TreeHouse Foods (NYSE:THS) Stock Price Up 5.1% – Here’s What Happened

Shares of TreeHouse Foods, Inc. (NYSE:THS) traded up 5.1% on Friday . The company traded as high as $31.92 and last traded at $32.23. 108,823 shares changed hands during trading, a decline of 84% from the average session volume of 667,535 shares. The stock had previously closed at $30.67.

Analyst Ratings Changes

Several analysts recently weighed in on the stock. Truist Financial reduced their target price on shares of TreeHouse Foods from $35.00 to $30.00 and set a “hold” rating on the stock in a report on Wednesday, November 13th. Jefferies Financial Group decreased their price objective on shares of TreeHouse Foods from $37.00 to $31.00 and set a “hold” rating for the company in a research report on Tuesday, February 18th. Consumer Edge downgraded shares of TreeHouse Foods from an “overweight” rating to an “equal weight” rating in a research note on Friday, November 15th. Stifel Nicolaus raised their price target on TreeHouse Foods from $32.00 to $35.00 and gave the company a “hold” rating in a research note on Friday, January 24th. Finally, Barclays upped their price objective on TreeHouse Foods from $35.00 to $36.00 and gave the stock an “equal weight” rating in a research report on Tuesday, February 18th. Eight research analysts have rated the stock with a hold rating, According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $34.83.

TreeHouse Foods Stock Performance

The firm has a fifty day simple moving average of $33.36 and a 200-day simple moving average of $36.39. The company has a quick ratio of 0.63, a current ratio of 1.36 and a debt-to-equity ratio of 0.90. The company has a market cap of $1.59 billion, a PE ratio of 58.51 and a beta of 0.15.

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

Institutional Trading of TreeHouse Foods

A number of large investors have recently bought and sold shares of the business. Hsbc Holdings PLC increased its stake in TreeHouse Foods by 4.5% in the fourth quarter. Hsbc Holdings PLC now owns 9,024 shares of the company’s stock valued at $317,000 after purchasing an additional 385 shares during the period. Comerica Bank increased its position in TreeHouse Foods by 1.5% in the 4th quarter. Comerica Bank now owns 28,207 shares of the company’s stock valued at $991,000 after acquiring an additional 407 shares during the period. BNP Paribas Financial Markets raised its stake in TreeHouse Foods by 4.7% during the 3rd quarter. BNP Paribas Financial Markets now owns 10,657 shares of the company’s stock valued at $447,000 after acquiring an additional 481 shares during the last quarter. Verdence Capital Advisors LLC lifted its position in TreeHouse Foods by 5.8% during the 3rd quarter. Verdence Capital Advisors LLC now owns 9,074 shares of the company’s stock worth $381,000 after acquiring an additional 499 shares during the period. Finally, KBC Group NV grew its stake in shares of TreeHouse Foods by 40.9% in the 3rd quarter. KBC Group NV now owns 1,943 shares of the company’s stock valued at $82,000 after purchasing an additional 564 shares during the last quarter. 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.