TreeHouse Foods (NYSE:THS) Stock Rating Lowered by William Blair

TreeHouse Foods (NYSE:THS) was downgraded by equities researchers at William Blair from an “outperform” rating to a “hold” rating in a report released on Tuesday, MarketBeat reports.

Other analysts have also recently issued reports about the stock. Barclays upped their price target on shares of TreeHouse Foods from $21.00 to $23.00 and gave the stock an “equal weight” rating in a research report on Tuesday. Mizuho lowered their price objective on TreeHouse Foods from $24.00 to $22.00 and set a “neutral” rating for the company in a report on Monday, July 28th. Zacks Research lowered shares of TreeHouse Foods from a “hold” rating to a “strong sell” rating in a research note on Friday, October 24th. Stifel Nicolaus increased their price objective on shares of TreeHouse Foods from $19.00 to $22.50 and gave the stock a “hold” rating in a report on Tuesday. Finally, Weiss Ratings reissued a “sell (d)” rating on shares of TreeHouse Foods in a report on Thursday, October 30th. Eight equities research analysts have rated the stock with a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat, TreeHouse Foods currently has an average rating of “Reduce” and an average price target of $24.25.

TreeHouse Foods Stock Performance

NYSE THS opened at $23.60 on Tuesday. The company has a debt-to-equity ratio of 1.18, a current ratio of 1.29 and a quick ratio of 0.38. The business has a 50 day moving average price of $18.95 and a 200 day moving average price of $20.11. TreeHouse Foods has a 1-year low of $15.85 and a 1-year high of $40.77. The company has a market capitalization of $1.19 billion, a P/E ratio of -4.92 and a beta of 0.25.

TreeHouse Foods (NYSE:THS) last announced its earnings results on Monday, November 10th. The company reported $0.43 EPS for the quarter, missing analysts’ consensus estimates of $0.53 by ($0.10). The company had revenue of $840.30 million for the quarter, compared to analyst estimates of $853.53 million. TreeHouse Foods had a negative net margin of 7.25% and a positive return on equity of 5.52%. TreeHouse Foods’s quarterly revenue was up .1% compared to the same quarter last year. During the same quarter last year, the company posted ($0.07) EPS. Sell-side analysts expect that TreeHouse Foods will post 1.94 EPS for the current fiscal year.

Hedge Funds Weigh In On TreeHouse Foods

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Pullen Investment Management LLC boosted its holdings in TreeHouse Foods by 82.2% during the second quarter. Pullen Investment Management LLC now owns 92,355 shares of the company’s stock worth $1,794,000 after purchasing an additional 41,680 shares during the last quarter. Phocas Financial Corp. lifted its holdings in TreeHouse Foods by 152.1% during the second quarter. Phocas Financial Corp. now owns 287,083 shares of the company’s stock valued at $5,575,000 after purchasing an additional 173,211 shares during the last quarter. Wealth Enhancement Advisory Services LLC purchased a new position in TreeHouse Foods in the 2nd quarter valued at approximately $263,000. Bryce Point Capital LLC purchased a new stake in TreeHouse Foods during the 2nd quarter worth about $676,000. Finally, Dynamic Technology Lab Private Ltd purchased a new stake in TreeHouse Foods in the 1st quarter worth approximately $1,025,000. 99.81% of the stock is currently owned by institutional investors.

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.