TreeHouse Foods (NYSE:THS) Raised 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.

A number of other research firms also recently weighed in on THS. Barclays lifted their price target on shares of TreeHouse Foods from $36.00 to $39.00 and gave the company an equal weight rating in a research report on Tuesday. TD Cowen lowered their price objective on shares of TreeHouse Foods from $38.00 to $37.00 and set a hold rating for the company in a research report on Tuesday, May 7th. Mizuho started coverage on shares of TreeHouse Foods in a research report on Thursday, June 6th. They set a neutral rating and a $37.00 price objective for the company. Finally, Stifel Nicolaus boosted their price objective on shares of TreeHouse Foods from $36.00 to $41.00 and gave the company a hold rating in a research report on Tuesday. Seven equities research analysts have rated the stock with a hold rating, According to data from MarketBeat.com, the company currently has an average rating of Hold and a consensus target price of $39.50.

TreeHouse Foods Price Performance

Shares of NYSE THS opened at $39.33 on Tuesday. The stock has a market capitalization of $2.07 billion, a price-to-earnings ratio of 85.50 and a beta of 0.24. The business has a 50-day moving average of $37.31 and a 200-day moving average of $37.58. The company has a debt-to-equity ratio of 0.90, a current ratio of 1.44 and a quick ratio of 0.66. TreeHouse Foods has a fifty-two week low of $33.28 and a fifty-two week high of $48.49.

TreeHouse Foods (NYSE:THS) last posted its quarterly earnings results on Monday, August 5th. The company reported $0.29 EPS for the quarter, topping analysts’ consensus estimates of $0.13 by $0.16. The business had revenue of $788.50 million during the quarter, compared to analysts’ expectations of $784.10 million. TreeHouse Foods had a positive return on equity of 5.42% and a negative net margin of 0.41%. TreeHouse Foods’s quarterly revenue was down 1.9% on a year-over-year basis. During the same quarter last year, the company posted $0.42 earnings per share. As a group, sell-side analysts predict that TreeHouse Foods will post 2.29 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, SVP Stephen Alan Landry sold 3,723 shares of the firm’s stock in a transaction on Monday, May 13th. The shares were sold at an average price of $34.99, for a total transaction of $130,267.77. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Corporate insiders own 0.90% of the company’s stock.

Institutional Investors Weigh In On TreeHouse Foods

Large investors have recently modified their holdings of the stock. Pullen Investment Management LLC raised its holdings in shares of TreeHouse Foods by 2.0% during the second 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. Texas Permanent School Fund Corp boosted its position in shares of TreeHouse Foods by 1.3% during the first quarter. Texas Permanent School Fund Corp now owns 44,042 shares of the company’s stock worth $1,715,000 after acquiring an additional 570 shares during the last quarter. ProShare Advisors LLC boosted its position in shares of TreeHouse Foods by 6.0% during the first quarter. ProShare Advisors LLC now owns 10,227 shares of the company’s stock worth $398,000 after acquiring an additional 579 shares during the last quarter. Wedge Capital Management L L P NC boosted its position in shares of TreeHouse Foods by 2.3% during the second quarter. Wedge Capital Management L L P NC now owns 36,945 shares of the company’s stock worth $1,354,000 after acquiring an additional 846 shares during the last quarter. Finally, Quadrant Capital Group LLC boosted its position in shares of TreeHouse Foods by 62.2% during the fourth quarter. Quadrant Capital Group LLC now owns 2,469 shares of the company’s stock worth $102,000 after acquiring an additional 947 shares during the last quarter. Institutional investors own 99.81% of the company’s stock.

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.