TreeHouse Foods Sees Unusually Large Options Volume (NYSE:THS)

TreeHouse Foods, Inc. (NYSE:THS) saw unusually large options trading on Monday. Stock traders acquired 2,995 call options on the company. This is an increase of approximately 298% compared to the average daily volume of 752 call options.

TreeHouse Foods Price Performance

Shares of NYSE THS opened at $23.40 on Tuesday. The firm has a 50-day simple moving average of $18.74 and a 200-day simple moving average of $20.08. The company has a quick ratio of 0.38, a current ratio of 1.26 and a debt-to-equity ratio of 0.98. The stock has a market capitalization of $1.18 billion, a price-to-earnings ratio of 60.00 and a beta of 0.25. TreeHouse Foods has a 52 week low of $15.85 and a 52 week high of $40.77.

Institutional Trading of TreeHouse Foods

A number of hedge funds have recently bought and sold shares of the business. EverSource Wealth Advisors LLC lifted its stake in TreeHouse Foods by 320.8% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,355 shares of the company’s stock worth $26,000 after purchasing an additional 1,033 shares in the last quarter. Hantz Financial Services Inc. increased its holdings in shares of TreeHouse Foods by 430.9% in the third quarter. Hantz Financial Services Inc. now owns 1,460 shares of the company’s stock valued at $30,000 after purchasing an additional 1,185 shares during the last quarter. Blue Trust Inc. lifted its position in TreeHouse Foods by 50.7% during the second quarter. Blue Trust Inc. now owns 2,878 shares of the company’s stock worth $56,000 after buying an additional 968 shares in the last quarter. GAMMA Investing LLC boosted its stake in TreeHouse Foods by 719.7% during the second quarter. GAMMA Investing LLC now owns 2,918 shares of the company’s stock worth $57,000 after buying an additional 2,562 shares during the last quarter. Finally, Canada Pension Plan Investment Board acquired a new position in TreeHouse Foods during the second quarter worth $70,000. Institutional investors and hedge funds own 99.81% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on the company. Weiss Ratings reaffirmed a “sell (d)” rating on shares of TreeHouse Foods in a research note on Thursday, October 30th. Stifel Nicolaus cut their price target on shares of TreeHouse Foods from $21.00 to $19.00 and set a “hold” rating for the company in a report on Friday, October 24th. Barclays decreased their price objective on shares of TreeHouse Foods from $25.00 to $21.00 and set an “equal weight” rating on the stock in a report on Tuesday, July 15th. Zacks Research cut shares of TreeHouse Foods from a “hold” rating to a “strong sell” rating in a research note on Friday, October 24th. Finally, Mizuho reduced their price target on shares of TreeHouse Foods from $24.00 to $22.00 and set a “neutral” rating for the company in a research report on Monday, July 28th. Seven equities research analysts have rated the stock with a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Reduce” and a consensus price target of $23.33.

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.