TreeHouse Foods (NYSE:THS) Trading Up 5% – Should You Buy?

TreeHouse Foods, Inc. (NYSE:THS)’s stock price was up 5% on Thursday . The company traded as high as $33.38 and last traded at $33.17. Approximately 396,377 shares were traded during mid-day trading, a decline of 22% from the average daily volume of 510,275 shares. The stock had previously closed at $31.59.

Analysts Set New Price Targets

THS has been the topic of several recent analyst reports. StockNews.com upgraded TreeHouse Foods from a “sell” rating to a “hold” rating in a research note on Tuesday, August 6th. Stifel Nicolaus cut their price objective on TreeHouse Foods from $41.00 to $32.00 and set a “hold” rating on the stock in a research note on Wednesday. Truist Financial decreased their target price on TreeHouse Foods from $35.00 to $30.00 and set a “hold” rating for the company in a research note on Wednesday. Barclays decreased their target price on shares of TreeHouse Foods from $39.00 to $32.00 and set an “equal weight” rating for the company in a research report on Wednesday. Finally, Mizuho boosted their price objective on TreeHouse Foods from $37.00 to $40.00 and gave the stock a “neutral” rating in a research report on Monday, August 26th. Six analysts have rated the stock with a hold rating, Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $34.20.

TreeHouse Foods Price Performance

The business’s 50-day simple moving average is $39.87 and its 200 day simple moving average is $38.28. The company has a market capitalization of $1.75 billion, a P/E ratio of -67.20 and a beta of 0.23. The company has a current ratio of 1.40, a quick ratio of 0.52 and a debt-to-equity ratio of 0.90.

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

Insider Buying and Selling at TreeHouse Foods

In other news, EVP Kristy N. Waterman sold 3,000 shares of TreeHouse Foods stock in a transaction dated Monday, August 26th. The stock was sold at an average price of $42.34, for a total value of $127,020.00. Following the transaction, the executive vice president now directly owns 20,784 shares in the company, valued at approximately $879,994.56. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.90% of the company’s stock.

Hedge Funds Weigh In On TreeHouse Foods

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Rubric Capital Management LP bought a new position in shares of TreeHouse Foods in the third quarter valued at approximately $48,011,000. FMR LLC raised its position in TreeHouse Foods by 28.1% in the 3rd quarter. FMR LLC now owns 2,740,048 shares of the company’s stock valued at $115,027,000 after purchasing an additional 600,723 shares during the last quarter. Capital Research Global Investors boosted its stake in TreeHouse Foods by 52.6% in the first quarter. Capital Research Global Investors now owns 950,372 shares of the company’s stock worth $37,017,000 after purchasing an additional 327,448 shares in the last quarter. Shapiro Capital Management LLC grew its holdings in shares of TreeHouse Foods by 22.0% during the second quarter. Shapiro Capital Management LLC now owns 1,587,415 shares of the company’s stock worth $58,163,000 after purchasing an additional 286,770 shares during the last quarter. Finally, New South Capital Management Inc. grew its holdings in TreeHouse Foods by 22.4% during the 2nd quarter. New South Capital Management Inc. now owns 1,370,548 shares of the company’s stock worth $50,217,000 after acquiring an additional 250,399 shares during the last quarter. Institutional investors own 99.81% of the company’s stock.

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.