TreeHouse Foods Sees Unusually High Options Volume (NYSE:THS)

TreeHouse Foods, Inc. (NYSE:THS) saw unusually large options trading activity on Tuesday. Traders purchased 2,732 call options on the company. This is an increase of 951% compared to the average daily volume of 260 call options.

TreeHouse Foods Price Performance

Shares of TreeHouse Foods stock opened at $30.66 on Wednesday. The company has a debt-to-equity ratio of 0.90, a current ratio of 1.36 and a quick ratio of 0.63. TreeHouse Foods has a one year low of $28.04 and a one year high of $43.84. The business’s 50 day simple moving average is $33.28 and its two-hundred day simple moving average is $36.30. The stock has a market capitalization of $1.54 billion, a P/E ratio of 56.79 and a beta of 0.15.

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

Institutional Trading of TreeHouse Foods

Institutional investors have recently modified their holdings of the company. Jane Street Group LLC raised its position in TreeHouse Foods by 37.7% during the 3rd quarter. Jane Street Group LLC now owns 124,173 shares of the company’s stock valued at $5,213,000 after purchasing an additional 33,978 shares during the last quarter. JPMorgan Chase & Co. increased its stake in shares of TreeHouse Foods by 187.6% during the third quarter. JPMorgan Chase & Co. now owns 316,428 shares of the company’s stock valued at $13,284,000 after buying an additional 206,411 shares during the period. Entropy Technologies LP bought a new position in shares of TreeHouse Foods during the fourth quarter valued at approximately $333,000. Chartwell Investment Partners LLC purchased a new stake in TreeHouse Foods in the third quarter worth $8,042,000. Finally, HighTower Advisors LLC lifted its stake in TreeHouse Foods by 90.8% in the third quarter. HighTower Advisors LLC now owns 11,374 shares of the company’s stock worth $488,000 after acquiring an additional 5,413 shares during the period. 99.81% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on THS. StockNews.com raised TreeHouse Foods from a “sell” rating to a “hold” rating in a research note on Tuesday, February 18th. Jefferies Financial Group decreased their price objective on TreeHouse Foods from $37.00 to $31.00 and set a “hold” rating on the stock in a report on Tuesday, February 18th. Stifel Nicolaus boosted their target price on TreeHouse Foods from $32.00 to $35.00 and gave the stock a “hold” rating in a research report on Friday, January 24th. Truist Financial reduced their price target on shares of TreeHouse Foods from $35.00 to $30.00 and set a “hold” rating on the stock in a research report on Wednesday, November 13th. Finally, Barclays boosted their price objective on shares of TreeHouse Foods from $35.00 to $36.00 and gave the stock an “equal weight” rating in a report on Tuesday, February 18th. Eight equities research analysts have rated the stock with a hold rating, According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price 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.