StockNews.com Upgrades TreeHouse Foods (NYSE:THS) to Hold

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

Several other equities research analysts have also weighed in on the stock. Consumer Edge lowered shares of TreeHouse Foods from an "overweight" rating to an "equal weight" rating in a research note on Friday, November 15th. Truist Financial dropped their price target on TreeHouse Foods from $35.00 to $30.00 and set a "hold" rating on the stock in a research report on Wednesday, November 13th. Stifel Nicolaus reduced their price objective on TreeHouse Foods from $41.00 to $32.00 and set a "hold" rating for the company in a research report on Wednesday, November 13th. Finally, Barclays upped their price objective on TreeHouse Foods from $32.00 to $35.00 and gave the stock an "equal weight" rating in a research note on Friday, January 17th. Seven equities research analysts have rated the stock with a hold rating, Based on data from MarketBeat.com, TreeHouse Foods has an average rating of "Hold" and a consensus target price of $34.80.

TreeHouse Foods Stock Up 1.3 %

TreeHouse Foods stock traded up $0.43 during midday trading on Thursday, hitting $34.22. The stock had a trading volume of 635,778 shares, compared to its average volume of 531,684. The business has a fifty day moving average price of $34.30 and a 200 day moving average price of $37.64. TreeHouse Foods has a 12 month low of $28.04 and a 12 month high of $43.84. The stock has a market cap of $1.75 billion, a P/E ratio of -72.80 and a beta of 0.22. The company has a current ratio of 1.40, a quick ratio of 0.53 and a debt-to-equity ratio of 0.90.

TreeHouse Foods (NYSE:THS - Get Free Report) last issued its quarterly earnings results on Tuesday, November 12th. The company reported $0.74 earnings per share for the quarter, missing analysts' consensus estimates of $0.75 by ($0.01). TreeHouse Foods had a negative net margin of 0.72% and a positive return on equity of 5.94%. The firm had revenue of $854.40 million during the quarter, compared to the consensus estimate of $881.15 million. During the same quarter last year, the firm posted $0.57 earnings per share. TreeHouse Foods's revenue was down 1.0% compared to the same quarter last year. Research analysts predict that TreeHouse Foods will post 1.96 EPS for the current year.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of THS. XTX Topco Ltd grew its position in TreeHouse Foods by 10.3% in the 2nd quarter. XTX Topco Ltd now owns 10,885 shares of the company's stock valued at $399,000 after buying an additional 1,016 shares in the last quarter. Canada Pension Plan Investment Board acquired a new stake in TreeHouse Foods in the second quarter worth approximately $37,000. Public Sector Pension Investment Board lifted its position in TreeHouse Foods by 7.0% in the second quarter. Public Sector Pension Investment Board now owns 111,762 shares of the company's stock worth $4,095,000 after purchasing an additional 7,331 shares during the period. Armistice Capital LLC boosted its stake in TreeHouse Foods by 12.2% during the 2nd quarter. Armistice Capital LLC now owns 783,000 shares of the company's stock valued at $28,689,000 after purchasing an additional 85,000 shares in the last quarter. Finally, AQR Capital Management LLC acquired a new position in shares of TreeHouse Foods during the 2nd quarter valued at $228,000. 99.81% of the stock is owned by institutional investors and hedge funds.

About TreeHouse Foods

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.