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

TreeHouse Foods, Inc. (NYSE:THS) has been given a consensus rating of “Reduce” by the ten ratings firms that are currently covering the company, MarketBeat Ratings reports. Two investment analysts have rated the stock with a sell rating and eight have given a hold rating to the company. The average 1 year price objective among brokers that have covered the stock in the last year is $24.25.

THS has been the subject of several research reports. Barclays increased their target price on TreeHouse Foods from $21.00 to $23.00 and gave the stock an “equal weight” rating in a research report on Tuesday. Stifel Nicolaus increased their price objective on TreeHouse Foods from $19.00 to $22.50 and gave the stock a “hold” rating in a report on Tuesday. William Blair reissued a “market perform” rating on shares of TreeHouse Foods in a research report on Tuesday. Zacks Research downgraded shares of TreeHouse Foods from a “hold” rating to a “strong sell” rating in a research report on Friday, October 24th. Finally, Weiss Ratings reiterated a “sell (d)” rating on shares of TreeHouse Foods in a research note on Thursday, October 30th.

TreeHouse Foods Trading Up 1.1%

Shares of THS opened at $23.60 on Thursday. TreeHouse Foods has a 1-year low of $15.85 and a 1-year high of $40.77. The company has a current ratio of 1.29, a quick ratio of 0.38 and a debt-to-equity ratio of 1.18. The firm’s 50-day moving average price is $18.95 and its 200-day moving average price is $20.11. The firm has a market capitalization of $1.19 billion, a price-to-earnings ratio of -4.92 and a beta of 0.25.

TreeHouse Foods (NYSE:THS) last released its quarterly earnings results on Monday, November 10th. The company reported $0.43 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 company had revenue of $840.30 million during the quarter, compared to the consensus estimate of $853.53 million. During the same period in the previous year, the company earned ($0.07) earnings per share. TreeHouse Foods’s quarterly revenue was up .1% on a year-over-year basis. Sell-side analysts anticipate that TreeHouse Foods will post 1.94 EPS for the current year.

Hedge Funds Weigh In On TreeHouse Foods

Large investors have recently made changes to their positions in the business. Gabelli Funds LLC grew its stake in shares of TreeHouse Foods by 216.7% in the 3rd quarter. Gabelli Funds LLC now owns 38,000 shares of the company’s stock worth $768,000 after buying an additional 26,000 shares during the last quarter. Aster Capital Management DIFC Ltd purchased a new stake in shares of TreeHouse Foods in the third quarter worth $46,000. Handelsbanken Fonder AB grew its stake in shares of TreeHouse Foods by 54.0% in the third quarter. Handelsbanken Fonder AB now owns 17,109 shares of the company’s stock worth $346,000 after acquiring an additional 6,000 shares during the last quarter. Fox Run Management L.L.C. purchased a new position in shares of TreeHouse Foods in the 3rd quarter worth about $383,000. Finally, Counterpoint Mutual Funds LLC purchased a new position in shares of TreeHouse Foods in the 3rd quarter worth about $3,311,000. 99.81% of the stock is currently owned by hedge funds and other institutional investors.

TreeHouse Foods Company Profile

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.