TreeHouse Foods (NYSE:THS) Downgraded by ValuEngine

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ValuEngine downgraded shares of TreeHouse Foods (NYSE:THS) from a hold rating to a sell rating in a report released on Wednesday, September 19th.

A number of other brokerages have also recently commented on THS. Zacks Investment Research cut shares of TreeHouse Foods from a buy rating to a hold rating in a report on Monday, August 13th. Barclays reaffirmed a hold rating and issued a $53.00 target price on shares of TreeHouse Foods in a report on Sunday, August 5th. Stifel Nicolaus lifted their target price on shares of TreeHouse Foods from $48.00 to $50.00 and gave the company a hold rating in a report on Friday, August 3rd. Finally, JPMorgan Chase & Co. raised shares of TreeHouse Foods from an underweight rating to a neutral rating and set a $39.00 target price on the stock in a report on Friday, August 3rd. One investment analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and four have issued a buy rating to the company’s stock. The company currently has an average rating of Hold and an average target price of $48.92.

Shares of NYSE:THS traded up $0.81 during trading on Wednesday, hitting $46.46. 524,212 shares of the company were exchanged, compared to its average volume of 772,238. The company has a market capitalization of $2.69 billion, a PE ratio of 16.53, a P/E/G ratio of 4.53 and a beta of 0.45. The company has a current ratio of 2.02, a quick ratio of 0.69 and a debt-to-equity ratio of 1.09. TreeHouse Foods has a 12-month low of $36.35 and a 12-month high of $68.90.

TreeHouse Foods (NYSE:THS) last announced its earnings results on Thursday, August 2nd. The company reported $0.37 EPS for the quarter, beating analysts’ consensus estimates of $0.25 by $0.12. The business had revenue of $1.46 billion for the quarter, compared to analysts’ expectations of $1.41 billion. TreeHouse Foods had a negative net margin of 5.41% and a positive return on equity of 5.54%. The company’s quarterly revenue was down 4.4% on a year-over-year basis. During the same period in the previous year, the company posted $0.51 EPS. As a group, equities research analysts predict that TreeHouse Foods will post 2.14 EPS for the current fiscal year.

Several hedge funds and other institutional investors have recently modified their holdings of the business. Contravisory Investment Management Inc. purchased a new stake in shares of TreeHouse Foods during the 3rd quarter worth $123,000. State of Alaska Department of Revenue boosted its position in shares of TreeHouse Foods by 34.4% during the 3rd quarter. State of Alaska Department of Revenue now owns 5,670 shares of the company’s stock worth $271,000 after purchasing an additional 1,450 shares in the last quarter. Bank of New York Mellon Corp boosted its position in shares of TreeHouse Foods by 1.9% during the 2nd quarter. Bank of New York Mellon Corp now owns 713,020 shares of the company’s stock worth $37,441,000 after purchasing an additional 13,408 shares in the last quarter. WINTON GROUP Ltd purchased a new stake in shares of TreeHouse Foods during the 2nd quarter worth $13,362,000. Finally, Nomura Holdings Inc. purchased a new stake in shares of TreeHouse Foods during the 2nd quarter worth $418,000.

TreeHouse Foods Company Profile

TreeHouse Foods, Inc operates as a food and beverage manufacturer in the United States, Canada, and Italy. The company operates through Baked Goods, Beverages, Condiments, Meals, and Snacks segments. The Baked Goods segment offers candies, cookies, crackers, in-store bakery products, pita chips, pretzels, refrigerated dough, retail griddle waffles, pancakes, and French toasts.

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Analyst Recommendations for TreeHouse Foods (NYSE:THS)

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