TreeHouse Foods (NYSE:THS) Stock Price Crosses Above 200-Day Moving Average – Here’s Why

Shares of TreeHouse Foods, Inc. (NYSE:THS) 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 trading hands.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on the stock. Barclays increased their target price on shares of TreeHouse Foods from $21.00 to $23.00 and gave the stock an “equal weight” rating in a report on Tuesday, November 11th. Truist Financial increased their price objective 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. Stifel Nicolaus boosted their price objective 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. Zacks Research raised TreeHouse Foods from a “strong sell” rating to a “hold” rating in a research report on Thursday, January 1st. Finally, William Blair downgraded TreeHouse Foods from an “outperform” rating to a “hold” rating in a report on Tuesday, November 11th. Eight research analysts have rated the stock with a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, TreeHouse Foods presently has an average rating of “Reduce” and an average target price of $24.67.

TreeHouse Foods Stock Up 0.4%

The company has a 50-day moving average of $23.85 and a 200-day moving average of $20.91. The company has a current ratio of 1.29, a quick ratio of 0.40 and a debt-to-equity ratio of 1.18. The company has a market capitalization of $1.25 billion, a price-to-earnings ratio of -5.14 and a beta of 0.17.

TreeHouse Foods (NYSE:THS) last issued its quarterly earnings results on Monday, November 10th. The company reported $0.43 earnings per share 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 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 was up .1% on a year-over-year basis. During the same quarter in the previous year, the firm posted ($0.07) EPS. On average, equities analysts predict that TreeHouse Foods, Inc. will post 1.94 earnings per share for the current fiscal year.

Insider Activity at TreeHouse Foods

In other news, SVP Stephen Alan Landry sold 6,097 shares of TreeHouse Foods stock in a transaction on Tuesday, December 16th. The shares were sold at an average price of $23.79, for a total transaction of $145,047.63. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 11.10% of the company’s stock.

Hedge Funds Weigh In On TreeHouse Foods

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. CWM LLC grew its stake in TreeHouse Foods by 24.7% during the 4th quarter. CWM LLC now owns 40,062 shares of the company’s stock valued at $945,000 after purchasing an additional 7,947 shares during the last quarter. Pallas Capital Advisors LLC purchased a new stake in TreeHouse Foods in the fourth quarter valued at approximately $283,000. Wealth Enhancement Advisory Services LLC boosted its position in TreeHouse Foods by 20.0% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 29,830 shares of the company’s stock valued at $696,000 after buying an additional 4,974 shares during the last quarter. GAMMA Investing LLC increased its holdings in TreeHouse Foods by 8.8% in 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 period. Finally, Hudson Bay Capital Management LP purchased a new position in TreeHouse Foods during the 3rd quarter worth approximately $229,000. Hedge funds and other 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.