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

TreeHouse Foods, Inc. (NYSE:THS) traded up 5.1% during mid-day trading on Friday . The stock 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

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

TreeHouse Foods Stock Performance

The company has a debt-to-equity ratio of 0.90, a current ratio of 1.36 and a quick ratio of 0.63. The company has a market capitalization of $1.59 billion, a PE ratio of 58.51 and a beta of 0.15. The stock has a 50-day simple moving average of $33.36 and a 200 day simple moving average of $36.39.

TreeHouse Foods (NYSE:THS) last issued its quarterly earnings data on Friday, February 14th. The company reported $0.95 EPS for the quarter, missing analysts’ consensus estimates of $0.97 by ($0.02). TreeHouse Foods had a net margin of 0.80% and a return on equity of 6.42%. The business had revenue of $905.70 million during the quarter, compared to analyst estimates of $907.71 million. During the same period in the previous year, the company posted $0.77 earnings per share. TreeHouse Foods’s revenue was down .5% on a year-over-year basis. Equities analysts anticipate that TreeHouse Foods, Inc. will post 1.94 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. FMR LLC grew its holdings in TreeHouse Foods by 90.5% during the 4th 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 last quarter. Dimensional Fund Advisors LP lifted its position in shares of TreeHouse Foods by 4.4% in the fourth quarter. Dimensional Fund Advisors LP now owns 3,296,849 shares of the company’s stock valued at $115,818,000 after acquiring an additional 137,744 shares in the last quarter. Sessa Capital IM L.P. boosted its stake in shares of TreeHouse Foods by 121.9% during the fourth quarter. Sessa Capital IM L.P. now owns 3,242,483 shares of the company’s stock valued at $113,908,000 after acquiring an additional 1,781,179 shares during the last quarter. Rubric Capital Management LP purchased a new stake in TreeHouse Foods during the 3rd quarter worth about $48,011,000. Finally, Charles Schwab Investment Management Inc. raised its stake in TreeHouse Foods by 3.8% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 901,064 shares of the company’s stock valued at $31,654,000 after purchasing an additional 32,613 shares during the last quarter. 99.81% of the stock is currently 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.