Insider Selling: TreeHouse Foods (NYSE:THS) SVP Sells $145,047.63 in Stock

TreeHouse Foods, Inc. (NYSE:THS) SVP Stephen Alan Landry sold 6,097 shares of the business’s stock in a transaction that occurred on Tuesday, December 16th. The stock was sold at an average price of $23.79, for a total value of $145,047.63. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

TreeHouse Foods Trading Down 0.9%

NYSE:THS opened at $23.61 on Friday. TreeHouse Foods, Inc. has a 12 month low of $15.85 and a 12 month high of $40.77. The firm has a market cap of $1.19 billion, a price-to-earnings ratio of -4.92 and a beta of 0.18. The company has a quick ratio of 0.40, a current ratio of 1.29 and a debt-to-equity ratio of 1.18. The company’s 50 day moving average is $21.82 and its 200-day moving average is $20.33.

TreeHouse Foods (NYSE:THS) last posted its quarterly earnings data on Monday, November 10th. The company reported $0.43 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.53 by ($0.10). The firm had revenue of $841.90 million for the quarter, compared to the consensus estimate of $853.53 million. TreeHouse Foods had a positive return on equity of 5.52% and a negative net margin of 7.25%.TreeHouse Foods’s quarterly revenue was up .1% on a year-over-year basis. During the same period in the prior year, the company posted ($0.07) earnings per share. Equities analysts anticipate that TreeHouse Foods, Inc. will post 1.94 EPS for the current year.

Institutional Investors Weigh In On TreeHouse Foods

A number of institutional investors have recently bought and sold shares of THS. Hudson Bay Capital Management LP acquired a new position in shares of TreeHouse Foods in the 3rd quarter valued at $229,000. Penn Capital Management Company LLC increased its stake in TreeHouse Foods by 24.2% in the third quarter. Penn Capital Management Company LLC now owns 111,105 shares of the company’s stock valued at $2,245,000 after acquiring an additional 21,649 shares during the period. Dark Forest Capital Management LP raised its position in TreeHouse Foods by 581.3% in the third quarter. Dark Forest Capital Management LP now owns 203,813 shares of the company’s stock worth $4,119,000 after purchasing an additional 173,899 shares in the last quarter. Voloridge Investment Management LLC lifted its stake in TreeHouse Foods by 143.1% during the third quarter. Voloridge Investment Management LLC now owns 407,798 shares of the company’s stock worth $8,242,000 after purchasing an additional 240,034 shares during the period. Finally, Qube Research & Technologies Ltd boosted its holdings in TreeHouse Foods by 181.8% during the third quarter. Qube Research & Technologies Ltd now owns 352,256 shares of the company’s stock valued at $7,119,000 after purchasing an additional 227,268 shares in the last quarter. Institutional investors and hedge funds own 99.81% of the company’s stock.

Analyst Upgrades and Downgrades

THS has been the subject of several recent analyst reports. Weiss Ratings restated a “sell (e+)” rating on shares of TreeHouse Foods in a research note on Monday. Zacks Research cut TreeHouse Foods from a “hold” rating to a “strong sell” rating in a research report on Friday, October 24th. Barclays boosted their target price on shares of TreeHouse Foods from $21.00 to $23.00 and gave the stock an “equal weight” rating in a research report on Tuesday, November 11th. Truist Financial increased their price target on shares of TreeHouse Foods from $20.00 to $22.50 and gave the company a “hold” rating in a report on Thursday, November 13th. Finally, Stifel Nicolaus raised their price target on shares of TreeHouse Foods from $19.00 to $22.50 and gave the stock a “hold” rating in a research report on Tuesday, November 11th. Seven research analysts have rated the stock with a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Reduce” and an average target price of $24.67.

About TreeHouse Foods

TreeHouse Foods, Inc (NYSE: THS) is a leading manufacturer and supplier of private-label packaged food and beverage products. Headquartered in Oak Brook, Illinois, the company partners with major grocery chains, club retailers and foodservice outlets to develop, produce and distribute a diverse portfolio of items under store brands and, in select categories, under its own labels.

Since its founding in 2005 through the consolidation of several specialty food businesses, TreeHouse Foods has grown primarily through strategic acquisitions and operational integration.