TreeHouse Foods (NYSE:THS) Stock Rating Lowered by Consumer Edge

Consumer Edge downgraded shares of TreeHouse Foods (NYSE:THS) from an overweight rating to an equal weight rating in a research report released on Friday morning, MarketBeat Ratings reports.

Other equities research analysts have also issued reports about the company. Truist Financial cut their price objective on TreeHouse Foods from $35.00 to $30.00 and set a “hold” rating on the stock in a research report on Wednesday. Stifel Nicolaus cut their price target on shares of TreeHouse Foods from $41.00 to $32.00 and set a “hold” rating on the stock in a report on Wednesday. Mizuho upped their price objective on shares of TreeHouse Foods from $37.00 to $40.00 and gave the stock a “neutral” rating in a report on Monday, August 26th. Barclays cut their target price 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. Finally, StockNews.com raised shares of TreeHouse Foods from a “sell” rating to a “hold” rating in a research note on Tuesday, August 6th. Seven equities research analysts have rated the stock with a hold rating, According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $34.20.

TreeHouse Foods Trading Down 2.6 %

Shares of NYSE THS traded down $0.87 during mid-day trading on Friday, hitting $32.41. The stock had a trading volume of 1,229,852 shares, compared to its average volume of 520,771. The business has a 50 day moving average price of $39.50 and a two-hundred day moving average price of $38.21. TreeHouse Foods has a 1 year low of $28.04 and a 1 year high of $43.84. The company has a debt-to-equity ratio of 0.90, a quick ratio of 0.52 and a current ratio of 1.40. The firm has a market cap of $1.66 billion, a P/E ratio of -68.93 and a beta of 0.23.

TreeHouse Foods (NYSE:THS) last issued its quarterly earnings data on Tuesday, November 12th. The company reported $0.74 EPS for the quarter, missing the consensus estimate of $0.75 by ($0.01). The firm had revenue of $854.40 million for the quarter, compared to the consensus estimate of $881.15 million. TreeHouse Foods had a negative net margin of 0.72% and a positive return on equity of 5.94%. The business’s revenue was down 1.0% on a year-over-year basis. During the same period last year, the company posted $0.57 earnings per share. On average, equities analysts anticipate that TreeHouse Foods will post 2.34 EPS for the current fiscal year.

Insider Buying and Selling

In other TreeHouse Foods news, EVP Kristy N. Waterman sold 3,000 shares of TreeHouse Foods stock in a transaction on Monday, August 26th. The stock was sold at an average price of $42.34, for a total transaction of $127,020.00. Following the completion of the transaction, the executive vice president now owns 20,784 shares in the company, valued at approximately $879,994.56. The trade was a 12.61 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.90% of the stock is owned by company insiders.

Hedge Funds Weigh In On TreeHouse Foods

Several institutional investors and hedge funds have recently modified their holdings of the stock. Capital Research Global Investors grew its position in TreeHouse Foods by 52.6% during the 1st quarter. Capital Research Global Investors now owns 950,372 shares of the company’s stock valued at $37,017,000 after purchasing an additional 327,448 shares during the last quarter. Legato Capital Management LLC grew its holdings in shares of TreeHouse Foods by 38.1% during the second quarter. Legato Capital Management LLC now owns 24,154 shares of the company’s stock valued at $885,000 after buying an additional 6,666 shares during the last quarter. TD Asset Management Inc grew its holdings in shares of TreeHouse Foods by 7.3% during the second quarter. TD Asset Management Inc now owns 478,944 shares of the company’s stock valued at $17,549,000 after buying an additional 32,600 shares during the last quarter. Harbor Capital Advisors Inc. increased its position in shares of TreeHouse Foods by 68.2% during the third quarter. Harbor Capital Advisors Inc. now owns 304,969 shares of the company’s stock valued at $12,803,000 after acquiring an additional 123,669 shares in the last quarter. Finally, Shapiro Capital Management LLC raised its holdings in 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 acquiring an additional 286,770 shares during the last quarter. 99.81% of the stock is currently owned by 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.