TreeHouse Foods (NYSE:THS) Share Price Crosses Above 200 Day Moving Average – What’s Next?

TreeHouse Foods, Inc. (NYSE:THS)’s stock price passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $20.91 and traded as high as $24.84. TreeHouse Foods shares last traded at $24.6660, with a volume of 422,493 shares changing hands.

Wall Street Analyst Weigh In

Several brokerages have weighed in on THS. Stifel Nicolaus boosted their price objective on TreeHouse Foods from $19.00 to $22.50 and gave the stock a “hold” rating in a research note on Tuesday, November 11th. Weiss Ratings reiterated a “sell (e+)” rating on shares of TreeHouse Foods in a report on Monday, December 29th. Barclays boosted their target price on TreeHouse Foods from $21.00 to $23.00 and gave the company an “equal weight” rating in a research report on Tuesday, November 11th. Truist Financial raised their price target on TreeHouse Foods from $20.00 to $22.50 and gave the stock a “hold” rating in a research report on Thursday, November 13th. Finally, Zacks Research raised shares of TreeHouse Foods from a “strong sell” rating to a “hold” rating in a research note on Thursday, January 1st. Eight investment analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Reduce” and an average target price of $24.67.

TreeHouse Foods Trading Up 0.4%

The stock has a fifty day moving average of $23.85 and a 200-day moving average of $20.91. The company has a market cap of $1.25 billion, a PE ratio of -5.14 and a beta of 0.17. The company has a debt-to-equity ratio of 1.18, a quick ratio of 0.40 and a current ratio of 1.29.

TreeHouse Foods (NYSE:THS) last released its earnings results on Monday, November 10th. The company reported $0.43 earnings per share for the quarter, missing the consensus estimate of $0.53 by ($0.10). The business had revenue of $841.90 million for the quarter, compared to the consensus estimate of $853.53 million. TreeHouse Foods had a positive return on equity of 5.52% and a negative net margin of 7.25%.The firm’s revenue for the quarter was up .1% compared to the same quarter last year. During the same quarter last year, the business posted ($0.07) earnings per share. Sell-side analysts anticipate that TreeHouse Foods, Inc. will post 1.94 EPS for the current fiscal year.

Insiders Place Their Bets

In other TreeHouse Foods news, SVP Stephen Alan Landry sold 6,097 shares of the business’s stock in a transaction dated Tuesday, December 16th. The shares were sold at an average price of $23.79, for a total value of $145,047.63. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 11.10% of the stock is owned by insiders.

Institutional Trading of TreeHouse Foods

Several institutional investors and hedge funds have recently modified their holdings of THS. Geode Capital Management LLC grew its stake in TreeHouse Foods by 4.8% in the second quarter. Geode Capital Management LLC now owns 1,138,099 shares of the company’s stock worth $22,105,000 after purchasing an additional 52,130 shares in the last quarter. Ameriprise Financial Inc. raised its position in TreeHouse Foods by 74.6% during the 3rd quarter. Ameriprise Financial Inc. now owns 680,279 shares of the company’s stock valued at $13,748,000 after purchasing an additional 290,729 shares in the last quarter. Arrowstreet Capital Limited Partnership lifted its holdings in shares of TreeHouse Foods by 11.6% in the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 604,084 shares of the company’s stock worth $12,209,000 after buying an additional 62,658 shares during the period. Bank of America Corp DE lifted its holdings in shares of TreeHouse Foods by 2.3% in the 2nd quarter. Bank of America Corp DE now owns 524,049 shares of the company’s stock worth $10,177,000 after buying an additional 11,709 shares during the period. Finally, Invesco Ltd. grew its position in shares of TreeHouse Foods by 20.5% during the 3rd quarter. Invesco Ltd. now owns 436,829 shares of the company’s stock worth $8,828,000 after buying an additional 74,448 shares in the last quarter. Institutional investors own 99.81% of the company’s stock.

TreeHouse Foods Company Profile

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.