TreeHouse Foods (NYSE:THS) Downgraded to “Sell” Rating by StockNews.com

StockNews.com cut shares of TreeHouse Foods (NYSE:THS) from a hold rating to a sell rating in a research report report published on Wednesday morning.

THS has been the topic of several other research reports. Stifel Nicolaus reduced their target price on shares of TreeHouse Foods from $41.00 to $32.00 and set a “hold” rating on the stock in a research note on Wednesday, November 13th. Barclays reduced their price objective on shares of TreeHouse Foods from $39.00 to $32.00 and set an “equal weight” rating on the stock in a research report on Wednesday, November 13th. Truist Financial dropped their target price on TreeHouse Foods from $35.00 to $30.00 and set a “hold” rating for the company in a research report on Wednesday, November 13th. Finally, Consumer Edge downgraded TreeHouse Foods from an “overweight” rating to an “equal weight” rating in a report on Friday, November 15th. One equities research analyst has rated the stock with a sell rating and six have given a hold rating to the stock. According to data from MarketBeat, TreeHouse Foods currently has a consensus rating of “Hold” and a consensus target price of $34.20.

TreeHouse Foods Trading Down 0.9 %

THS opened at $33.54 on Wednesday. TreeHouse Foods has a 12 month low of $28.04 and a 12 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. The stock has a 50-day moving average of $34.33 and a 200 day moving average of $37.75.

TreeHouse Foods (NYSE:THS) last released its earnings results on Tuesday, November 12th. The company reported $0.74 earnings per share for the quarter, missing the consensus estimate of $0.75 by ($0.01). TreeHouse Foods had a negative net margin of 0.72% and a positive return on equity of 5.94%. The company had revenue of $854.40 million for the quarter, compared to the consensus estimate of $881.15 million. During the same period in the prior year, the firm posted $0.57 EPS. The business’s revenue for the quarter was down 1.0% compared to the same quarter last year. On average, sell-side analysts expect that TreeHouse Foods will post 1.96 earnings per share for the current fiscal year.

Hedge Funds Weigh In On TreeHouse Foods

A number of institutional investors have recently modified their holdings of THS. FMR LLC boosted its holdings in shares of TreeHouse Foods by 28.1% in the third quarter. FMR LLC now owns 2,740,048 shares of the company’s stock valued at $115,027,000 after purchasing an additional 600,723 shares during the period. Shapiro Capital Management LLC lifted its holdings in shares of TreeHouse Foods by 22.0% in the 2nd quarter. Shapiro Capital Management LLC now owns 1,587,415 shares of the company’s stock worth $58,163,000 after buying an additional 286,770 shares during the period. Rubric Capital Management LP bought a new position in shares of TreeHouse Foods during the 3rd quarter worth $48,011,000. Charles Schwab Investment Management Inc. increased its stake in shares of TreeHouse Foods by 1.7% during the third quarter. Charles Schwab Investment Management Inc. now owns 868,451 shares of the company’s stock valued at $36,458,000 after buying an additional 14,297 shares during the period. Finally, Armistice Capital LLC raised its holdings in shares of TreeHouse Foods by 12.2% in the second quarter. Armistice Capital LLC now owns 783,000 shares of the company’s stock valued at $28,689,000 after acquiring an additional 85,000 shares in 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.