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

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

A number of other equities analysts have also commented on the company. Barclays lowered their price objective on TreeHouse Foods from $39.00 to $32.00 and set an “equal weight” rating on the stock in a research note on Wednesday, November 13th. Mizuho boosted their price target on TreeHouse Foods from $37.00 to $40.00 and gave the company a “neutral” rating in a research note on Monday, August 26th. StockNews.com upgraded shares of TreeHouse Foods from a “sell” rating to a “hold” rating in a research note on Tuesday, August 6th. Stifel Nicolaus dropped their target price on shares of TreeHouse Foods from $41.00 to $32.00 and set a “hold” rating for the company in a research report on Wednesday, November 13th. Finally, Truist Financial reduced their price target on shares of TreeHouse Foods from $35.00 to $30.00 and set a “hold” rating on the stock in a research report on Wednesday, November 13th. Seven investment 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 Trading Up 1.0 %

Shares of TreeHouse Foods stock opened at $32.72 on Friday. 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 50-day moving average of $39.32 and a 200-day moving average of $38.18. TreeHouse Foods has a 52-week low of $28.04 and a 52-week high of $43.84. The stock has a market cap of $1.68 billion, a PE ratio of -69.62 and a beta of 0.23.

TreeHouse Foods (NYSE:THS) last posted its quarterly earnings data on Tuesday, November 12th. The company reported $0.74 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.75 by ($0.01). TreeHouse Foods had a negative net margin of 0.72% and a positive return on equity of 5.94%. The business had revenue of $854.40 million during the quarter, compared to the consensus estimate of $881.15 million. During the same period in the prior year, the firm earned $0.57 EPS. The business’s revenue for the quarter was down 1.0% on a year-over-year basis. As a group, sell-side analysts forecast that TreeHouse Foods will post 2.15 EPS for the current year.

Insider Activity

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

Hedge Funds Weigh In On TreeHouse Foods

Institutional investors and hedge funds have recently bought and sold shares of the company. Canada Pension Plan Investment Board bought a new stake in shares of TreeHouse Foods during the second quarter worth about $37,000. Signaturefd LLC grew its holdings in TreeHouse Foods by 42.1% during the 3rd quarter. Signaturefd LLC now owns 999 shares of the company’s stock worth $42,000 after acquiring an additional 296 shares during the last quarter. Innealta Capital LLC acquired a new position in TreeHouse Foods in the 2nd quarter valued at approximately $44,000. GAMMA Investing LLC raised its stake in shares of TreeHouse Foods by 304.7% during the second quarter. GAMMA Investing LLC now owns 1,291 shares of the company’s stock valued at $47,000 after acquiring an additional 972 shares during the last quarter. Finally, Rothschild Investment LLC acquired a new position in shares of TreeHouse Foods during the second quarter worth $67,000. Institutional investors and hedge funds 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.