TreeHouse Foods (NYSE:THS) Trading Down 5.8% Following Analyst Downgrade

TreeHouse Foods, Inc. (NYSE:THS - Get Free Report) shares dropped 5.8% on Tuesday after Jefferies Financial Group lowered their price target on the stock from $37.00 to $31.00. Jefferies Financial Group currently has a hold rating on the stock. TreeHouse Foods traded as low as $31.41 and last traded at $31.14. Approximately 153,141 shares were traded during mid-day trading, a decline of 74% from the average daily volume of 596,648 shares. The stock had previously closed at $33.06.

Other research analysts also recently issued reports about the stock. Truist Financial decreased their price target on shares of TreeHouse Foods from $35.00 to $30.00 and set a "hold" rating on the stock in a research note on Wednesday, November 13th. Barclays lifted their price target on shares of TreeHouse Foods from $35.00 to $36.00 and gave the stock an "equal weight" rating in a research note on Tuesday. StockNews.com raised shares of TreeHouse Foods from a "sell" rating to a "hold" rating in a research note on Tuesday. Consumer Edge downgraded shares of TreeHouse Foods from an "overweight" rating to an "equal weight" rating in a research note on Friday, November 15th. Finally, Stifel Nicolaus lifted 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. Eight research analysts have rated the stock with a hold rating, According to MarketBeat.com, TreeHouse Foods currently has an average rating of "Hold" and a consensus price target of $34.83.

Institutional Trading of TreeHouse Foods

Several large investors have recently added to or reduced their stakes in THS. Blue Trust Inc. boosted its holdings in TreeHouse Foods by 456.7% in the fourth quarter. Blue Trust Inc. now owns 1,119 shares of the company's stock valued at $39,000 after acquiring an additional 918 shares in the last quarter. Signaturefd LLC boosted its holdings in TreeHouse Foods by 42.1% in the third quarter. Signaturefd LLC now owns 999 shares of the company's stock valued at $42,000 after acquiring an additional 296 shares in the last quarter. KBC Group NV boosted its holdings in TreeHouse Foods by 40.9% in the third quarter. KBC Group NV now owns 1,943 shares of the company's stock valued at $82,000 after acquiring an additional 564 shares in the last quarter. Sterling Capital Management LLC boosted its holdings in TreeHouse Foods by 134.4% in the fourth quarter. Sterling Capital Management LLC now owns 2,374 shares of the company's stock valued at $83,000 after acquiring an additional 1,361 shares in the last quarter. Finally, CIBC Private Wealth Group LLC boosted its holdings in TreeHouse Foods by 58.2% in the fourth quarter. CIBC Private Wealth Group LLC now owns 4,101 shares of the company's stock valued at $142,000 after acquiring an additional 1,508 shares in the last quarter. Institutional investors own 99.81% of the company's stock.

TreeHouse Foods Trading Up 0.1 %

The firm has a market cap of $1.53 billion, a P/E ratio of 56.58 and a beta of 0.22. The company has a quick ratio of 0.63, a current ratio of 1.36 and a debt-to-equity ratio of 0.90. The firm's fifty day moving average is $33.98 and its two-hundred day moving average is $36.93.

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

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.