TreeHouse Foods (NYSE:THS) Stock Rating Upgraded by Zacks Research

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

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

TreeHouse Foods Price Performance

TreeHouse Foods stock opened at $23.49 on Thursday. TreeHouse Foods has a 1 year low of $15.85 and a 1 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 50 day moving average price of $22.70 and a 200 day moving average price of $20.46. The company has a market cap of $1.19 billion, a price-to-earnings ratio of -4.89 and a beta of 0.18.

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

Insider Buying and Selling

In other TreeHouse Foods news, SVP Stephen Alan Landry sold 6,097 shares of the company’s stock in a transaction dated Tuesday, December 16th. The shares were sold at an average price of $23.79, for a total value of $145,047.63. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 11.10% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

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

TreeHouse Foods Company Profile

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.