TreeHouse Foods (NYSE:THS) Shares Gap Up to $39.31

TreeHouse Foods, Inc. (NYSE:THS)’s stock price gapped up prior to trading on Monday . The stock had previously closed at $39.31, but opened at $40.47. TreeHouse Foods shares last traded at $39.64, with a volume of 19,963 shares.

Analyst Ratings Changes

Several analysts have weighed in on the company. StockNews.com cut TreeHouse Foods from a “hold” rating to a “sell” rating in a report on Wednesday, May 8th. Mizuho started coverage on shares of TreeHouse Foods in a research report on Thursday, June 6th. They issued a “neutral” rating and a $37.00 price objective for the company. Barclays lowered their price target on shares of TreeHouse Foods from $39.00 to $36.00 and set an “equal weight” rating on the stock in a report on Wednesday, May 8th. Stifel Nicolaus decreased their price target on shares of TreeHouse Foods from $38.00 to $36.00 and set a “hold” rating on the stock in a research note on Tuesday, May 7th. Finally, TD Cowen decreased their price target on TreeHouse Foods from $38.00 to $37.00 and set a “hold” rating on the stock in a research report on Tuesday, May 7th. One investment analyst has rated the stock with a sell rating and six have given a hold rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $38.17.

TreeHouse Foods Stock Down 4.1 %

The stock has a 50 day moving average price of $37.06 and a 200 day moving average price of $37.61. The company has a market capitalization of $1.98 billion, a P/E ratio of 84.78 and a beta of 0.24. The company has a debt-to-equity ratio of 0.87, a quick ratio of 0.66 and a current ratio of 1.52.

TreeHouse Foods (NYSE:THS) last issued its earnings results on Monday, May 6th. The company reported ($0.03) EPS for the quarter, missing the consensus estimate of ($0.02) by ($0.01). TreeHouse Foods had a return on equity of 5.81% and a net margin of 0.76%. The company had revenue of $820.70 million during the quarter, compared to the consensus estimate of $798.44 million. During the same quarter in the prior year, the business earned $0.68 EPS. The firm’s revenue for the quarter was down 3.9% compared to the same quarter last year. Equities research analysts forecast that TreeHouse Foods, Inc. will post 2.26 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other TreeHouse Foods news, SVP Stephen Alan Landry sold 3,723 shares of the firm’s stock in a transaction dated Monday, May 13th. The shares were sold at an average price of $34.99, for a total value of $130,267.77. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.90% of the company’s stock.

Institutional Investors Weigh In On TreeHouse Foods

Several large investors have recently bought and sold shares of the business. UBS Group AG boosted its holdings in TreeHouse Foods by 701.4% in the 4th quarter. UBS Group AG now owns 571,535 shares of the company’s stock worth $23,690,000 after buying an additional 500,215 shares during the period. Capital Research Global Investors lifted its position in TreeHouse Foods by 52.6% in the first quarter. Capital Research Global Investors now owns 950,372 shares of the company’s stock worth $37,017,000 after buying an additional 327,448 shares during the last quarter. Norges Bank purchased a new position in shares of TreeHouse Foods during the fourth quarter valued at approximately $13,547,000. New South Capital Management Inc. grew its position in TreeHouse Foods by 29.0% in the 1st quarter. New South Capital Management Inc. now owns 1,120,149 shares of the company’s stock valued at $43,630,000 after acquiring an additional 251,886 shares during the last quarter. Finally, Brown Advisory Inc. grew its stake in TreeHouse Foods by 20.5% in the fourth quarter. Brown Advisory Inc. now owns 1,123,484 shares of the company’s stock worth $46,568,000 after purchasing an additional 191,157 shares in the last quarter. 99.81% of the stock is currently 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.