TreeHouse Foods (NYSE:THS) Upgraded to “Hold” at Zacks Research

TreeHouse Foods (NYSE:THS) was upgraded by research analysts at Zacks Research from a “strong sell” rating to a “hold” rating in a report released on Thursday,Zacks.com reports.

Several other analysts have also weighed in on the stock. Stifel Nicolaus boosted their target price on shares of TreeHouse Foods from $19.00 to $22.50 and gave the company a “hold” rating in a research note on Tuesday, November 11th. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of TreeHouse Foods in a research report on Monday. William Blair cut shares of TreeHouse Foods from an “outperform” rating to a “hold” rating in a report on Tuesday, November 11th. Truist Financial lifted their target price on TreeHouse Foods from $20.00 to $22.50 and gave the company a “hold” rating in a research note on Thursday, November 13th. Finally, Barclays increased their price target on TreeHouse Foods from $21.00 to $23.00 and gave the stock an “equal weight” rating in a research report on Tuesday, November 11th. Eight research analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Reduce” and a consensus target price of $24.67.

TreeHouse Foods Trading Down 0.4%

Shares of NYSE THS opened at $23.49 on Thursday. The stock’s 50 day moving average price is $22.70 and its two-hundred day moving average price is $20.46. TreeHouse Foods has a 52-week low of $15.85 and a 52-week high of $40.77. The stock has a market capitalization of $1.19 billion, a P/E ratio of -4.89 and a beta of 0.17. The company has a quick ratio of 0.40, a current ratio of 1.29 and a debt-to-equity ratio of 1.18.

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

Insider Activity

In other news, SVP Stephen Alan Landry sold 6,097 shares of the business’s stock in a transaction that occurred on Tuesday, December 16th. The stock was sold at an average price of $23.79, for a total transaction of $145,047.63. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 11.10% of the company’s stock.

Institutional Trading of TreeHouse Foods

Several hedge funds have recently added to or reduced their stakes in THS. Pullen Investment Management LLC grew its stake in shares of TreeHouse Foods by 82.2% in the second quarter. Pullen Investment Management LLC now owns 92,355 shares of the company’s stock worth $1,794,000 after purchasing an additional 41,680 shares in the last quarter. Phocas Financial Corp. lifted its holdings in TreeHouse Foods by 152.1% in the second quarter. Phocas Financial Corp. now owns 287,083 shares of the company’s stock worth $5,575,000 after purchasing an additional 173,211 shares during the period. Wealth Enhancement Advisory Services LLC bought a new position in TreeHouse Foods in the 2nd quarter valued at about $263,000. Bryce Point Capital LLC bought a new position in TreeHouse Foods in the 2nd quarter valued at about $676,000. Finally, S&T Bank PA increased its stake in TreeHouse Foods by 21.6% during the 2nd quarter. S&T Bank PA now owns 122,418 shares of the company’s stock valued at $2,377,000 after buying an additional 21,779 shares during the period. Institutional investors own 99.81% of the company’s stock.

About TreeHouse Foods

TreeHouse Foods, Inc (NYSE: THS) is a leading manufacturer and supplier of private-label packaged food and beverage products. Headquartered in Oak Brook, Illinois, the company partners with major grocery chains, club retailers and foodservice outlets to develop, produce and distribute a diverse portfolio of items under store brands and, in select categories, under its own labels.

Since its founding in 2005 through the consolidation of several specialty food businesses, TreeHouse Foods has grown primarily through strategic acquisitions and operational integration.