TreeHouse Foods (NYSE:THS) Downgraded to “Equal Weight” Rating by Consumer Edge

Consumer Edge cut shares of TreeHouse Foods (NYSE:THS) from an overweight rating to an equal weight rating in a research note released on Friday, Marketbeat Ratings reports.

A number of other equities research analysts have also recently issued reports on THS. Stifel Nicolaus lowered their price objective on TreeHouse Foods from $41.00 to $32.00 and set a “hold” rating on the stock in a research note on Wednesday. Barclays dropped their price target on shares of TreeHouse Foods from $39.00 to $32.00 and set an “equal weight” rating on the stock in a research note on Wednesday. Mizuho boosted their target price on shares of TreeHouse Foods from $37.00 to $40.00 and gave the company a “neutral” rating in a report on Monday, August 26th. Truist Financial cut their price target on TreeHouse Foods from $35.00 to $30.00 and set a “hold” rating for the company in a report on Wednesday. Finally, StockNews.com raised TreeHouse Foods from a “sell” rating to a “hold” rating in a report on Tuesday, August 6th. Seven analysts have rated the stock with a hold rating, According to MarketBeat.com, TreeHouse Foods has an average rating of “Hold” and an average price target of $34.20.

TreeHouse Foods Stock Performance

THS traded down $0.87 during midday trading on Friday, reaching $32.41. The company had a trading volume of 1,229,852 shares, compared to its average volume of 520,771. TreeHouse Foods has a 12-month low of $28.04 and a 12-month high of $43.84. The business has a 50-day moving average price of $39.50 and a two-hundred day moving average price of $38.21. The stock has a market cap of $1.66 billion, a PE ratio of -68.93 and a beta of 0.23. The company has a debt-to-equity ratio of 0.90, a quick ratio of 0.52 and a current ratio of 1.40.

TreeHouse Foods (NYSE:THS) last posted its quarterly earnings data on Tuesday, November 12th. The company reported $0.74 EPS for the quarter, missing the consensus estimate 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 analysts’ expectations of $881.15 million. During the same quarter in the previous year, the company posted $0.57 EPS. TreeHouse Foods’s revenue for the quarter was down 1.0% on a year-over-year basis. On average, sell-side analysts expect that TreeHouse Foods will post 2.34 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, EVP Kristy N. Waterman sold 3,000 shares of the firm’s stock in a transaction on Monday, August 26th. The shares were sold at an average price of $42.34, for a total transaction of $127,020.00. Following the sale, the executive vice president now owns 20,784 shares in the company, valued at approximately $879,994.56. This trade represents a 12.61 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 0.90% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Signaturefd LLC grew its position in TreeHouse Foods by 42.1% during the third quarter. Signaturefd LLC now owns 999 shares of the company’s stock valued at $42,000 after acquiring an additional 296 shares during the last quarter. Pullen Investment Management LLC grew its holdings in shares of TreeHouse Foods by 2.0% during the 2nd quarter. Pullen Investment Management LLC now owns 21,186 shares of the company’s stock valued at $776,000 after purchasing an additional 408 shares during the last quarter. BNP Paribas Financial Markets raised its position in TreeHouse Foods by 4.7% in the 3rd quarter. BNP Paribas Financial Markets now owns 10,657 shares of the company’s stock worth $447,000 after purchasing an additional 481 shares during the period. Verdence Capital Advisors LLC lifted its stake in TreeHouse Foods by 5.8% in the third quarter. Verdence Capital Advisors LLC now owns 9,074 shares of the company’s stock worth $381,000 after purchasing an additional 499 shares during the last quarter. Finally, KBC Group NV boosted its position in TreeHouse Foods by 40.9% during the third quarter. KBC Group NV now owns 1,943 shares of the company’s stock valued at $82,000 after buying an additional 564 shares during the period. 99.81% of the stock is currently owned by hedge funds and other institutional investors.

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.