TreeHouse Foods (NYSE:THS) Shares Up 3.9% - What's Next?

TreeHouse Foods, Inc. (NYSE:THS - Get Free Report)'s share price rose 3.9% on Monday . The stock traded as high as $31.82 and last traded at $31.77. Approximately 67,399 shares changed hands during trading, a decline of 89% from the average daily volume of 631,696 shares. The stock had previously closed at $30.58.

Analysts Set New Price Targets

Several research analysts recently issued reports on the stock. Barclays upped their target price on shares of TreeHouse Foods from $35.00 to $36.00 and gave the stock an "equal weight" rating in a research report on Tuesday, February 18th. StockNews.com upgraded TreeHouse Foods from a "sell" rating to a "hold" rating in a research report on Tuesday, February 18th. Stifel Nicolaus raised their price objective on TreeHouse Foods from $32.00 to $35.00 and gave the company a "hold" rating in a report on Friday, January 24th. Consumer Edge lowered TreeHouse Foods from an "overweight" rating to an "equal weight" rating in a research note on Friday, November 15th. Finally, Truist Financial decreased their price target on shares of TreeHouse Foods from $35.00 to $30.00 and set a "hold" rating on the stock in a research note on Wednesday, November 13th. Eight equities research analysts have rated the stock with a hold rating, According to MarketBeat, the company presently has a consensus rating of "Hold" and a consensus target price of $34.83.

TreeHouse Foods Stock Up 3.8 %

The company has a current ratio of 1.36, a quick ratio of 0.63 and a debt-to-equity ratio of 0.90. The stock has a 50 day simple moving average of $33.98 and a 200 day simple moving average of $36.91. The firm has a market capitalization of $1.59 billion, a PE ratio of 58.74 and a beta of 0.22.

TreeHouse Foods (NYSE:THS - Get Free Report) last issued its earnings results on Friday, February 14th. The company reported $0.95 EPS 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%. The firm's quarterly revenue was down .5% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.77 earnings per share. As a group, sell-side analysts forecast that TreeHouse Foods, Inc. will post 1.94 earnings per share for the current year.

Institutional Trading of TreeHouse Foods

A number of institutional investors have recently modified their holdings of THS. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in 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 valued at $4,121,000 after purchasing an additional 10,746 shares during the last quarter. Voloridge Investment Management LLC purchased a new stake in TreeHouse Foods in the fourth quarter worth $5,613,000. Vident Advisory LLC bought a new stake in TreeHouse Foods in the fourth quarter valued at $223,000. Two Sigma Advisers LP bought a new stake in TreeHouse Foods in the fourth quarter valued at $696,000. Finally, Two Sigma Investments LP increased its position in TreeHouse Foods by 105.1% during the 4th quarter. Two Sigma Investments LP now owns 152,698 shares of the company's stock valued at $5,364,000 after purchasing an additional 78,250 shares during the period. 99.81% of the stock is currently owned by hedge funds and other 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.

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