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

TreeHouse Foods, Inc. (NYSE:THS)’s stock price dropped 5.8% during trading 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 traded hands during trading, a decline of 74% from the average daily volume of 596,648 shares. The stock had previously closed at $33.06.

A number of other brokerages have also recently commented on THS. Consumer Edge cut shares of TreeHouse Foods from an “overweight” rating to an “equal weight” rating in a research note on Friday, November 15th. Truist Financial cut their target price on TreeHouse Foods from $35.00 to $30.00 and set a “hold” rating for the company in a research report on Wednesday, November 13th. Stifel Nicolaus upped their price target on TreeHouse Foods from $32.00 to $35.00 and gave the company a “hold” rating in a research report on Friday, January 24th. Barclays increased their price objective on TreeHouse Foods from $35.00 to $36.00 and gave the stock an “equal weight” rating in a research note on Tuesday. Finally, StockNews.com upgraded shares of TreeHouse Foods from a “sell” rating to a “hold” rating in a research note on Tuesday. Eight analysts have rated the stock with a hold rating, According to data from MarketBeat.com, TreeHouse Foods currently has an average rating of “Hold” and a consensus target price of $34.83.

Institutional Trading of TreeHouse Foods

Several large investors have recently made changes to their positions in the business. Blue Trust Inc. raised its holdings in shares of 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 buying an additional 918 shares during the last quarter. Signaturefd LLC raised 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 acquiring an additional 296 shares during the last quarter. KBC Group NV raised 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 acquiring an additional 564 shares during the last quarter. Sterling Capital Management LLC lifted its position in shares of TreeHouse Foods by 134.4% during the fourth quarter. Sterling Capital Management LLC now owns 2,374 shares of the company’s stock worth $83,000 after purchasing an additional 1,361 shares in the last quarter. Finally, CIBC Private Wealth Group LLC grew its stake in shares of TreeHouse Foods by 58.2% during the fourth quarter. CIBC Private Wealth Group LLC now owns 4,101 shares of the company’s stock valued at $142,000 after purchasing an additional 1,508 shares during the last quarter. Institutional investors own 99.81% of the company’s stock.

TreeHouse Foods Trading Down 8.4 %

The company has a quick ratio of 0.53, a current ratio of 1.40 and a debt-to-equity ratio of 0.90. The business’s fifty day moving average is $34.27 and its two-hundred day moving average is $37.14. The firm has a market cap of $1.55 billion, a price-to-earnings ratio of -64.43 and a beta of 0.22.

TreeHouse Foods (NYSE:THS) last released its earnings results on Friday, February 14th. The company reported $0.95 EPS for the quarter, missing the consensus estimate of $0.97 by ($0.02). TreeHouse Foods had a negative net margin of 0.72% and a positive return on equity of 5.94%. The firm had revenue of $905.70 million during the quarter, compared to analyst estimates of $907.71 million. During the same period last year, the business posted $0.77 earnings per share. The firm’s quarterly revenue was down .5% on a year-over-year basis. Equities analysts anticipate that TreeHouse Foods, Inc. will post 1.96 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.