Penn Capital Management Company LLC Sells 2,162 Shares of TreeHouse Foods, Inc. (NYSE:THS)

Penn Capital Management Company LLC lowered its stake in shares of TreeHouse Foods, Inc. (NYSE:THS) by 1.9% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 111,714 shares of the company’s stock after selling 2,162 shares during the period. Penn Capital Management Company LLC’s holdings in TreeHouse Foods were worth $3,925,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently bought and sold shares of THS. Raymond James Financial Inc. bought a new stake in TreeHouse Foods during the 4th quarter valued at $10,362,000. Entropy Technologies LP purchased a new position in shares of TreeHouse Foods in the 4th quarter worth about $333,000. JPMorgan Chase & Co. raised its stake in TreeHouse Foods by 187.6% during the 3rd quarter. JPMorgan Chase & Co. now owns 316,428 shares of the company’s stock valued at $13,284,000 after buying an additional 206,411 shares during the last quarter. Roberts Wealth Advisors LLC increased its holdings in TreeHouse Foods by 297.4% during the fourth quarter. Roberts Wealth Advisors LLC now owns 85,256 shares of the company’s stock valued at $2,858,000 after buying an additional 63,804 shares during the last quarter. Finally, Barclays PLC boosted its position in shares of TreeHouse Foods by 7.0% in the third quarter. Barclays PLC now owns 337,657 shares of the company’s stock worth $14,175,000 after purchasing an additional 21,951 shares during the period. Institutional investors and hedge funds own 99.81% of the company’s stock.

Analysts Set New Price Targets

Several analysts recently weighed in on THS shares. Stifel Nicolaus decreased their price objective on TreeHouse Foods from $35.00 to $26.00 and set a “hold” rating for the company in a report on Friday, April 11th. 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 note on Tuesday, February 18th. TD Cowen cut their price target on shares of TreeHouse Foods from $32.00 to $27.00 and set a “hold” rating on the stock in a research note on Friday, April 11th. Jefferies Financial Group decreased their price target on TreeHouse Foods from $37.00 to $31.00 and set a “hold” rating on the stock in a research note on Tuesday, February 18th. Finally, StockNews.com upgraded TreeHouse Foods from a “sell” rating to a “hold” rating in a report on Tuesday, February 18th. Eight equities research analysts have rated the stock with a hold rating, Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $31.67.

TreeHouse Foods Stock Performance

NYSE:THS opened at $22.69 on Thursday. The company has a market capitalization of $1.14 billion, a PE ratio of 42.02 and a beta of 0.40. TreeHouse Foods, Inc. has a fifty-two week low of $21.39 and a fifty-two week high of $43.84. The company has a 50 day simple moving average of $27.08 and a two-hundred day simple moving average of $32.59. The company has a debt-to-equity ratio of 0.90, a quick ratio of 0.63 and a current ratio of 1.36.

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

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.