TreeHouse Foods (NYSE:THS) Shares Pass Above 200-Day Moving Average – What’s Next?

TreeHouse Foods, Inc. (NYSE:THS)’s share price crossed 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

THS has been the subject of a number of research analyst reports. Truist Financial raised their target price on TreeHouse Foods from $20.00 to $22.50 and gave the company a “hold” rating in a research note on Thursday, November 13th. Zacks Research downgraded TreeHouse Foods from a “hold” rating to a “strong sell” rating in a report on Friday, October 24th. Barclays boosted their target price on shares of TreeHouse Foods from $21.00 to $23.00 and gave the company an “equal weight” rating in a report on Tuesday, November 11th. Stifel Nicolaus increased their price target on shares of TreeHouse Foods from $19.00 to $22.50 and gave the stock a “hold” rating in a research note on Tuesday, November 11th. Finally, Weiss Ratings reissued a “sell (e+)” rating on shares of TreeHouse Foods in a research report on Monday. Seven analysts have rated the stock with a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Reduce” and an average price target of $24.67.

TreeHouse Foods Stock Up 1.0%

The firm has a market capitalization of $1.20 billion, a P/E ratio of -4.94 and a beta of 0.18. The company has a fifty day simple moving average of $22.09 and a 200 day simple moving average of $20.35. The company has a quick ratio of 0.40, a current ratio of 1.29 and a debt-to-equity ratio of 1.18.

TreeHouse Foods (NYSE:THS) last posted 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 company had revenue of $841.90 million during the quarter, compared to analysts’ expectations of $853.53 million. TreeHouse Foods had a positive return on equity of 5.52% and a negative net margin of 7.25%.TreeHouse Foods’s revenue for the quarter was up .1% compared to the same quarter last year. During the same period in the prior year, the firm earned ($0.07) EPS. On average, equities analysts expect that TreeHouse Foods, Inc. will post 1.94 EPS for the current fiscal year.

Insider Activity

In related news, SVP Stephen Alan Landry sold 6,097 shares of the stock in a transaction 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 legal filing with the SEC, which can be accessed through the SEC website. 11.10% of the stock is currently owned by insiders.

Hedge Funds Weigh In On TreeHouse Foods

Several hedge funds and other institutional investors have recently bought and sold shares of THS. Pullen Investment Management LLC raised its stake in TreeHouse Foods by 82.2% during the 2nd quarter. Pullen Investment Management LLC now owns 92,355 shares of the company’s stock worth $1,794,000 after acquiring an additional 41,680 shares during the period. Phocas Financial Corp. increased its stake in shares of TreeHouse Foods by 152.1% in the second quarter. Phocas Financial Corp. now owns 287,083 shares of the company’s stock worth $5,575,000 after purchasing an additional 173,211 shares in the last quarter. Wealth Enhancement Advisory Services LLC purchased a new stake in shares of TreeHouse Foods in the second quarter worth $263,000. Bryce Point Capital LLC bought a new stake in shares of TreeHouse Foods during the 2nd quarter valued at $676,000. Finally, S&T Bank PA lifted its stake in shares of TreeHouse Foods by 21.6% during the 2nd quarter. S&T Bank PA now owns 122,418 shares of the company’s stock valued at $2,377,000 after buying an additional 21,779 shares in the last quarter. Institutional investors own 99.81% of the company’s stock.

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.