TreeHouse Foods (NYSE:THS) Shares Gap Up on Better-Than-Expected Earnings

TreeHouse Foods, Inc. (NYSE:THS)’s stock price gapped up before the market opened on Monday following a stronger than expected earnings report. The stock had previously closed at $39.31, but opened at $40.47. TreeHouse Foods shares last traded at $39.64, with a volume of 19,963 shares changing hands.

The company reported $0.29 EPS for the quarter, topping the consensus estimate of $0.13 by $0.16. The firm had revenue of $788.50 million for the quarter, compared to analyst estimates of $784.10 million. TreeHouse Foods had a net margin of 0.76% and a return on equity of 5.81%. The business’s revenue for the quarter was down 1.9% compared to the same quarter last year. During the same period in the prior year, the business posted $0.42 EPS.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the stock. TD Cowen reduced their target price on shares of TreeHouse Foods from $38.00 to $37.00 and set a “hold” rating on the stock in a report on Tuesday, May 7th. Mizuho assumed coverage on shares of TreeHouse Foods in a report on Thursday, June 6th. They set a “neutral” rating and a $37.00 target price on the stock. Stifel Nicolaus increased their target price on shares of TreeHouse Foods from $36.00 to $41.00 and gave the stock a “hold” rating in a report on Tuesday. Barclays increased their target price on shares of TreeHouse Foods from $36.00 to $39.00 and gave the stock an “equal weight” rating in a report on Tuesday. Finally, StockNews.com upgraded shares of TreeHouse Foods from a “sell” rating to a “hold” rating in a report on Tuesday. Seven analysts have rated the stock with a hold rating, According to MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $39.50.

Insiders Place Their Bets

In other news, SVP Stephen Alan Landry sold 3,723 shares of the firm’s stock in a transaction on Monday, May 13th. The shares were sold at an average price of $34.99, for a total value of $130,267.77. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.90% of the stock is currently owned by insiders.

Institutional Trading of TreeHouse Foods

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Innealta Capital LLC acquired a new stake in shares of TreeHouse Foods in the second quarter valued at about $44,000. GAMMA Investing LLC increased its holdings in TreeHouse Foods by 304.7% during the 2nd quarter. GAMMA Investing LLC now owns 1,291 shares of the company’s stock valued at $47,000 after acquiring an additional 972 shares in the last quarter. Central Pacific Bank Trust Division purchased a new position in TreeHouse Foods during the 1st quarter valued at about $48,000. Rothschild Investment LLC purchased a new position in TreeHouse Foods during the 2nd quarter valued at about $67,000. Finally, TFO Wealth Partners LLC grew its holdings in shares of TreeHouse Foods by 78,600.0% during the fourth quarter. TFO Wealth Partners LLC now owns 2,361 shares of the company’s stock worth $98,000 after buying an additional 2,358 shares in the last quarter. Institutional investors and hedge funds own 99.81% of the company’s stock.

TreeHouse Foods Trading Down 2.7 %

The firm has a market capitalization of $1.96 billion, a PE ratio of 81.07 and a beta of 0.24. The company has a quick ratio of 0.66, a current ratio of 1.52 and a debt-to-equity ratio of 0.87. The business’s fifty day moving average price is $37.16 and its 200 day moving average price is $37.57.

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.