TreeHouse Foods (NYSE:THS) Stock Price Up 3.9% – Here’s Why

Shares of TreeHouse Foods, Inc. (NYSE:THS) rose 3.9% during mid-day trading on Monday . The stock traded as high as $31.82 and last traded at $31.77. Approximately 67,399 shares were traded during trading, a decline of 89% from the average daily volume of 631,696 shares. The stock had previously closed at $30.58.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on THS shares. Barclays raised their price target on TreeHouse Foods from $35.00 to $36.00 and gave the company an “equal weight” rating in a research report on Tuesday, February 18th. Truist Financial lowered their price target on shares of TreeHouse Foods from $35.00 to $30.00 and set a “hold” rating on the stock in a research report on Wednesday, November 13th. StockNews.com upgraded TreeHouse Foods from a “sell” rating to a “hold” rating in a research report on Tuesday, February 18th. Consumer Edge cut TreeHouse Foods from an “overweight” rating to an “equal weight” rating in a report on Friday, November 15th. Finally, Stifel Nicolaus raised their price target on TreeHouse Foods from $32.00 to $35.00 and gave the stock a “hold” rating in a research report on Friday, January 24th. Eight analysts have rated the stock with a hold rating, According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $34.83.

TreeHouse Foods Trading Down 2.5 %

The firm’s 50-day simple moving average is $33.88 and its 200 day simple moving average is $36.81. The company has a current ratio of 1.36, a quick ratio of 0.63 and a debt-to-equity ratio of 0.90. The stock has a market cap of $1.57 billion, a P/E ratio of 57.74 and a beta of 0.22.

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

Institutional Investors Weigh In On TreeHouse Foods

A number of institutional investors and hedge funds have recently bought and sold shares of THS. FMR LLC raised its position in TreeHouse Foods by 90.5% during the fourth quarter. FMR LLC now owns 5,219,543 shares of the company’s stock valued at $183,363,000 after buying an additional 2,479,495 shares during the period. Sessa Capital IM L.P. lifted its holdings in TreeHouse Foods by 121.9% in the 4th quarter. Sessa Capital IM L.P. now owns 3,242,483 shares of the company’s stock worth $113,908,000 after purchasing an additional 1,781,179 shares during the last quarter. Rubric Capital Management LP bought a new stake in shares of TreeHouse Foods during the 3rd quarter worth $48,011,000. Raymond James Financial Inc. bought a new stake in TreeHouse Foods during the fourth quarter valued at about $10,362,000. Finally, JPMorgan Chase & Co. grew its position in shares of TreeHouse Foods by 187.6% in the third quarter. JPMorgan Chase & Co. now owns 316,428 shares of the company’s stock valued at $13,284,000 after purchasing an additional 206,411 shares during the last quarter. 99.81% of the stock is owned by institutional investors and hedge funds.

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.