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

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

Other equities analysts also recently issued reports about the stock. Consumer Edge downgraded shares of TreeHouse Foods from an “overweight” rating to an “equal weight” rating in a research note on Friday, November 15th. Stifel Nicolaus decreased their target price on TreeHouse Foods from $41.00 to $32.00 and set a “hold” rating for the company in a research report on Wednesday, November 13th. Truist Financial dropped their price target on TreeHouse Foods from $35.00 to $30.00 and set a “hold” rating on the stock in a research report on Wednesday, November 13th. Finally, Barclays increased their price objective on TreeHouse Foods from $32.00 to $35.00 and gave the stock an “equal weight” rating in a report on Friday, January 17th. Seven equities research analysts have rated the stock with a hold rating, According to data from MarketBeat, TreeHouse Foods currently has a consensus rating of “Hold” and a consensus target price of $34.80.

TreeHouse Foods Stock Performance

THS opened at $34.22 on Thursday. TreeHouse Foods has a one year low of $28.04 and a one year high of $43.84. The business has a 50 day simple moving average of $34.30 and a two-hundred day simple moving average of $37.64. 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 released its quarterly 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). The company had revenue of $854.40 million during 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 quarter last year, the firm earned $0.57 EPS. As a group, equities research analysts anticipate that TreeHouse Foods will post 1.96 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Canada Pension Plan Investment Board purchased a new stake in shares of TreeHouse Foods in the second quarter worth $37,000. Blue Trust Inc. boosted its stake in TreeHouse Foods by 456.7% in the 4th quarter. Blue Trust Inc. now owns 1,119 shares of the company’s stock worth $39,000 after purchasing an additional 918 shares in the last quarter. Signaturefd LLC grew its position in TreeHouse Foods by 42.1% during the 3rd quarter. Signaturefd LLC now owns 999 shares of the company’s stock valued at $42,000 after purchasing an additional 296 shares during the last quarter. KBC Group NV increased its stake in TreeHouse Foods by 40.9% during the 3rd quarter. KBC Group NV now owns 1,943 shares of the company’s stock valued at $82,000 after purchasing an additional 564 shares in the last quarter. Finally, GAMMA Investing LLC increased its stake in TreeHouse Foods by 95.1% during the 3rd quarter. GAMMA Investing LLC now owns 2,519 shares of the company’s stock valued at $106,000 after purchasing an additional 1,228 shares in the last quarter. 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.