TreeHouse Foods (NYSE:THS) Shares Gap Up - Still a Buy?

Shares of TreeHouse Foods, Inc. (NYSE:THS - Get Free Report) gapped up before the market opened on Friday . The stock had previously closed at $33.26, but opened at $38.33. TreeHouse Foods shares last traded at $36.77, with a volume of 450,591 shares trading hands.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on the stock. Stifel Nicolaus raised their price objective on shares of TreeHouse Foods from $32.00 to $35.00 and gave the company a "hold" rating in a research note on Friday, January 24th. Consumer Edge downgraded TreeHouse Foods from an "overweight" rating to an "equal weight" rating in a research note on Friday, November 15th. Barclays increased their price objective on TreeHouse Foods from $35.00 to $36.00 and gave the stock an "equal weight" rating in a research note on Tuesday. StockNews.com raised TreeHouse Foods from a "sell" rating to a "hold" rating in a research report on Tuesday. Finally, Truist Financial lowered their price target on TreeHouse Foods from $35.00 to $30.00 and set a "hold" rating for the company in a research report on Wednesday, November 13th. Eight analysts have rated the stock with a hold rating, According to data from MarketBeat, TreeHouse Foods has an average rating of "Hold" and an average target price of $34.83.

TreeHouse Foods Stock Down 8.4 %

The firm has a market capitalization of $1.55 billion, a P/E ratio of -64.43 and a beta of 0.22. The company has a debt-to-equity ratio of 0.90, a current ratio of 1.40 and a quick ratio of 0.53. The stock has a fifty day moving average of $34.27 and a 200 day moving average of $37.14.

TreeHouse Foods (NYSE:THS - Get Free Report) last released its earnings results on Friday, February 14th. The company reported $0.95 EPS for the quarter, missing analysts' consensus estimates of $0.97 by ($0.02). The business had revenue of $905.70 million for the quarter, compared to the consensus estimate of $907.71 million. TreeHouse Foods had a positive return on equity of 5.94% and a negative net margin of 0.72%. The company's revenue for the quarter was down .5% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.77 earnings per share. On average, research analysts anticipate that TreeHouse Foods, Inc. will post 1.96 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Blue Trust Inc. raised its holdings in shares of TreeHouse Foods by 456.7% in the 4th quarter. Blue Trust Inc. now owns 1,119 shares of the company's stock worth $39,000 after purchasing an additional 918 shares during the period. Signaturefd LLC increased its position in TreeHouse Foods by 42.1% in the third quarter. Signaturefd LLC now owns 999 shares of the company's stock worth $42,000 after buying an additional 296 shares during the last quarter. KBC Group NV raised its stake in shares of TreeHouse Foods by 40.9% in the third quarter. KBC Group NV now owns 1,943 shares of the company's stock valued at $82,000 after buying an additional 564 shares during the period. Sterling Capital Management LLC lifted its position in shares of TreeHouse Foods by 134.4% during the 4th quarter. Sterling Capital Management LLC now owns 2,374 shares of the company's stock valued at $83,000 after buying an additional 1,361 shares during the last quarter. Finally, CIBC Private Wealth Group LLC grew its stake in shares of TreeHouse Foods by 58.2% during the 4th quarter. CIBC Private Wealth Group LLC now owns 4,101 shares of the company's stock worth $142,000 after acquiring an additional 1,508 shares during the period. 99.81% of the stock is owned by institutional investors.

TreeHouse Foods Company Profile

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.