TreeHouse Foods, Inc. (NYSE:THS) Given Average Rating of “Reduce” by Brokerages

Shares of TreeHouse Foods, Inc. (NYSE:THS) have received an average recommendation of “Reduce” from the nine brokerages that are covering the firm, Marketbeat.com reports. Two analysts have rated the stock with a sell recommendation and seven have issued a hold recommendation on the company. The average 1-year price objective among brokers that have updated their coverage on the stock in the last year is $24.6667.

Several brokerages have weighed in on THS. Zacks Research downgraded TreeHouse Foods from a “hold” rating to a “strong sell” rating in a research note on Friday, October 24th. Truist Financial lifted their price objective on shares of TreeHouse Foods from $20.00 to $22.50 and gave the company a “hold” rating in a research report on Thursday, November 13th. William Blair cut shares of TreeHouse Foods from an “outperform” rating to a “hold” rating in a research note on Tuesday, November 11th. Stifel Nicolaus raised their target price on shares of TreeHouse Foods from $19.00 to $22.50 and gave the stock a “hold” rating in a research note on Tuesday, November 11th. Finally, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of TreeHouse Foods in a report on Monday.

TreeHouse Foods Trading Down 0.5%

NYSE THS opened at $23.61 on Monday. The firm’s fifty day moving average is $21.14 and its two-hundred day moving average is $20.24. TreeHouse Foods has a one year low of $15.85 and a one year high of $40.77. The company has a debt-to-equity ratio of 1.18, a quick ratio of 0.40 and a current ratio of 1.29. The firm has a market cap of $1.19 billion, a PE ratio of -4.92 and a beta of 0.18.

TreeHouse Foods (NYSE:THS) last announced its earnings results on Monday, November 10th. The company reported $0.43 earnings per share for the quarter, missing the consensus estimate of $0.53 by ($0.10). The business had revenue of $841.90 million for the quarter, compared to analyst estimates of $853.53 million. TreeHouse Foods had a positive return on equity of 5.52% and a negative net margin of 7.25%.TreeHouse Foods’s quarterly revenue was up .1% on a year-over-year basis. During the same quarter last year, the company posted ($0.07) EPS. Analysts expect that TreeHouse Foods will post 1.94 earnings per share for the current year.

Hedge Funds Weigh In On TreeHouse Foods

A number of large investors have recently modified their holdings of the business. Vanguard Group Inc. lifted its stake in TreeHouse Foods by 1.4% in the 1st quarter. Vanguard Group Inc. now owns 5,573,043 shares of the company’s stock valued at $150,974,000 after buying an additional 77,457 shares in the last quarter. Sessa Capital IM L.P. raised its holdings in shares of TreeHouse Foods by 29.5% in the first quarter. Sessa Capital IM L.P. now owns 4,200,000 shares of the company’s stock worth $113,778,000 after acquiring an additional 957,517 shares during the last quarter. Geode Capital Management LLC lifted its position in shares of TreeHouse Foods by 4.8% in the second quarter. Geode Capital Management LLC now owns 1,138,099 shares of the company’s stock valued at $22,105,000 after acquiring an additional 52,130 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its position in shares of TreeHouse Foods by 3.9% in the first quarter. Charles Schwab Investment Management Inc. now owns 936,493 shares of the company’s stock valued at $25,370,000 after acquiring an additional 35,429 shares in the last quarter. Finally, Ameriprise Financial Inc. boosted its stake in shares of TreeHouse Foods by 74.6% during the third quarter. Ameriprise Financial Inc. now owns 680,279 shares of the company’s stock valued at $13,748,000 after acquiring an additional 290,729 shares during the last quarter. 99.81% of the stock is 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.