TreeHouse Foods (NYSE:THS) Sees Strong Trading Volume – Time to Buy?

Shares of TreeHouse Foods, Inc. (NYSE:THS) saw unusually-strong trading volume on Friday . Approximately 1,056,549 shares changed hands during mid-day trading, an increase of 86% from the previous session’s volume of 567,321 shares.The stock last traded at $24.64 and had previously closed at $24.67.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on THS shares. Truist Financial upped their target price on shares of TreeHouse Foods from $20.00 to $22.50 and gave the company a “hold” rating in a research note on Thursday, November 13th. Weiss Ratings reissued a “sell (e+)” rating on shares of TreeHouse Foods in a report on Monday, December 29th. Zacks Research raised shares of TreeHouse Foods from a “strong sell” rating to a “hold” rating in a research note on Thursday, January 1st. Barclays upped their price target on TreeHouse Foods from $21.00 to $23.00 and gave the stock an “equal weight” rating in a research note on Tuesday, November 11th. Finally, William Blair lowered TreeHouse Foods from an “outperform” rating to a “hold” rating in a research report on Tuesday, November 11th. Eight research analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Reduce” and a consensus price target of $24.67.

TreeHouse Foods Stock Performance

The company has a market cap of $1.24 billion, a P/E ratio of -5.13 and a beta of 0.17. The company has a debt-to-equity ratio of 1.18, a current ratio of 1.29 and a quick ratio of 0.40. The business has a 50-day moving average of $23.89 and a two-hundred day moving average of $20.98.

TreeHouse Foods (NYSE:THS) last issued its quarterly earnings results on Monday, November 10th. The company reported $0.43 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.53 by ($0.10). The business had revenue of $841.90 million for the quarter, compared to analyst estimates of $853.53 million. TreeHouse Foods had a positive return on equity of 5.52% and a negative net margin of 7.25%.The business’s revenue for the quarter was up .1% on a year-over-year basis. During the same period in the previous year, the company posted ($0.07) earnings per share. On average, sell-side analysts predict 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 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 document filed with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 11.10% of the company’s stock.

Institutional Trading of TreeHouse Foods

Several large investors have recently added to or reduced their stakes in THS. Inscription Capital LLC acquired a new stake in shares of TreeHouse Foods during the fourth quarter valued at about $265,000. CWM LLC boosted its stake in shares of TreeHouse Foods by 24.7% in the 4th quarter. CWM LLC now owns 40,062 shares of the company’s stock valued at $945,000 after buying an additional 7,947 shares during the period. Pallas Capital Advisors LLC purchased a new position in TreeHouse Foods in the fourth quarter worth approximately $283,000. Wealth Enhancement Advisory Services LLC lifted its position in shares of TreeHouse Foods by 20.0% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 29,830 shares of the company’s stock worth $696,000 after purchasing an additional 4,974 shares during the last quarter. Finally, GAMMA Investing LLC lifted its holdings in TreeHouse Foods by 8.8% during the 4th quarter. GAMMA Investing LLC now owns 8,424 shares of the company’s stock worth $199,000 after buying an additional 684 shares during the last quarter. 99.81% of the stock is currently owned by hedge funds and other 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.