TreeHouse Foods (NYSE:THS) Shares Gap Up – What’s Next?

TreeHouse Foods, Inc. (NYSE:THS)’s share price gapped up before the market opened on Monday . The stock had previously closed at $19.05, but opened at $23.08. TreeHouse Foods shares last traded at $23.4420, with a volume of 3,721,180 shares changing hands.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on THS shares. Weiss Ratings reaffirmed a “sell (d)” rating on shares of TreeHouse Foods in a report on Thursday, October 30th. Stifel Nicolaus decreased their price objective on TreeHouse Foods from $21.00 to $19.00 and set a “hold” rating on the stock in a report on Friday, October 24th. Barclays lowered their target price on TreeHouse Foods from $25.00 to $21.00 and set an “equal weight” rating for the company in a research report on Tuesday, July 15th. Mizuho reduced their price target on shares of TreeHouse Foods from $24.00 to $22.00 and set a “neutral” rating on the stock in a research report on Monday, July 28th. Finally, Zacks Research lowered shares of TreeHouse Foods from a “hold” rating to a “strong sell” rating in a research report on Friday, October 24th. Seven research analysts have rated the stock with a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat, TreeHouse Foods currently has a consensus rating of “Reduce” and an average price target of $23.33.

TreeHouse Foods Price Performance

The company has a debt-to-equity ratio of 0.98, a quick ratio of 0.38 and a current ratio of 1.26. The company has a market capitalization of $1.17 billion, a P/E ratio of 59.37 and a beta of 0.25. The firm’s fifty day moving average is $18.64 and its 200 day moving average is $20.08.

Institutional Trading of TreeHouse Foods

A number of hedge funds and other institutional investors have recently bought and sold shares of THS. GSA Capital Partners LLP boosted its stake in shares of TreeHouse Foods by 63.1% during the third quarter. GSA Capital Partners LLP now owns 72,070 shares of the company’s stock valued at $1,457,000 after purchasing an additional 27,885 shares during the period. Public Sector Pension Investment Board boosted its position in TreeHouse Foods by 11.9% in the 3rd quarter. Public Sector Pension Investment Board now owns 173,370 shares of the company’s stock valued at $3,504,000 after buying an additional 18,411 shares during the period. Rhumbline Advisers grew its stake in TreeHouse Foods by 4.1% in the 3rd quarter. Rhumbline Advisers now owns 151,089 shares of the company’s stock worth $3,053,000 after acquiring an additional 6,014 shares in the last quarter. Hantz Financial Services Inc. increased its position in shares of TreeHouse Foods by 430.9% during the third quarter. Hantz Financial Services Inc. now owns 1,460 shares of the company’s stock worth $30,000 after acquiring an additional 1,185 shares during the period. Finally, Jones Financial Companies Lllp increased its position in shares of TreeHouse Foods by 12,606.7% during the third quarter. Jones Financial Companies Lllp now owns 3,812 shares of the company’s stock worth $77,000 after acquiring an additional 3,782 shares during the period. Hedge funds and other 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.