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

StockNews.com upgraded shares of TreeHouse Foods (NYSE:THS) from a sell rating to a hold rating in a research note published on Tuesday morning.

Other research analysts have also recently issued reports about the company. Stifel Nicolaus lifted their price objective on TreeHouse Foods from $32.00 to $35.00 and gave the company a “hold” rating in a report on Friday, January 24th. Barclays lifted their price target on shares of TreeHouse Foods from $32.00 to $35.00 and gave the company an “equal weight” rating in a report on Friday, January 17th. 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 note on Wednesday, November 13th. Finally, Consumer Edge cut shares of TreeHouse Foods from an “overweight” rating to an “equal weight” rating in a research note on Friday, November 15th. Eight analysts have rated the stock with a hold rating, Based on data from MarketBeat.com, TreeHouse Foods currently has an average rating of “Hold” and an average price target of $34.83.

TreeHouse Foods Trading Up 0.5 %

TreeHouse Foods stock opened at $30.55 on Tuesday. TreeHouse Foods has a one year low of $28.04 and a one year high of $43.84. The company’s fifty day moving average price is $34.06 and its two-hundred day moving average price is $36.98. The company has a debt-to-equity ratio of 0.90, a current ratio of 1.36 and a quick ratio of 0.63. The company has a market capitalization of $1.53 billion, a price-to-earnings ratio of 56.57 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 net margin of 0.80% and a return on equity of 6.42%. The company had revenue of $905.70 million for the quarter, compared to analyst estimates of $907.71 million. During the same quarter in the previous year, the company earned $0.77 earnings per share. TreeHouse Foods’s revenue for the quarter was down .5% compared to the same quarter last year. On average, analysts forecast that TreeHouse Foods will post 2.45 earnings per share for the current fiscal year.

Hedge Funds Weigh In On TreeHouse Foods

Large investors have recently modified their holdings of the stock. Jane Street Group LLC increased its holdings in shares of TreeHouse Foods by 37.7% in the third quarter. Jane Street Group LLC now owns 124,173 shares of the company’s stock valued at $5,213,000 after purchasing an additional 33,978 shares in the last quarter. JPMorgan Chase & Co. boosted its position in TreeHouse Foods by 187.6% in the 3rd quarter. JPMorgan Chase & Co. now owns 316,428 shares of the company’s stock valued at $13,284,000 after buying an additional 206,411 shares during the last quarter. Entropy Technologies LP acquired a new stake in shares of TreeHouse Foods in the 4th quarter valued at $333,000. Chartwell Investment Partners LLC acquired a new position in shares of TreeHouse Foods during the third quarter valued at $8,042,000. Finally, Harbor Capital Advisors Inc. boosted its holdings in TreeHouse Foods by 68.2% in the third quarter. Harbor Capital Advisors Inc. now owns 304,969 shares of the company’s stock valued at $12,803,000 after acquiring an additional 123,669 shares during the last quarter. 99.81% of the stock is currently owned by institutional investors and hedge funds.

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.