TreeHouse Foods Inc. (THS) Short Interest Up 63.1% in November

TreeHouse Foods Inc. (NYSE:THS) was the recipient of a significant growth in short interest during the month of November. As of November 15th, there was short interest totalling 9,977,656 shares, a growth of 63.1% from the October 31st total of 6,115,853 shares. Approximately 18.1% of the company’s stock are short sold. Based on an average daily volume of 1,450,761 shares, the short-interest ratio is currently 6.9 days.

Shares of NYSE THS opened at $50.02 on Wednesday. TreeHouse Foods has a 52-week low of $36.35 and a 52-week high of $55.60. The company has a market cap of $2.95 billion, a price-to-earnings ratio of 17.77, a PEG ratio of 4.48 and a beta of 0.46. The company has a debt-to-equity ratio of 1.07, a quick ratio of 0.59 and a current ratio of 1.90.

TreeHouse Foods (NYSE:THS) last announced its quarterly earnings data on Thursday, November 1st. The company reported $0.62 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.55 by $0.07. TreeHouse Foods had a positive return on equity of 5.61% and a negative net margin of 5.93%. The firm had revenue of $1.39 billion for the quarter, compared to analysts’ expectations of $1.42 billion. During the same quarter in the prior year, the firm posted $0.67 earnings per share. TreeHouse Foods’s revenue for the quarter was down 10.0% compared to the same quarter last year. As a group, equities research analysts predict that TreeHouse Foods will post 2.13 EPS for the current fiscal year.

In related news, VP Thomas Emmet Oneill III sold 3,987 shares of the stock in a transaction dated Wednesday, November 7th. The stock was sold at an average price of $48.00, for a total value of $191,376.00. Following the completion of the transaction, the vice president now owns 131,720 shares of the company’s stock, valued at $6,322,560. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 3.60% of the company’s stock.

Several institutional investors have recently made changes to their positions in the company. Hsbc Holdings PLC raised its position in shares of TreeHouse Foods by 20.6% during the 3rd quarter. Hsbc Holdings PLC now owns 6,278 shares of the company’s stock worth $301,000 after purchasing an additional 1,074 shares during the period. State of Alaska Department of Revenue raised its position in shares of TreeHouse Foods by 34.4% during the 3rd quarter. State of Alaska Department of Revenue now owns 5,670 shares of the company’s stock worth $271,000 after purchasing an additional 1,450 shares during the period. Riverhead Capital Management LLC raised its position in shares of TreeHouse Foods by 21.2% during the 3rd quarter. Riverhead Capital Management LLC now owns 8,587 shares of the company’s stock worth $411,000 after purchasing an additional 1,500 shares during the period. PNC Financial Services Group Inc. raised its position in shares of TreeHouse Foods by 62.9% during the 2nd quarter. PNC Financial Services Group Inc. now owns 3,901 shares of the company’s stock worth $204,000 after purchasing an additional 1,506 shares during the period. Finally, Mutual of America Capital Management LLC raised its position in shares of TreeHouse Foods by 3.7% during the 2nd quarter. Mutual of America Capital Management LLC now owns 48,227 shares of the company’s stock worth $2,532,000 after purchasing an additional 1,743 shares during the period.

THS has been the subject of a number of analyst reports. Citigroup reduced their price target on TreeHouse Foods from $58.00 to $55.00 and set a “buy” rating for the company in a report on Friday, November 2nd. Wells Fargo & Co cut their price objective on TreeHouse Foods from $50.00 to $48.00 and set a “market perform” rating on the stock in a research note on Monday, November 5th. ValuEngine upgraded TreeHouse Foods from a “sell” rating to a “hold” rating in a research note on Friday, November 2nd. UBS Group set a $47.00 price objective on TreeHouse Foods and gave the company a “hold” rating in a research note on Friday, November 2nd. Finally, Zacks Investment Research restated a “sell” rating on shares of TreeHouse Foods in a research note on Friday, November 16th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and three have issued a buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of $48.82.

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TreeHouse Foods Company Profile

TreeHouse Foods, Inc operates as a food and beverage manufacturer in the United States, Canada, and Italy. The company operates through Baked Goods, Beverages, Condiments, Meals, and Snacks segments. The Baked Goods segment offers candies, cookies, crackers, in-store bakery products, pita chips, pretzels, refrigerated dough, retail griddle waffles, pancakes, and French toasts.

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