TreeHouse Foods (NYSE:THS) Stock Crosses Above 200-Day Moving Average – Here’s What Happened

TreeHouse Foods, Inc. (NYSE:THS) 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 Ratings Changes

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

TreeHouse Foods Stock Performance

The company has a market cap of $1.97 billion, a PE ratio of 81.24 and a beta of 0.22. The company has a debt-to-equity ratio of 0.90, a quick ratio of 0.52 and a current ratio of 1.44. The stock’s 50-day simple moving average is $40.96 and its 200 day simple moving average is $38.28.

TreeHouse Foods (NYSE:THS) last posted its quarterly earnings results on Monday, August 5th. The company reported $0.29 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.13 by $0.16. TreeHouse Foods had a negative net margin of 0.41% and a positive return on equity of 5.42%. The firm had revenue of $788.50 million during the quarter, compared to analysts’ expectations of $784.10 million. During the same period in the prior year, the company posted $0.42 earnings per share. The firm’s revenue for the quarter was down 1.9% on a year-over-year basis. As a group, equities analysts anticipate that TreeHouse Foods, Inc. will post 2.34 EPS for the current year.

Insider Activity at TreeHouse Foods

In related news, EVP Kristy N. Waterman sold 3,000 shares of the company’s stock in a transaction on Monday, August 26th. The stock was sold at an average price of $42.34, for a total transaction of $127,020.00. Following the transaction, the executive vice president now owns 20,784 shares of the company’s stock, valued at $879,994.56. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Company insiders own 0.90% of the company’s stock.

Institutional Investors Weigh In On TreeHouse Foods

Institutional investors have recently made changes to their positions in the stock. Pullen Investment Management LLC lifted its stake in shares of TreeHouse Foods by 14.9% in the third quarter. Pullen Investment Management LLC now owns 24,342 shares of the company’s stock valued at $1,022,000 after purchasing an additional 3,156 shares during the period. International Assets Investment Management LLC increased its holdings in TreeHouse Foods by 4,097.7% in the third quarter. International Assets Investment Management LLC now owns 5,457 shares of the company’s stock valued at $229,000 after buying an additional 5,327 shares in the last quarter. Signaturefd LLC increased its holdings in TreeHouse Foods by 42.1% in the third 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. Roberts Wealth Advisors LLC acquired a new stake in shares of TreeHouse Foods during the 3rd quarter valued at approximately $872,000. Finally, Creative Planning boosted its stake in shares of TreeHouse Foods by 101.4% during the 3rd quarter. Creative Planning now owns 19,393 shares of the company’s stock worth $814,000 after acquiring an additional 9,764 shares in the last quarter. 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.