TreeHouse Foods (NYSE:THS) Shares Down 5.7% – What’s Next?

TreeHouse Foods, Inc. (NYSE:THS) shares were down 5.7% on Wednesday . The company traded as low as $28.89 and last traded at $28.85. Approximately 83,224 shares traded hands during mid-day trading, a decline of 84% from the average daily volume of 536,726 shares. The stock had previously closed at $30.59.

Analyst Ratings Changes

Several research firms have recently commented on THS. Jefferies Financial Group lowered their target price on shares of TreeHouse Foods from $37.00 to $31.00 and set a “hold” rating on the stock in a report on Tuesday, February 18th. StockNews.com raised shares of TreeHouse Foods from a “sell” rating to a “hold” rating in a report on Tuesday, February 18th. Barclays boosted their target price on shares of TreeHouse Foods from $35.00 to $36.00 and gave the stock an “equal weight” rating in a report on Tuesday, February 18th. Consumer Edge downgraded shares of TreeHouse Foods from an “overweight” rating to an “equal weight” rating in a report on Friday, November 15th. Finally, Stifel Nicolaus boosted their target price on shares of TreeHouse Foods from $32.00 to $35.00 and gave the stock a “hold” rating in a report on Friday, January 24th. Eight analysts have rated the stock with a hold rating, According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $34.83.

TreeHouse Foods Trading Up 0.8 %

The company has a market cap of $1.41 billion, a PE ratio of 51.97 and a beta of 0.15. The stock’s 50 day moving average is $32.92 and its 200-day moving average is $36.12. The company has a quick ratio of 0.63, a current ratio of 1.36 and a debt-to-equity ratio of 0.90.

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

Institutional Investors Weigh In On TreeHouse Foods

Several hedge funds and other institutional investors have recently made changes to their positions in the company. FMR LLC raised its stake in shares of TreeHouse Foods by 90.5% in the fourth quarter. FMR LLC now owns 5,219,543 shares of the company’s stock valued at $183,363,000 after acquiring an additional 2,479,495 shares during the period. Dimensional Fund Advisors LP raised its stake in shares of TreeHouse Foods by 4.4% in the fourth quarter. Dimensional Fund Advisors LP now owns 3,296,849 shares of the company’s stock valued at $115,818,000 after acquiring an additional 137,744 shares during the period. Sessa Capital IM L.P. raised its stake in shares of TreeHouse Foods by 121.9% in the fourth quarter. Sessa Capital IM L.P. now owns 3,242,483 shares of the company’s stock valued at $113,908,000 after acquiring an additional 1,781,179 shares during the period. Rubric Capital Management LP purchased a new stake in shares of TreeHouse Foods in the third quarter valued at $48,011,000. Finally, Charles Schwab Investment Management Inc. raised its stake in shares of TreeHouse Foods by 3.8% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 901,064 shares of the company’s stock valued at $31,654,000 after acquiring an additional 32,613 shares during the period. Hedge funds and other institutional investors own 99.81% of the company’s stock.

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.