TreeHouse Foods (NYSE:THS) Stock Price Up 5% – Here’s Why

TreeHouse Foods, Inc. (NYSE:THS) shares traded up 5% during trading on Thursday . The stock traded as high as $33.38 and last traded at $33.17. 396,377 shares changed hands during trading, a decline of 22% from the average session volume of 510,275 shares. The stock had previously closed at $31.59.

Analysts Set New Price Targets

Several equities research analysts have weighed in on the company. Stifel Nicolaus cut their target price on TreeHouse Foods from $41.00 to $32.00 and set a “hold” rating for the company in a research note on Wednesday. Truist Financial dropped their price objective on TreeHouse Foods from $35.00 to $30.00 and set a “hold” rating for the company in a research report on Wednesday. Mizuho lifted their target price on TreeHouse Foods from $37.00 to $40.00 and gave the company a “neutral” rating in a research report on Monday, August 26th. Consumer Edge downgraded TreeHouse Foods from an “overweight” rating to an “equal weight” rating in a research note on Friday. Finally, StockNews.com raised shares of TreeHouse Foods from a “sell” rating to a “hold” rating in a report on Tuesday, August 6th. Seven equities research analysts have rated the stock with a hold rating, According to data from MarketBeat, the company has an average rating of “Hold” and an average price target of $34.20.

TreeHouse Foods Stock Down 2.6 %

The stock has a market capitalization of $1.66 billion, a price-to-earnings ratio of -68.93 and a beta of 0.23. The company has a quick ratio of 0.52, a current ratio of 1.40 and a debt-to-equity ratio of 0.90. The stock has a 50 day moving average price of $39.50 and a 200 day moving average price of $38.21.

TreeHouse Foods (NYSE:THS) last issued its quarterly earnings data on Tuesday, November 12th. The company reported $0.74 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.75 by ($0.01). TreeHouse Foods had a negative net margin of 0.72% and a positive return on equity of 5.94%. The business had revenue of $854.40 million during the quarter, compared to the consensus estimate of $881.15 million. During the same quarter last year, the business earned $0.57 EPS. The firm’s quarterly revenue was down 1.0% compared to the same quarter last year. As a group, analysts forecast that TreeHouse Foods, Inc. will post 2.34 EPS for the current year.

Insider Buying and Selling

In other news, EVP Kristy N. Waterman sold 3,000 shares of the firm’s stock in a transaction dated Monday, August 26th. The stock was sold at an average price of $42.34, for a total transaction of $127,020.00. Following the completion of the transaction, the executive vice president now directly owns 20,784 shares in the company, valued at $879,994.56. This trade represents a 12.61 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.90% of the stock is currently owned by insiders.

Institutional Trading of TreeHouse Foods

A number of institutional investors and hedge funds have recently added to or reduced their stakes in THS. Barclays PLC boosted its stake in shares of TreeHouse Foods by 7.0% in the 3rd quarter. Barclays PLC now owns 337,657 shares of the company’s stock valued at $14,175,000 after purchasing an additional 21,951 shares during the last quarter. Dean Investment Associates LLC lifted its holdings in TreeHouse Foods by 49.4% in the third quarter. Dean Investment Associates LLC now owns 97,799 shares of the company’s stock valued at $4,106,000 after buying an additional 32,336 shares during the period. Jane Street Group LLC boosted its position in TreeHouse Foods by 37.7% during the third quarter. Jane Street Group LLC now owns 124,173 shares of the company’s stock valued at $5,213,000 after acquiring an additional 33,978 shares during the last quarter. HighTower Advisors LLC grew its holdings in TreeHouse Foods by 90.8% during the 3rd quarter. HighTower Advisors LLC now owns 11,374 shares of the company’s stock worth $488,000 after acquiring an additional 5,413 shares during the period. Finally, Verition Fund Management LLC bought a new position in shares of TreeHouse Foods in the 3rd quarter worth about $1,202,000. Institutional investors and hedge funds own 99.81% of the company’s stock.

TreeHouse Foods Company Profile

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.