TreeHouse Foods (NYSE:THS) Trading Down 5.7% – Should You Sell?

TreeHouse Foods, Inc. (NYSE:THS)’s share price was down 5.7% during mid-day trading on Wednesday . The company traded as low as $28.89 and last traded at $28.85. Approximately 83,224 shares changed hands during mid-day trading, a decline of 84% from the average daily volume of 536,726 shares. The stock had previously closed at $30.59.

Analysts Set New Price Targets

A number of brokerages have commented on THS. Jefferies Financial Group dropped their price objective on shares of TreeHouse Foods from $37.00 to $31.00 and set a “hold” rating on the stock in a research report on Tuesday, February 18th. Consumer Edge lowered TreeHouse Foods from an “overweight” rating to an “equal weight” rating in a report on Friday, November 15th. Truist Financial decreased their price target on TreeHouse Foods from $35.00 to $30.00 and set a “hold” rating for the company in a report on Wednesday, November 13th. StockNews.com upgraded TreeHouse Foods from a “sell” rating to a “hold” rating in a report on Tuesday, February 18th. Finally, Barclays raised their target price on TreeHouse Foods from $35.00 to $36.00 and gave the stock an “equal weight” rating in a research report on Tuesday, February 18th. Eight analysts have rated the stock with a hold rating, Based on data from MarketBeat.com, TreeHouse Foods currently has an average rating of “Hold” and an average target price of $34.83.

TreeHouse Foods Stock Down 6.8 %

The stock has a market cap of $1.43 billion, a PE ratio of 52.99 and a beta of 0.15. The business has a 50 day moving average of $33.19 and a 200-day moving average of $36.23. The company has a current ratio of 1.36, a quick ratio of 0.63 and a debt-to-equity ratio of 0.90.

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 during the quarter, compared to analyst estimates of $907.71 million. TreeHouse Foods had a net margin of 0.80% and a return on equity of 6.42%. The business’s revenue was down .5% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.77 earnings per share. Equities research analysts predict that TreeHouse Foods, Inc. will post 1.94 EPS for the current fiscal year.

Hedge Funds Weigh In On TreeHouse Foods

Large investors have recently bought and sold shares of the company. US Bancorp DE lifted its position in TreeHouse Foods by 4,581.2% in the third quarter. US Bancorp DE now owns 12,218 shares of the company’s stock valued at $513,000 after purchasing an additional 11,957 shares during the period. Verdence Capital Advisors LLC boosted its stake in shares of TreeHouse Foods by 5.8% in the third quarter. Verdence Capital Advisors LLC now owns 9,074 shares of the company’s stock valued at $381,000 after buying an additional 499 shares in the last quarter. Chartwell Investment Partners LLC acquired a new position in TreeHouse Foods during the third quarter worth $8,042,000. Oppenheimer Asset Management Inc. purchased a new position in TreeHouse Foods in the third quarter worth $218,000. Finally, KBC Group NV lifted its holdings in TreeHouse Foods by 40.9% in the third quarter. KBC Group NV now owns 1,943 shares of the company’s stock valued at $82,000 after acquiring an additional 564 shares during the period. Hedge funds and other 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.