TreeHouse Foods (NYSE:THS) Stock Price Down 2.7% – Time to Sell?

TreeHouse Foods, Inc. (NYSE:THS) shares dropped 2.7% during mid-day trading on Wednesday . The stock traded as low as $26.24 and last traded at $26.26. Approximately 83,705 shares changed hands during trading, a decline of 88% from the average daily volume of 672,886 shares. The stock had previously closed at $26.99.

Analyst Ratings Changes

THS has been the subject of several recent analyst reports. StockNews.com raised shares of TreeHouse Foods from a “sell” rating to a “hold” rating in a research note on Tuesday, February 18th. Barclays lifted their price objective on TreeHouse Foods from $35.00 to $36.00 and gave the company an “equal weight” rating in a research report on Tuesday, February 18th. Jefferies Financial Group reduced their target price on TreeHouse Foods from $37.00 to $31.00 and set a “hold” rating on the stock in a research report on Tuesday, February 18th. Finally, Stifel Nicolaus lifted their price target on TreeHouse Foods from $32.00 to $35.00 and gave the company a “hold” rating in a report on Friday, January 24th. Eight equities research analysts have rated the stock with a hold rating, Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $34.83.

TreeHouse Foods Trading Down 1.7 %

The company has a debt-to-equity ratio of 0.90, a quick ratio of 0.63 and a current ratio of 1.36. The company has a market capitalization of $1.30 billion, a PE ratio of 48.07 and a beta of 0.40. The business has a fifty day moving average price of $30.70 and a 200 day moving average price of $34.61.

TreeHouse Foods (NYSE:THS) last announced its quarterly earnings results on Friday, February 14th. The company reported $0.95 earnings per share for the quarter, missing analysts’ consensus estimates of $0.97 by ($0.02). TreeHouse Foods had a net margin of 0.80% and a return on equity of 6.42%. The business had revenue of $905.70 million for the quarter, compared to analyst estimates of $907.71 million. During the same period last year, the firm earned $0.77 earnings per share. The company’s quarterly revenue was down .5% on a year-over-year basis. Analysts expect that TreeHouse Foods, Inc. will post 1.94 EPS for the current fiscal year.

Institutional Trading of TreeHouse Foods

Several large investors have recently added to or reduced their stakes in the stock. FMR LLC boosted its position in shares of TreeHouse Foods by 28.1% in the third quarter. FMR LLC now owns 2,740,048 shares of the company’s stock worth $115,027,000 after buying an additional 600,723 shares during the period. BNP Paribas Financial Markets boosted its holdings in TreeHouse Foods by 4.7% in the 3rd quarter. BNP Paribas Financial Markets now owns 10,657 shares of the company’s stock worth $447,000 after acquiring an additional 481 shares during the period. Verition Fund Management LLC purchased a new stake in shares of TreeHouse Foods during the third quarter valued at approximately $1,202,000. HighTower Advisors LLC lifted its position in shares of TreeHouse Foods by 90.8% during the third quarter. HighTower Advisors LLC now owns 11,374 shares of the company’s stock worth $488,000 after purchasing an additional 5,413 shares in the last quarter. Finally, Jane Street Group LLC boosted its stake in shares of TreeHouse Foods by 37.7% in the third quarter. Jane Street Group LLC now owns 124,173 shares of the company’s stock valued at $5,213,000 after purchasing an additional 33,978 shares during the period. 99.81% of the stock is currently owned by institutional investors and hedge funds.

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.