TreeHouse Foods Target of Unusually High Options Trading (NYSE:THS)

TreeHouse Foods, Inc. (NYSE:THS) was the target of unusually large options trading on Monday. Traders acquired 2,995 call options on the company. This is an increase of approximately 298% compared to the typical daily volume of 752 call options.

Analyst Ratings Changes

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

TreeHouse Foods Stock Performance

THS traded up $4.58 on Monday, hitting $23.63. 4,351,359 shares of the company traded hands, compared to its average volume of 763,368. TreeHouse Foods has a 12-month low of $15.85 and a 12-month high of $40.77. The company has a quick ratio of 0.38, a current ratio of 1.26 and a debt-to-equity ratio of 0.98. The stock has a market capitalization of $1.19 billion, a PE ratio of 60.39 and a beta of 0.25. The company has a 50 day moving average of $18.64 and a 200-day moving average of $20.08.

Hedge Funds Weigh In On TreeHouse Foods

Several hedge funds and other institutional investors have recently bought and sold shares of THS. Vanguard Group Inc. boosted its stake in shares of TreeHouse Foods by 1.4% during the 1st quarter. Vanguard Group Inc. now owns 5,573,043 shares of the company’s stock worth $150,974,000 after purchasing an additional 77,457 shares during the last quarter. Sessa Capital IM L.P. lifted its stake in shares of TreeHouse Foods by 29.5% in the 1st quarter. Sessa Capital IM L.P. now owns 4,200,000 shares of the company’s stock valued at $113,778,000 after purchasing an additional 957,517 shares in the last quarter. Geode Capital Management LLC grew its stake in TreeHouse Foods by 4.8% during the second quarter. Geode Capital Management LLC now owns 1,138,099 shares of the company’s stock worth $22,105,000 after buying an additional 52,130 shares during the period. Charles Schwab Investment Management Inc. increased its holdings in TreeHouse Foods by 3.9% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 936,493 shares of the company’s stock valued at $25,370,000 after purchasing an additional 35,429 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership raised its holdings in shares of TreeHouse Foods by 61.3% during the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 541,426 shares of the company’s stock valued at $10,514,000 after buying an additional 205,852 shares during the period. 99.81% of the stock is owned by institutional investors and hedge funds.

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.