TreeHouse Foods (NYSE:THS) Stock Price Down 2.7% - Here's What Happened

TreeHouse Foods, Inc. (NYSE:THS - Get Free Report) traded down 2.7% during trading on Wednesday . The company traded as low as $26.24 and last traded at $26.26. 83,705 shares were traded during trading, a decline of 88% from the average session volume of 672,886 shares. The stock had previously closed at $26.99.

Analyst Ratings Changes

THS has been the subject of a number of analyst reports. StockNews.com raised shares of TreeHouse Foods from a "sell" rating to a "hold" rating in a research note on Tuesday, February 18th. Jefferies Financial Group cut their price target on TreeHouse Foods from $37.00 to $31.00 and set a "hold" rating for the company in a research note on Tuesday, February 18th. Stifel Nicolaus boosted their price objective on TreeHouse Foods from $32.00 to $35.00 and gave the company a "hold" rating in a research report on Friday, January 24th. Finally, Barclays lifted their target price on TreeHouse Foods from $35.00 to $36.00 and gave the company an "equal weight" rating in a research note on Tuesday, February 18th. Eight research analysts have rated the stock with a hold rating, According to data from MarketBeat.com, the company has an average rating of "Hold" and an average price target of $34.83.

TreeHouse Foods Stock Performance

The company has a market capitalization of $1.22 billion, a P/E ratio of 44.97 and a beta of 0.40. The business has a 50 day moving average of $30.52 and a 200 day moving average of $34.37. The company has a quick ratio of 0.63, a current ratio of 1.36 and a debt-to-equity ratio of 0.90.

TreeHouse Foods (NYSE:THS - Get Free Report) last posted its earnings results on Friday, February 14th. The company reported $0.95 earnings per share for the quarter, missing analysts' consensus estimates of $0.97 by ($0.02). TreeHouse Foods had a net margin of 0.80% and a return on equity of 6.42%. The business had revenue of $905.70 million during the quarter, compared to analysts' expectations of $907.71 million. During the same period last year, the business posted $0.77 earnings per share. The company's revenue for the quarter was down .5% compared to the same quarter last year. On average, sell-side analysts predict that TreeHouse Foods, Inc. will post 1.94 earnings per share for the current year.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the business. Hsbc Holdings PLC increased its stake in TreeHouse Foods by 4.5% during the fourth quarter. Hsbc Holdings PLC now owns 9,024 shares of the company's stock worth $317,000 after acquiring an additional 385 shares during the last quarter. Comerica Bank boosted its holdings in shares of TreeHouse Foods by 1.5% in the 4th quarter. Comerica Bank now owns 28,207 shares of the company's stock worth $991,000 after purchasing an additional 407 shares during the period. BNP Paribas Financial Markets increased its position in shares of TreeHouse Foods by 4.7% during the 3rd quarter. BNP Paribas Financial Markets now owns 10,657 shares of the company's stock valued at $447,000 after purchasing an additional 481 shares during the last quarter. Bank of Montreal Can raised its holdings in TreeHouse Foods by 9.6% during the 4th quarter. Bank of Montreal Can now owns 7,740 shares of the company's stock valued at $272,000 after buying an additional 681 shares during the period. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in TreeHouse Foods by 2.7% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 26,838 shares of the company's stock worth $943,000 after buying an additional 696 shares during 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.