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

TreeHouse Foods, Inc. (NYSE:THS)’s share price gapped up prior to trading 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 changing hands.

Wall Street Analysts Forecast Growth

THS has been the topic of several research analyst reports. Stifel Nicolaus upped their price objective on TreeHouse Foods from $32.00 to $35.00 and gave the company a “hold” rating in a research note on Friday, January 24th. Barclays increased their target price on TreeHouse Foods from $32.00 to $35.00 and gave the stock an “equal weight” rating in a research report on Friday, January 17th. StockNews.com downgraded TreeHouse Foods from a “hold” rating to a “sell” rating in a research report on Monday. Truist Financial dropped their target price on TreeHouse Foods from $35.00 to $30.00 and set a “hold” rating on the stock in a research report on Wednesday, November 13th. Finally, Consumer Edge downgraded TreeHouse Foods from an “overweight” rating to an “equal weight” rating in a research report on Friday, November 15th. One analyst has rated the stock with a sell rating and six have given a hold rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $35.40.

TreeHouse Foods Stock Up 9.7 %

The company has a quick ratio of 0.53, a current ratio of 1.40 and a debt-to-equity ratio of 0.90. The company has a market cap of $1.87 billion, a PE ratio of -77.57 and a beta of 0.22. The stock has a 50-day moving average of $34.28 and a 200-day moving average of $37.25.

TreeHouse Foods (NYSE:THS) last issued its quarterly earnings data on Friday, February 14th. The company reported $0.95 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.97 by ($0.02). TreeHouse Foods had a positive return on equity of 5.94% and a negative net margin of 0.72%. The business had revenue of $905.70 million during the quarter, compared to analysts’ expectations of $907.71 million. During the same quarter last year, the business posted $0.77 EPS. The company’s quarterly revenue was down .5% on a year-over-year basis. Sell-side analysts predict that TreeHouse Foods, Inc. will post 1.96 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in THS. FMR LLC increased its stake in TreeHouse Foods by 90.5% in the fourth quarter. FMR LLC now owns 5,219,543 shares of the company’s stock valued at $183,363,000 after acquiring an additional 2,479,495 shares during the last quarter. Rubric Capital Management LP bought a new position in TreeHouse Foods in the third quarter valued at $48,011,000. Raymond James Financial Inc. bought a new position in TreeHouse Foods in the fourth quarter valued at $10,362,000. JPMorgan Chase & Co. increased its stake in TreeHouse Foods by 187.6% in the third quarter. JPMorgan Chase & Co. now owns 316,428 shares of the company’s stock valued at $13,284,000 after acquiring an additional 206,411 shares during the last quarter. Finally, Chartwell Investment Partners LLC bought a new position in shares of TreeHouse Foods during the third quarter valued at about $8,042,000. Institutional investors own 99.81% of the company’s stock.

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.