TreeHouse Foods (NYSE:THS) Shares Up 3.9% – Should You Buy?

TreeHouse Foods, Inc. (NYSE:THS) shares traded up 3.9% during trading on Monday . The stock traded as high as $31.82 and last traded at $31.77. 67,399 shares traded hands during mid-day trading, a decline of 89% from the average session volume of 631,696 shares. The stock had previously closed at $30.58.

Wall Street Analyst Weigh In

THS has been the topic of several research reports. Truist Financial cut their price objective on TreeHouse Foods from $35.00 to $30.00 and set a “hold” rating on the stock in a research report on Wednesday, November 13th. StockNews.com raised TreeHouse Foods from a “sell” rating to a “hold” rating in a research report on Tuesday, February 18th. Jefferies Financial Group reduced 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. Barclays boosted their price objective on shares of TreeHouse Foods from $35.00 to $36.00 and gave the stock an “equal weight” rating in a research note on Tuesday, February 18th. Finally, Consumer Edge downgraded TreeHouse Foods from an “overweight” rating to an “equal weight” rating in a research note on Friday, November 15th. Eight investment analysts have rated the stock with a hold rating, Based on data from MarketBeat, 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 quick ratio of 0.63, a current ratio of 1.36 and a debt-to-equity ratio of 0.90. The firm has a market cap of $1.59 billion, a PE ratio of 58.74 and a beta of 0.22. The business has a 50 day simple moving average of $33.98 and a two-hundred day simple moving average of $36.91.

TreeHouse Foods (NYSE:THS) last issued its earnings results on Friday, February 14th. The company reported $0.95 earnings per share for the quarter, missing the consensus estimate of $0.97 by ($0.02). The firm had revenue of $905.70 million during the quarter, compared to analysts’ expectations of $907.71 million. TreeHouse Foods had a return on equity of 6.42% and a net margin of 0.80%. TreeHouse Foods’s quarterly revenue was down .5% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.77 earnings per share. As a group, equities research analysts forecast that TreeHouse Foods, Inc. will post 1.94 earnings per share for the current fiscal year.

Institutional Trading of TreeHouse Foods

Institutional investors have recently modified their holdings of the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in shares of TreeHouse Foods by 10.1% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 117,296 shares of the company’s stock worth $4,121,000 after acquiring an additional 10,746 shares in the last quarter. Voloridge Investment Management LLC purchased a new stake in shares of TreeHouse Foods during the 4th quarter valued at $5,613,000. Vident Advisory LLC purchased a new position in TreeHouse Foods during the 4th quarter worth $223,000. Two Sigma Advisers LP acquired a new position in TreeHouse Foods during the 4th quarter valued at about $696,000. Finally, Two Sigma Investments LP boosted its holdings in TreeHouse Foods by 105.1% in the fourth quarter. Two Sigma Investments LP now owns 152,698 shares of the company’s stock worth $5,364,000 after acquiring an additional 78,250 shares in the last quarter. 99.81% of the stock is currently owned by institutional investors.

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.