TreeHouse Foods (NYSE:THS) Shares Cross Above Two Hundred Day Moving Average – Here’s What Happened
by Renee Jackson · The Cerbat GemTreeHouse Foods, Inc. (NYSE:THS – Get Free Report)’s stock price passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $20.46 and traded as high as $23.69. TreeHouse Foods shares last traded at $23.4850, with a volume of 583,813 shares traded.
Analyst Upgrades and Downgrades
A number of research firms have commented on THS. Barclays increased their price objective on shares of TreeHouse Foods from $21.00 to $23.00 and gave the company an “equal weight” rating in a report on Tuesday, November 11th. William Blair lowered TreeHouse Foods from an “outperform” rating to a “hold” rating in a research report on Tuesday, November 11th. Truist Financial lifted their price objective on TreeHouse Foods from $20.00 to $22.50 and gave the stock a “hold” rating in a research report on Thursday, November 13th. Zacks Research raised TreeHouse Foods from a “strong sell” rating to a “hold” rating in a research note on Thursday. Finally, Weiss Ratings restated a “sell (e+)” rating on shares of TreeHouse Foods in a report on Monday, December 29th. Eight equities research analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Reduce” and a consensus target price of $24.67.
Get Our Latest Stock Analysis on TreeHouse Foods
TreeHouse Foods Stock Down 0.4%
The firm has a 50-day moving average of $22.70 and a two-hundred day moving average of $20.46. The company has a quick ratio of 0.40, a current ratio of 1.29 and a debt-to-equity ratio of 1.18. The company has a market capitalization of $1.19 billion, a PE ratio of -4.89 and a beta of 0.17.
TreeHouse Foods (NYSE:THS – Get Free Report) last posted its earnings results on Monday, November 10th. The company reported $0.43 EPS for the quarter, missing analysts’ consensus estimates of $0.53 by ($0.10). The business had revenue of $841.90 million during the quarter, compared to analysts’ expectations of $853.53 million. TreeHouse Foods had a negative net margin of 7.25% and a positive return on equity of 5.52%. TreeHouse Foods’s revenue for the quarter was up .1% compared to the same quarter last year. During the same quarter in the prior year, the firm earned ($0.07) EPS. Equities research analysts predict that TreeHouse Foods, Inc. will post 1.94 earnings per share for the current fiscal year.
Insider Buying and Selling
In other TreeHouse Foods news, SVP Stephen Alan Landry sold 6,097 shares of the stock in a transaction dated Tuesday, December 16th. The shares were sold at an average price of $23.79, for a total transaction of $145,047.63. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 11.10% of the stock is owned by insiders.
Hedge Funds Weigh In On TreeHouse Foods
Several large investors have recently made changes to their positions in THS. Comerica Bank increased its holdings in TreeHouse Foods by 4.5% in the 1st quarter. Comerica Bank now owns 29,472 shares of the company’s stock valued at $798,000 after purchasing an additional 1,265 shares during the last quarter. State of Wyoming purchased a new position in shares of TreeHouse Foods during the first quarter worth $93,000. Royal Bank of Canada grew its stake in shares of TreeHouse Foods by 60.7% in the first quarter. Royal Bank of Canada now owns 43,855 shares of the company’s stock valued at $1,188,000 after buying an additional 16,557 shares in the last quarter. Cubist Systematic Strategies LLC acquired a new stake in shares of TreeHouse Foods in the first quarter valued at $3,184,000. Finally, AQR Capital Management LLC purchased a new stake in shares of TreeHouse Foods in the 1st quarter valued at $299,000. 99.81% of the stock is currently owned by institutional investors and hedge funds.
About TreeHouse Foods
TreeHouse Foods, Inc (NYSE: THS) is a leading manufacturer and supplier of private-label packaged food and beverage products. Headquartered in Oak Brook, Illinois, the company partners with major grocery chains, club retailers and foodservice outlets to develop, produce and distribute a diverse portfolio of items under store brands and, in select categories, under its own labels.
Since its founding in 2005 through the consolidation of several specialty food businesses, TreeHouse Foods has grown primarily through strategic acquisitions and operational integration.