TreeHouse Foods (NYSE:THS) Rating Increased 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 released on Tuesday morning.

Other equities analysts also recently issued reports about the stock. TD Cowen reduced their price objective on shares of TreeHouse Foods from $38.00 to $37.00 and set a hold rating for the company in a report on Tuesday, May 7th. Barclays increased their target price on TreeHouse Foods from $36.00 to $39.00 and gave the stock an equal weight rating in a report on Tuesday. Stifel Nicolaus boosted their price target on TreeHouse Foods from $36.00 to $41.00 and gave the company a hold rating in a research note on Tuesday. Finally, Mizuho began coverage on TreeHouse Foods in a research note on Thursday, June 6th. They set a neutral rating and a $37.00 price objective for the company. Seven equities research analysts have rated the stock with a hold rating, According to MarketBeat, the company has an average rating of Hold and an average target price of $39.50.

TreeHouse Foods Stock Performance

THS traded up $0.13 during midday trading on Tuesday, reaching $39.46. The company’s stock had a trading volume of 392,654 shares, compared to its average volume of 513,242. The company has a fifty day simple moving average of $37.37 and a 200 day simple moving average of $37.57. The stock has a market cap of $2.08 billion, a P/E ratio of 85.78 and a beta of 0.24. The company has a current ratio of 1.44, a quick ratio of 0.66 and a debt-to-equity ratio of 0.90. TreeHouse Foods has a twelve month low of $33.28 and a twelve month 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, beating the consensus estimate of $0.13 by $0.16. TreeHouse Foods had a positive return on equity of 5.42% and a negative net margin of 0.41%. The firm had revenue of $788.50 million during the quarter, compared to analysts’ expectations of $784.10 million. During the same quarter in the prior year, the firm posted $0.42 EPS. The company’s revenue for the quarter was down 1.9% on a year-over-year basis. Research analysts expect that TreeHouse Foods will post 2.29 earnings per share for the current year.

Insiders Place Their Bets

In related news, SVP Stephen Alan Landry sold 3,723 shares of the firm’s stock in a transaction dated Monday, May 13th. The stock was sold at an average price of $34.99, for a total value of $130,267.77. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 0.90% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the business. Dimensional Fund Advisors LP raised its stake in shares of TreeHouse Foods by 4.5% during the fourth quarter. Dimensional Fund Advisors LP now owns 3,364,605 shares of the company’s stock worth $139,463,000 after buying an additional 145,261 shares during the last quarter. New South Capital Management Inc. lifted its stake in shares of TreeHouse Foods by 22.4% in the 2nd quarter. New South Capital Management Inc. now owns 1,370,548 shares of the company’s stock valued at $50,217,000 after purchasing an additional 250,399 shares during the period. Brown Advisory Inc. increased its holdings in TreeHouse Foods by 20.5% in the fourth quarter. Brown Advisory Inc. now owns 1,123,484 shares of the company’s stock valued at $46,568,000 after purchasing an additional 191,157 shares during the last quarter. Capital Research Global Investors lifted its stake in TreeHouse Foods by 52.6% in the first quarter. Capital Research Global Investors now owns 950,372 shares of the company’s stock valued at $37,017,000 after buying an additional 327,448 shares during the period. Finally, William Blair Investment Management LLC lifted its stake in TreeHouse Foods by 16.5% in the first quarter. William Blair Investment Management LLC now owns 913,087 shares of the company’s stock valued at $35,565,000 after buying an additional 129,323 shares during the period. Institutional investors own 99.81% of the company’s stock.

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.