The stock of TreeHouse Foods Inc. (NYSE:THS) gapped down by $11.95 today and has $65.49 target or 6.00% below today’s $69.67 share price. The 8 months technical chart setup indicates high risk for the $3.91 billion company. The gap down was reported on Nov, 3 by Barchart.com. If the $65.49 price target is reached, the company will be worth $234.60M less.
Gaps down are helpful for identifying a resistance level and to could also be used as a tradeable event. If traders are short the stock and it experiece gap down, then its usually advisable to hold the short for a bigger down move. Back-tests of such patterns show that two-thirds of the these patterns the stock performance worsens after the gap. The area gaps close 91% of the time, the breakaway gaps 1%, the continuation gaps 9% and the exhaustion gaps 64%. About 7.21 million shares traded hands or 1012.62% up from the average. TreeHouse Foods Inc. (NYSE:THS) has declined 2.62% since April 1, 2016 and is downtrending. It has underperformed by 3.83% the S&P500.
TreeHouse Foods Inc. (NYSE:THS) Ratings Coverage
Out of 7 analysts covering Treehouse Foods (NYSE:THS), 6 rate it a “Buy”, 0 “Sell”, while 1 “Hold”. This means 86% are positive. Treehouse Foods has been the topic of 14 analyst reports since August 7, 2015 according to StockzIntelligence Inc. The rating was initiated by KeyBanc Capital Markets with “Overweight” on Thursday, May 26. As per Friday, October 2, the company rating was upgraded by Bank of America. The company was initiated on Monday, October 26 by Susquehanna. The firm has “Market Perform” rating by BMO Capital Markets given on Friday, November 6. The rating was initiated by Jefferies on Wednesday, December 16 with “Buy”. The firm has “Overweight” rating given on Tuesday, February 9 by JP Morgan. The rating was maintained by Credit Suisse with “Neutral” on Friday, August 7. Stephens upgraded TreeHouse Foods Inc. (NYSE:THS) on Wednesday, August 26 to “Equal-Weight” rating.
According to Zacks Investment Research, “TreeHouse Foods is a food manufacturer servicing primarily the retail grocery and foodservice channels. Its products include pickles and related products; non-dairy powdered coffee creamer; and other food products including aseptic sauces, refrigerated salad dressings, and liquid non-dairy creamer.”
Insitutional Activity: The institutional sentiment decreased to 1.01 in Q2 2016. Its down 1.42, from 2.43 in 2016Q1. The ratio is negative, as 29 funds sold all TreeHouse Foods Inc. shares owned while 97 reduced positions. 39 funds bought stakes while 88 increased positions. They now own 58.55 million shares or 2.37% less from 59.97 million shares in 2016Q1.
Waters Parkerson And Limited Liability Corporation owns 61,275 shares or 0.67% of their US portfolio. First Republic Investment Management has 0% invested in the company for 3,011 shares. Qs Investors Ltd owns 12 shares or 0% of their US portfolio. Bbva Compass last reported 0.04% of its portfolio in the stock. Connable Office owns 4,000 shares or 0.11% of their US portfolio. Waddell And Reed Inc accumulated 245,822 shares or 0.05% of the stock. Bluecrest Capital Management holds 0.4% or 95,042 shares in its portfolio. The Wisconsin-based Johnson Fincl Group Inc has invested 0% in TreeHouse Foods Inc. (NYSE:THS). Calvert Investment Incorporated last reported 0.02% of its portfolio in the stock. Davidson Kempner Cap Lp reported 335,000 shares or 1.54% of all its holdings. The Texas-based Dimensional Fund Advisors Limited Partnership has invested 0.04% in TreeHouse Foods Inc. (NYSE:THS). Stephens Ltd Co holds 310,917 shares or 1.05% of its portfolio. Swiss National Bank holds 0.02% or 93,551 shares in its portfolio. Amalgamated State Bank holds 8,141 shares or 0.05% of its portfolio. Hsbc Hldg Pcl has invested 0% of its portfolio in TreeHouse Foods Inc. (NYSE:THS).
Insider Transactions: Since May 5, 2016, the stock had 0 insider buys, and 4 insider sales for $1.82 million net activity. On Friday, August 19 ONeill Thomas Emmet III sold $582,000 worth of the stock or 6,000 shares. $294,176 worth of shares were sold by Sliva Christopher D on Monday, June 6. Kahler Erik Thomas sold $513,000 worth of TreeHouse Foods Inc. (NYSE:THS) on Thursday, May 5.
More notable recent TreeHouse Foods Inc. (NYSE:THS) news were published by: Wsj.com which released: “TreeHouse Foods Shuffles Executives, Sets Plan to Shutter Facility in Canada” on November 03, 2016, also Businesswire.com with their article: “INVESTOR ALERT: Investigation of TreeHouse Foods Inc. Announced by Law Offices …” published on November 03, 2016, Businesswire.com published: “INVESTOR ALERT: Goldberg Law PC Announces an Investigation of TreeHouse Foods …” on November 03, 2016. More interesting news about TreeHouse Foods Inc. (NYSE:THS) were released by: Reuters.com and their article: “TreeHouse Foods cuts profit forecast, closes plant” published on November 03, 2016 as well as Prnewswire.com‘s news article titled: “TreeHouse Foods Issues Voluntary Product Recall Due to Possible Health Risk” with publication date: May 03, 2016.
THS Company Profile
TreeHouse Foods, Inc., incorporated on January 25, 2005, is a consumer packaged food and beverage manufacturing company. The Company’s divisions include North American Retail Grocery, Food Away From Home, and Industrial and Export. The Firm makes a range of shelf stable, refrigerated and fresh products. The Company’s product categories include beverages, salad dressings, snacks, beverage enhancers, pickles, Mexican and other sauces, soup and infant feeding, cereals, dry dinners, aseptic products, jams and other products. The Firm offers its services to retail grocery, food away from home, and industrial and export customers. The Firm has approximately 20 manufacturing facilities across the United States and Canada. With its offering of packaging formats and flavor profiles, the Company also offers natural, organic and preservative-free ingredients in various categories. The Firm supplies to approximately 200 food retail clients in North America.
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