TreeHouse Foods (NYSE:THS) Shares Cross Above Two Hundred Day Moving Average - What's Next?

TreeHouse Foods, Inc. (NYSE:THS - Get Free Report) shares passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $38.28 and traded as high as $38.54. TreeHouse Foods shares last traded at $37.37, with a volume of 670,970 shares trading hands.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on the stock. Mizuho upped their price target on shares of TreeHouse Foods from $37.00 to $40.00 and gave the company a "neutral" rating in a report on Monday, August 26th. StockNews.com raised shares of TreeHouse Foods from a "sell" rating to a "hold" rating in a report on Tuesday, August 6th. Stifel Nicolaus increased their target price on shares of TreeHouse Foods from $36.00 to $41.00 and gave the stock a "hold" rating in a report on Tuesday, August 6th. Finally, Barclays increased their target price on shares of TreeHouse Foods from $36.00 to $39.00 and gave the stock an "equal weight" rating in a report on Tuesday, August 6th. Six research analysts have rated the stock with a hold rating, According to data from MarketBeat, the company has a consensus rating of "Hold" and an average price target of $38.40.

TreeHouse Foods Stock Down 1.2 %

The company has a market capitalization of $1.97 billion, a price-to-earnings ratio of 81.24 and a beta of 0.22. The stock's fifty day simple moving average is $40.96 and its two-hundred day simple moving average is $38.28. The company has a debt-to-equity ratio of 0.90, a current ratio of 1.44 and a quick ratio of 0.52.

TreeHouse Foods (NYSE:THS - Get Free Report) last released its quarterly earnings results on Monday, August 5th. The company reported $0.29 EPS for the quarter, topping the consensus estimate of $0.13 by $0.16. The business had revenue of $788.50 million during the quarter, compared to analyst estimates of $784.10 million. TreeHouse Foods had a negative net margin of 0.41% and a positive return on equity of 5.42%. The company's quarterly revenue was down 1.9% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.42 earnings per share. On average, sell-side analysts predict that TreeHouse Foods, Inc. will post 2.34 earnings per share for the current fiscal year.

Insider Transactions at TreeHouse Foods

In other news, EVP Kristy N. Waterman sold 3,000 shares of the company's stock in a transaction dated Monday, August 26th. The shares were sold at an average price of $42.34, for a total transaction of $127,020.00. Following the completion of the transaction, the executive vice president now owns 20,784 shares in the company, valued at approximately $879,994.56. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.90% of the company's stock.

Hedge Funds Weigh In On TreeHouse Foods

Institutional investors and hedge funds have recently bought and sold shares of the stock. Signaturefd LLC grew its position in TreeHouse Foods by 42.1% in the 3rd quarter. Signaturefd LLC now owns 999 shares of the company's stock valued at $42,000 after buying an additional 296 shares in the last quarter. Canada Pension Plan Investment Board bought a new position in TreeHouse Foods in the 2nd quarter valued at about $37,000. Innealta Capital LLC acquired a new stake in TreeHouse Foods in the 2nd quarter valued at about $44,000. Central Pacific Bank Trust Division acquired a new stake in TreeHouse Foods in the 1st quarter valued at about $48,000. Finally, GAMMA Investing LLC lifted its holdings in TreeHouse Foods by 304.7% in the 2nd quarter. GAMMA Investing LLC now owns 1,291 shares of the company's stock valued at $47,000 after acquiring an additional 972 shares during the last quarter. Institutional investors own 99.81% of the company's stock.

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.