TreeHouse Foods (NYSE:THS) Upgraded by StockNews.com to “Hold”

TreeHouse Foods (NYSE:THS) was upgraded by stock analysts at StockNews.com from a “sell” rating to a “hold” rating in a research note issued on Tuesday.

A number of other research firms also recently weighed in on THS. Barclays lifted their price target on shares of TreeHouse Foods from $36.00 to $39.00 and gave the stock an “equal weight” rating in a research note on Tuesday. TD Cowen dropped their target price on TreeHouse Foods from $38.00 to $37.00 and set a “hold” rating for the company in a report on Tuesday, May 7th. Mizuho began coverage on TreeHouse Foods in a research note on Thursday, June 6th. They issued a “neutral” rating and a $37.00 price target on the stock. Finally, Stifel Nicolaus increased their price objective on TreeHouse Foods from $36.00 to $41.00 and gave the stock a “hold” rating in a research note on Tuesday. Seven research analysts have rated the stock with a hold rating, Based on data from MarketBeat.com, TreeHouse Foods presently has an average rating of “Hold” and an average price target of $39.50.

TreeHouse Foods Stock Performance

NYSE THS traded down $1.04 during midday trading on Tuesday, hitting $37.29. The company had a trading volume of 898,614 shares, compared to its average volume of 510,282. The firm has a fifty day simple moving average of $37.16 and a two-hundred day simple moving average of $37.57. TreeHouse Foods has a fifty-two week low of $33.28 and a fifty-two week high of $53.00. The company has a quick ratio of 0.66, a current ratio of 1.52 and a debt-to-equity ratio of 0.87. The stock has a market cap of $1.96 billion, a price-to-earnings ratio of 81.07 and a beta of 0.24.

TreeHouse Foods (NYSE:THS) last issued its quarterly earnings results on Monday, August 5th. The company reported $0.29 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.13 by $0.16. The firm had revenue of $788.50 million for the quarter, compared to analyst estimates of $784.10 million. TreeHouse Foods had a return on equity of 5.81% and a net margin of 0.76%. The company’s quarterly revenue was down 1.9% compared to the same quarter last year. During the same period in the previous year, the company posted $0.42 earnings per share. Equities analysts forecast that TreeHouse Foods will post 2.26 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, SVP Stephen Alan Landry sold 3,723 shares of the firm’s stock in a transaction dated Monday, May 13th. The shares were sold at an average price of $34.99, for a total transaction of $130,267.77. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. 0.90% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On TreeHouse Foods

Hedge funds have recently bought and sold shares of the company. New South Capital Management Inc. increased its holdings in shares of TreeHouse Foods by 22.4% during the second quarter. New South Capital Management Inc. now owns 1,370,548 shares of the company’s stock worth $50,217,000 after buying an additional 250,399 shares in the last quarter. TD Asset Management Inc raised its holdings in TreeHouse Foods by 7.3% in the 2nd quarter. TD Asset Management Inc now owns 478,944 shares of the company’s stock valued at $17,549,000 after buying an additional 32,600 shares during the last quarter. Natixis Advisors LLC boosted its position in TreeHouse Foods by 7.8% during the 2nd quarter. Natixis Advisors LLC now owns 82,748 shares of the company’s stock worth $3,032,000 after buying an additional 5,997 shares during the period. Rothschild Investment LLC acquired a new stake in TreeHouse Foods during the 2nd quarter worth approximately $67,000. Finally, Innealta Capital LLC bought a new stake in TreeHouse Foods during the 2nd quarter worth approximately $44,000. 99.81% of the stock is owned by institutional investors.

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.