William Blair Reaffirms Market Perform Rating for TreeHouse Foods (NYSE:THS)

TreeHouse Foods (NYSE:THS)‘s stock had its “market perform” rating restated by William Blair in a report released on Tuesday,Benzinga reports.

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

TreeHouse Foods Stock Performance

Shares of THS stock opened at $23.60 on Tuesday. The firm has a market capitalization of $1.19 billion, a PE ratio of -4.92 and a beta of 0.25. The firm has a fifty day simple moving average of $18.95 and a two-hundred day simple moving average of $20.11. The company has a current ratio of 1.29, a quick ratio of 0.38 and a debt-to-equity ratio of 1.18. TreeHouse Foods has a 12 month low of $15.85 and a 12 month high of $40.77.

TreeHouse Foods (NYSE:THS) last released its quarterly earnings data on Monday, November 10th. The company reported $0.43 earnings per share for the quarter, missing analysts’ consensus estimates of $0.53 by ($0.10). The business had revenue of $840.30 million during the quarter, compared to the consensus estimate of $853.53 million. TreeHouse Foods had a negative net margin of 7.25% and a positive return on equity of 5.52%. The firm’s quarterly revenue was up .1% on a year-over-year basis. During the same period last year, the business posted ($0.07) earnings per share. Analysts forecast that TreeHouse Foods will post 1.94 EPS for the current fiscal year.

Institutional Trading of TreeHouse Foods

Large investors have recently added to or reduced their stakes in the stock. Gabelli Funds LLC lifted its stake in TreeHouse Foods by 216.7% in the third quarter. Gabelli Funds LLC now owns 38,000 shares of the company’s stock valued at $768,000 after purchasing an additional 26,000 shares during the last quarter. Aster Capital Management DIFC Ltd purchased a new stake in TreeHouse Foods in the third quarter worth $46,000. Handelsbanken Fonder AB raised its stake in shares of TreeHouse Foods by 54.0% in the third quarter. Handelsbanken Fonder AB now owns 17,109 shares of the company’s stock valued at $346,000 after buying an additional 6,000 shares during the period. Fox Run Management L.L.C. purchased a new position in shares of TreeHouse Foods during the 3rd quarter valued at $383,000. Finally, Counterpoint Mutual Funds LLC purchased a new position in shares of TreeHouse Foods during the 3rd quarter valued at $3,311,000. 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.