TreeHouse Foods THS Upgraded to 'Hold' by StockNews.com

TreeHouse Foods THS, a prominent manufacturer and distributor of private label packaged foods and beverages, has seen a revision in its stock rating. The update comes from StockNews.com, which has adjusted the firm's rating from 'sell' to 'hold.' This revision reflects a change in sentiment towards the company's stock among analysts, signifying a neutral stance. TreeHouse Foods, with its headquarters in Oak Brook, Illinois, operates extensively within the United States and abroad, providing a wide array of food and beverage products to its clientele.

Analyst Perspectives on TreeHouse Foods

The adjustment by StockNews.com is one among many recent analyst evaluations. Another major financial institution, Barclays, altered its price objective on TreeHouse Foods from $55.00 to $46.00, maintaining an 'equal weight' rating. Additionally, Stephens initiated coverage on the company with an 'equal weight' rating and a price target of $48.00. Conversely, TheStreet downgraded TreeHouse Foods from a 'b-' to a 'c' rating. Furthermore, TD Cowen began covering TreeHouse Foods, tagging it with a 'market perform' rating and a price target of $45.00. Finally, Stifel Nicolaus lowered their price target on the stock from $47.00 to $42.00, yet continued to hold a 'hold' rating. An aggregate view from MarketBeat data indicates a consensus 'Hold' rating for THS with an average price target of $49.00.

Market Performance of THS

The stock commenced trading at $38.78 on the day of the rating update. With a market capitalization of $2.14 billion, a price-to-earnings ratio of 96.95, and a beta of 0.47, TreeHouse Foods exhibits certain financial characteristics. Over the past year, the stock has varied between a low of $36.11 and a high of $55.30, with a quick ratio of 0.29 and a current ratio of 1.16, which measures liquidity. The debt-to-equity ratio stands at 0.91. Reflecting on stock trends, THS carries a 50-day simple moving average of $42.84 and a 200-day simple moving average of $47.52.

In their latest quarterly earnings report dated November 6th, TreeHouse Foods reported earnings per share of $0.57, surpassing the consensus estimate of $0.50 by $0.07. While the firm's revenue reached $863.30 million during the quarter, it fell short of the expected $955.26 million. Nonetheless, the revenue marked a 3.6% increase compared to the same period last year. The company achieved a return on equity of 8.81% and a net margin of 0.62%. For the current fiscal year, analysts project that TreeHouse Foods will post 2.44 earnings per share.

Inside Trades and Institutional Movements

In insider trading activity, Jana Partners LLC acquired 87,900 shares of TreeHouse Foods, which were purchased at an average price of $44.49 per share, amounting to a transaction value of $3,910,671.00. Following the acquisition, the director's total shareholding in the company tallied up to 4,883,314 shares, valued at approximately $217,258,639.86. The company's insiders currently own 0.93% of its stock. Institutional investors have displayed diverse trading activities, with firms like Headlands Technologies LLC, PenderFund Capital Management Ltd., NBC Securities Inc., Point72 Hong Kong Ltd, and Fairfield Bush & CO. either initiating or adjusting their holdings in THS. Collectively, institutional investors own 99.81% of TreeHouse Foods' stock.

Business Overview of TreeHouse Foods

THS is a key player in the private label food and beverage sector, supplying snacks, beverages, and various grocery items such as crackers, pretzels, bakery products, frozen griddle items, cookies, snack bars, confectionery, non-dairy creamers, single-serve drinks, broths, stocks, tea, and ready-to-drink beverages. Their comprehensive portfolio caters to a wide range of consumer needs and preferences, with a focus on quality and variety.

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