TreeHouse Foods (NYSE:THS) Shares Gap Up – Time to Buy?

Shares of TreeHouse Foods, Inc. (NYSE:THS) gapped up prior to trading 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 traded.

Wall Street Analysts Forecast Growth

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

TreeHouse Foods Stock Performance

The company has a current ratio of 1.26, a quick ratio of 0.38 and a debt-to-equity ratio of 0.98. The company has a market cap of $1.17 billion, a PE ratio of 59.37 and a beta of 0.25. The firm’s 50-day simple moving average is $18.64 and its two-hundred day simple moving average is $20.08.

Institutional Trading of TreeHouse Foods

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. EverSource Wealth Advisors LLC increased its holdings in shares of TreeHouse Foods by 320.8% in the second quarter. EverSource Wealth Advisors LLC now owns 1,355 shares of the company’s stock valued at $26,000 after purchasing an additional 1,033 shares during the period. Hantz Financial Services Inc. increased its holdings in TreeHouse Foods by 430.9% in the 3rd quarter. Hantz Financial Services Inc. now owns 1,460 shares of the company’s stock worth $30,000 after buying an additional 1,185 shares during the period. Blue Trust Inc. raised its position in TreeHouse Foods by 50.7% during the 2nd quarter. Blue Trust Inc. now owns 2,878 shares of the company’s stock worth $56,000 after buying an additional 968 shares during the last quarter. GAMMA Investing LLC lifted its stake in TreeHouse Foods by 719.7% during the 2nd quarter. GAMMA Investing LLC now owns 2,918 shares of the company’s stock valued at $57,000 after acquiring an additional 2,562 shares during the period. Finally, State of Wyoming purchased a new stake in shares of TreeHouse Foods in the 1st quarter valued at $93,000. Institutional investors and hedge funds 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.