TreeHouse Foods (NYSE:THS) Upgraded at StockNews.com

StockNews.com upgraded shares of TreeHouse Foods (NYSE:THS) from a sell rating to a hold rating in a research note issued to investors on Tuesday.

Several other equities research analysts also recently weighed in on the company. Truist Financial decreased their price objective on TreeHouse Foods from $35.00 to $30.00 and set a “hold” rating for the company in a report on Wednesday, November 13th. Stifel Nicolaus increased their target price on shares of TreeHouse Foods from $32.00 to $35.00 and gave the stock a “hold” rating in a research note on Friday, January 24th. Consumer Edge cut TreeHouse Foods from an “overweight” rating to an “equal weight” rating in a research report on Friday, November 15th. 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 research report on Friday, January 17th. Eight research analysts have rated the stock with a hold rating, According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $34.83.

TreeHouse Foods Stock Up 0.5 %

THS stock opened at $30.55 on Tuesday. TreeHouse Foods has a fifty-two week low of $28.04 and a fifty-two week high of $43.84. The company’s 50 day moving average price is $34.06 and its 200 day moving average price is $36.98. The firm has a market capitalization of $1.53 billion, a price-to-earnings ratio of 56.57 and a beta of 0.22. The company has a debt-to-equity ratio of 0.90, a quick ratio of 0.63 and a current ratio of 1.36.

TreeHouse Foods (NYSE:THS) last issued its earnings results on Friday, February 14th. The company reported $0.95 earnings per share (EPS) 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 company had revenue of $905.70 million during the quarter, compared to analyst estimates of $907.71 million. During the same quarter in the previous year, the company posted $0.77 EPS. The company’s quarterly revenue was down .5% on a year-over-year basis. On average, equities research analysts anticipate that TreeHouse Foods will post 2.45 EPS for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the company. Jane Street Group LLC boosted its stake in shares of TreeHouse Foods by 37.7% during the 3rd quarter. Jane Street Group LLC now owns 124,173 shares of the company’s stock worth $5,213,000 after purchasing an additional 33,978 shares during the last quarter. JPMorgan Chase & Co. grew its stake in shares of TreeHouse Foods by 187.6% during the third quarter. JPMorgan Chase & Co. now owns 316,428 shares of the company’s stock valued at $13,284,000 after acquiring an additional 206,411 shares in the last quarter. Entropy Technologies LP acquired a new position in shares of TreeHouse Foods in the 4th quarter valued at approximately $333,000. Chartwell Investment Partners LLC acquired a new position in TreeHouse Foods during the 3rd quarter worth $8,042,000. Finally, Harbor Capital Advisors Inc. raised its stake in TreeHouse Foods by 68.2% during the third quarter. Harbor Capital Advisors Inc. now owns 304,969 shares of the company’s stock valued at $12,803,000 after buying an additional 123,669 shares in the last quarter. Hedge funds and other 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.