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

TreeHouse Foods, Inc. (NYSE:THS) was the target of some unusual options trading activity on Tuesday. Traders acquired 2,732 call options on the stock. This is an increase of approximately 951% compared to the typical volume of 260 call options.

TreeHouse Foods Stock Down 6.7 %

Shares of NYSE:THS opened at $28.55 on Thursday. The company has a market cap of $1.43 billion, a price-to-earnings ratio of 52.87 and a beta of 0.15. The firm’s 50-day simple moving average is $33.19 and its 200-day simple moving average is $36.23. The company has a quick ratio of 0.63, a current ratio of 1.36 and a debt-to-equity ratio of 0.90. TreeHouse Foods has a fifty-two week low of $28.04 and a fifty-two week high of $43.84.

TreeHouse Foods (NYSE:THS) last issued its earnings results on Friday, February 14th. The company reported $0.95 earnings per share for the quarter, missing the consensus estimate of $0.97 by ($0.02). TreeHouse Foods had a net margin of 0.80% and a return on equity of 6.42%. The firm had revenue of $905.70 million during the quarter, compared to analysts’ expectations of $907.71 million. During the same period in the previous year, the firm earned $0.77 EPS. The firm’s revenue was down .5% on a year-over-year basis. As a group, equities research analysts predict that TreeHouse Foods will post 1.94 earnings per share for the current year.

Institutional Trading of TreeHouse Foods

Several hedge funds and other 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 83.4% in the fourth quarter. Pullen Investment Management LLC now owns 44,646 shares of the company’s stock valued at $1,568,000 after purchasing an additional 20,304 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in TreeHouse Foods by 10.1% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 117,296 shares of the company’s stock worth $4,121,000 after acquiring an additional 10,746 shares during the last quarter. Voloridge Investment Management LLC acquired a new position in TreeHouse Foods during the fourth quarter worth about $5,613,000. Vident Advisory LLC acquired a new position in TreeHouse Foods during the fourth quarter worth about $223,000. Finally, Two Sigma Advisers LP acquired a new position in TreeHouse Foods during the fourth quarter worth about $696,000. Institutional investors and hedge funds own 99.81% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently commented on the stock. StockNews.com upgraded shares of TreeHouse Foods from a “sell” rating to a “hold” rating in a report on Tuesday, February 18th. Consumer Edge lowered shares of TreeHouse Foods from an “overweight” rating to an “equal weight” rating in a report on Friday, November 15th. Stifel Nicolaus increased their target price on shares of TreeHouse Foods from $32.00 to $35.00 and gave the stock a “hold” rating in a report on Friday, January 24th. Truist Financial reduced their target price on shares of TreeHouse Foods from $35.00 to $30.00 and set a “hold” rating on the stock in a report on Wednesday, November 13th. Finally, Jefferies Financial Group reduced their target price on shares of TreeHouse Foods from $37.00 to $31.00 and set a “hold” rating on the stock in a report on Tuesday, February 18th. Eight research analysts have rated the stock with a hold rating, According to data from MarketBeat, TreeHouse Foods currently has an average rating of “Hold” and an average price target of $34.83.

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.