TreeHouse Foods (NYSE:THS) Upgraded at StockNews.com

StockNews.com upgraded shares of TreeHouse Foods (NYSE:THS) from a sell rating to a hold rating in a research note issued to investors on Monday.

Several other analysts have also commented on the company. Consumer Edge lowered TreeHouse Foods from an “overweight” rating to an “equal weight” rating in a report on Friday, November 15th. Truist Financial dropped their price objective on TreeHouse Foods from $35.00 to $30.00 and set a “hold” rating on the stock in a report on Wednesday, November 13th. Barclays dropped their price objective on TreeHouse Foods from $39.00 to $32.00 and set an “equal weight” rating on the stock in a report on Wednesday, November 13th. Finally, Stifel Nicolaus lowered their price target on TreeHouse Foods from $41.00 to $32.00 and set a “hold” rating on the stock in a research note on Wednesday, November 13th. Seven research analysts have rated the stock with a hold rating, According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $34.20.

TreeHouse Foods Stock Up 0.8 %

TreeHouse Foods stock opened at $34.60 on Monday. The firm has a market cap of $1.77 billion, a price-to-earnings ratio of -73.62 and a beta of 0.22. TreeHouse Foods has a 52 week low of $28.04 and a 52 week high of $43.84. The business’s 50-day moving average price is $34.67 and its 200 day moving average price is $37.85. The company has a quick ratio of 0.53, a current ratio of 1.40 and a debt-to-equity ratio of 0.90.

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

Hedge Funds Weigh In On TreeHouse Foods

Institutional investors have recently added to or reduced their stakes in the stock. Canada Pension Plan Investment Board purchased a new position in TreeHouse Foods during the second quarter worth approximately $37,000. Signaturefd LLC lifted its position in TreeHouse Foods by 42.1% during the third quarter. Signaturefd LLC now owns 999 shares of the company’s stock worth $42,000 after buying an additional 296 shares in the last quarter. KBC Group NV lifted its position in TreeHouse Foods by 40.9% during 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 lifted its position in TreeHouse Foods by 95.1% during the third quarter. GAMMA Investing LLC now owns 2,519 shares of the company’s stock worth $106,000 after buying an additional 1,228 shares in the last quarter. Finally, Quest Partners LLC raised its position in TreeHouse Foods by 173.1% in the second quarter. Quest Partners LLC now owns 3,387 shares of the company’s stock valued at $124,000 after purchasing an additional 2,147 shares during the period. Hedge funds and other institutional investors own 99.81% of the company’s stock.

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.