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 published on Monday morning.

THS has been the topic of several other research reports. Truist Financial decreased their target price on TreeHouse Foods from $35.00 to $30.00 and set a “hold” rating on the stock in a research note on Wednesday, November 13th. Consumer Edge cut TreeHouse Foods from an “overweight” rating to an “equal weight” rating in a report on Friday, November 15th. Barclays increased their target price on TreeHouse Foods from $32.00 to $35.00 and gave the company an “equal weight” rating in a research report on Friday, January 17th. 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 research note on Friday, January 24th. One equities research analyst has rated the stock with a sell rating and six have assigned a hold rating to the company. According to MarketBeat.com, TreeHouse Foods currently has an average rating of “Hold” and an average target price of $35.40.

TreeHouse Foods Trading Down 1.7 %

Shares of TreeHouse Foods stock opened at $32.95 on Monday. TreeHouse Foods has a 1-year low of $28.04 and a 1-year high of $43.84. The company’s fifty day simple moving average is $34.28 and its 200-day simple moving average is $37.28. The stock has a market capitalization of $1.69 billion, a PE ratio of -70.10 and a beta of 0.22. The company has a debt-to-equity ratio of 0.90, a current ratio of 1.40 and a quick ratio of 0.53.

TreeHouse Foods (NYSE:THS) last issued its quarterly earnings results on Tuesday, November 12th. The company reported $0.74 EPS for the quarter, missing analysts’ consensus estimates of $0.75 by ($0.01). The company had revenue of $854.40 million during the quarter, compared to analysts’ expectations of $881.15 million. TreeHouse Foods had a positive return on equity of 5.94% and a negative net margin of 0.72%. The business’s quarterly revenue was down 1.0% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.57 EPS. As a group, equities analysts anticipate that TreeHouse Foods will post 1.96 earnings per share for the current year.

Institutional Trading of TreeHouse Foods

A number of large investors have recently made changes to their positions in THS. Blue Trust Inc. grew its position in shares of TreeHouse Foods by 456.7% during the 4th quarter. Blue Trust Inc. now owns 1,119 shares of the company’s stock worth $39,000 after buying an additional 918 shares in the last quarter. Signaturefd LLC lifted its position in shares of TreeHouse Foods by 42.1% in the 3rd quarter. Signaturefd LLC now owns 999 shares of the company’s stock worth $42,000 after purchasing an additional 296 shares during the period. KBC Group NV raised its stake in TreeHouse Foods by 40.9% in the third quarter. KBC Group NV now owns 1,943 shares of the company’s stock worth $82,000 after buying an additional 564 shares in the last quarter. GAMMA Investing LLC boosted its position in TreeHouse Foods by 95.1% during the 3rd quarter. GAMMA Investing LLC now owns 2,519 shares of the company’s stock valued at $106,000 after acquiring an additional 1,228 shares in the last quarter. Finally, CIBC Private Wealth Group LLC lifted its stake in shares of TreeHouse Foods by 58.2% during the 4th quarter. CIBC Private Wealth Group LLC now owns 4,101 shares of the company’s stock worth $142,000 after purchasing an additional 1,508 shares during the last quarter. 99.81% of the stock is owned by hedge funds and other institutional investors.

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.