TreeHouse Foods (NYSE:THS) Stock Rating Lowered by StockNews.com

TreeHouse Foods (NYSE:THS - Get Free Report) was downgraded by stock analysts at StockNews.com from a "hold" rating to a "sell" rating in a research report issued on Wednesday.

A number of other equities analysts have also recently issued reports on THS. Stifel Nicolaus decreased their price objective on shares of TreeHouse Foods from $41.00 to $32.00 and set a "hold" rating on the stock in a research report on Wednesday, November 13th. Truist Financial decreased their price objective 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. Barclays decreased their price objective on shares of TreeHouse Foods from $39.00 to $32.00 and set an "equal weight" rating on the stock in a research report on Wednesday, November 13th. Consumer Edge cut shares of TreeHouse Foods from an "overweight" rating to an "equal weight" rating in a research report on Friday, November 15th. Finally, Mizuho lifted their target price on shares of TreeHouse Foods from $37.00 to $40.00 and gave the company a "neutral" rating in a research note on Monday, August 26th. One investment analyst has rated the stock with a sell rating and six have issued a hold rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and an average target price of $34.20.

TreeHouse Foods Stock Performance

Shares of TreeHouse Foods stock traded down $1.32 on Wednesday, hitting $33.03. 594,444 shares of the company traded hands, compared to its average volume of 524,065. The firm's 50-day simple moving average is $37.72 and its 200 day simple moving average is $38.14. The company has a debt-to-equity ratio of 0.90, a quick ratio of 0.53 and a current ratio of 1.40. TreeHouse Foods has a 12-month low of $28.04 and a 12-month high of $43.84.

TreeHouse Foods (NYSE:THS - Get Free Report) last issued its earnings results on Tuesday, November 12th. The company reported $0.74 EPS for the quarter, missing analysts' consensus estimates of $0.75 by ($0.01). The business had revenue of $854.40 million during the quarter, compared to analysts' expectations of $881.15 million. TreeHouse Foods had a positive return on equity of 5.94% and a negative net margin of 0.72%. TreeHouse Foods's revenue for the quarter was down 1.0% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.57 EPS. On average, analysts expect that TreeHouse Foods will post 2.08 EPS for the current year.

Institutional Investors Weigh In On TreeHouse Foods

Several hedge funds have recently bought and sold shares of THS. Signaturefd LLC lifted its stake in shares of TreeHouse Foods by 42.1% in the third quarter. Signaturefd LLC now owns 999 shares of the company's stock worth $42,000 after buying an additional 296 shares in the last quarter. Pullen Investment Management LLC lifted its stake in shares of TreeHouse Foods by 2.0% in the second quarter. Pullen Investment Management LLC now owns 21,186 shares of the company's stock worth $776,000 after buying an additional 408 shares in the last quarter. BNP Paribas Financial Markets lifted its stake in shares of TreeHouse Foods by 4.7% in the third quarter. BNP Paribas Financial Markets now owns 10,657 shares of the company's stock worth $447,000 after buying an additional 481 shares in the last quarter. Verdence Capital Advisors LLC lifted its stake in shares of TreeHouse Foods by 5.8% in the third quarter. Verdence Capital Advisors LLC now owns 9,074 shares of the company's stock worth $381,000 after buying an additional 499 shares in the last quarter. Finally, KBC Group NV lifted its stake in shares of TreeHouse Foods by 40.9% in the third quarter. KBC Group NV now owns 1,943 shares of the company's stock worth $82,000 after buying an additional 564 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.