fourth quarter valued at approximately $216,000. Institutional investors own 99.81% of the company’s stock.

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.