TreeHouse Foods (NYSE:THS) Share Price Crosses Above Two Hundred Day Moving Average – What’s Next?
by Doug Wharley · The Cerbat GemTreeHouse Foods, Inc. (NYSE:THS – Get Free Report)’s share price passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $20.35 and traded as high as $23.73. TreeHouse Foods shares last traded at $23.73, with a volume of 141,316 shares changing hands.
Analyst Upgrades and Downgrades
Several analysts have weighed in on the stock. Zacks Research cut shares of TreeHouse Foods from a “hold” rating to a “strong sell” rating in a research note on Friday, October 24th. Truist Financial increased their price target on TreeHouse Foods from $20.00 to $22.50 and gave the company a “hold” rating in a research note on Thursday, November 13th. Barclays boosted their price objective on TreeHouse Foods from $21.00 to $23.00 and gave the stock an “equal weight” rating in a research report on Tuesday, November 11th. Weiss Ratings reiterated a “sell (e+)” rating on shares of TreeHouse Foods in a research report on Monday. Finally, William Blair cut TreeHouse Foods from an “outperform” rating to a “hold” rating in a report on Tuesday, November 11th. Seven equities research analysts have rated the stock with a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Reduce” and a consensus price target of $24.67.
Read Our Latest Analysis on TreeHouse Foods
TreeHouse Foods Stock Performance
The stock has a fifty day simple moving average of $22.17 and a two-hundred day simple moving average of $20.38. The company has a debt-to-equity ratio of 1.18, a quick ratio of 0.40 and a current ratio of 1.29. The stock has a market capitalization of $1.19 billion, a price-to-earnings ratio of -4.92 and a beta of 0.18.
TreeHouse Foods (NYSE:THS – Get Free Report) last issued its quarterly earnings results on Monday, November 10th. The company reported $0.43 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.53 by ($0.10). The business had revenue of $841.90 million during the quarter, compared to analyst estimates 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 quarterly revenue was up .1% compared to the same quarter last year. During the same period last year, the firm posted ($0.07) earnings per share. Analysts forecast that TreeHouse Foods, Inc. will post 1.94 earnings per share for the current fiscal year.
Insider Activity
In related news, SVP Stephen Alan Landry sold 6,097 shares of the company’s stock in a transaction that occurred on Tuesday, December 16th. The stock was sold at an average price of $23.79, for a total transaction of $145,047.63. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 11.10% of the stock is owned by company insiders.
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently modified their holdings of THS. Nuveen LLC bought a new position in TreeHouse Foods during the first quarter valued at $3,807,000. HighTower Advisors LLC raised its stake in TreeHouse Foods by 8.9% in the 1st quarter. HighTower Advisors LLC now owns 10,520 shares of the company’s stock valued at $285,000 after acquiring an additional 861 shares during the period. Hsbc Holdings PLC boosted its position in TreeHouse Foods by 8.8% during the first quarter. Hsbc Holdings PLC now owns 9,814 shares of the company’s stock worth $268,000 after purchasing an additional 790 shares during the period. AlphaQuest LLC raised its stake in shares of TreeHouse Foods by 351.7% during the 1st quarter. AlphaQuest LLC now owns 10,917 shares of the company’s stock valued at $296,000 after purchasing an additional 8,500 shares during the period. Finally, Comerica Bank boosted its stake in TreeHouse Foods by 4.5% in the 1st quarter. Comerica Bank now owns 29,472 shares of the company’s stock worth $798,000 after purchasing an additional 1,265 shares during the period. 99.81% of the stock is owned by institutional investors.
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.