TreeHouse Foods (NYSE:THS) Raised to “Hold” at StockNews.com

TreeHouse Foods (NYSE:THS) was upgraded by research analysts at StockNews.com from a “sell” rating to a “hold” rating in a report released on Tuesday.

THS has been the subject of several other reports. Barclays raised their target price on shares of TreeHouse Foods from $32.00 to $35.00 and gave the company an “equal weight” rating in a report on Friday, January 17th. Consumer Edge lowered shares of TreeHouse Foods from an “overweight” rating to an “equal weight” rating in a research report on Friday, November 15th. Truist Financial cut their price objective 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, Stifel Nicolaus upped their target price on TreeHouse Foods from $32.00 to $35.00 and gave the company a “hold” rating in a research note on Friday, January 24th. Eight analysts have rated the stock with a hold rating, According to data from MarketBeat, TreeHouse Foods presently has an average rating of “Hold” and a consensus target price of $34.83.

TreeHouse Foods Price Performance

Shares of NYSE:THS opened at $30.31 on Tuesday. The firm has a market capitalization of $1.55 billion, a price-to-earnings ratio of 56.12 and a beta of 0.22. The company has a debt-to-equity ratio of 0.90, a current ratio of 1.36 and a quick ratio of 0.63. The business’s 50 day simple moving average is $34.13 and its 200-day simple moving average is $37.02. TreeHouse Foods has a 12 month low of $28.04 and a 12 month high of $43.84.

TreeHouse Foods (NYSE:THS) last posted its earnings results on Friday, February 14th. The company reported $0.95 earnings per share for the quarter, missing the consensus estimate of $0.97 by ($0.02). TreeHouse Foods had a net margin of 0.80% and a return on equity of 6.42%. The firm had revenue of $905.70 million during the quarter, compared to analyst estimates of $907.71 million. During the same period last year, the company posted $0.77 EPS. The firm’s revenue for the quarter was down .5% on a year-over-year basis. As a group, equities analysts forecast that TreeHouse Foods will post 2.45 earnings per share for the current fiscal year.

Institutional Trading of TreeHouse Foods

A number of hedge funds have recently bought and sold shares of THS. Blue Trust Inc. raised its holdings in TreeHouse Foods by 456.7% in the 4th quarter. Blue Trust Inc. now owns 1,119 shares of the company’s stock valued at $39,000 after acquiring an additional 918 shares during the last quarter. Signaturefd LLC boosted its holdings in shares of TreeHouse Foods by 42.1% during the third quarter. Signaturefd LLC now owns 999 shares of the company’s stock worth $42,000 after purchasing an additional 296 shares during the last quarter. KBC Group NV boosted its holdings in shares of 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 purchasing an additional 564 shares during the last quarter. Sterling Capital Management LLC grew its position in shares of TreeHouse Foods by 134.4% in the fourth quarter. Sterling Capital Management LLC now owns 2,374 shares of the company’s stock valued at $83,000 after purchasing an additional 1,361 shares during the period. Finally, CIBC Private Wealth Group LLC increased its stake in TreeHouse Foods by 58.2% in the fourth quarter. CIBC Private Wealth Group LLC now owns 4,101 shares of the company’s stock valued at $142,000 after purchasing an additional 1,508 shares during the last quarter. Institutional investors and hedge funds 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.