TreeHouse Foods (NYSE:THS) Sets New 1-Year Low at $34.27

TreeHouse Foods, Inc. (NYSE:THS - Get Free Report) reached a new 52-week low during trading on Monday . The stock traded as low as $34.27 and last traded at $34.70, with a volume of 134018 shares trading hands. The stock had previously closed at $37.26.

Analysts Set New Price Targets

Separately, Truist Financial downgraded TreeHouse Foods from a "buy" rating to a "hold" rating and reduced their price objective for the company from $45.00 to $35.00 in a research note on Tuesday, February 20th. Six analysts have rated the stock with a hold rating, According to MarketBeat.com, the company has a consensus rating of "Hold" and a consensus price target of $46.67.

TreeHouse Foods Trading Down 7.2 %

The company has a current ratio of 1.50, a quick ratio of 0.74 and a debt-to-equity ratio of 0.84. The company has a fifty day simple moving average of $37.04 and a 200-day simple moving average of $39.56. The company has a market capitalization of $1.86 billion, a PE ratio of 36.40 and a beta of 0.35.

TreeHouse Foods (NYSE:THS - Get Free Report) last issued its earnings results on Friday, February 16th. The company reported $0.77 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.71 by $0.06. The company had revenue of $910.60 million during the quarter, compared to analysts' expectations of $924.87 million. TreeHouse Foods had a return on equity of 8.09% and a net margin of 1.51%. The firm's quarterly revenue was down 8.6% on a year-over-year basis. During the same period in the prior year, the business earned $0.98 EPS. Analysts predict that TreeHouse Foods, Inc. will post 2.22 EPS for the current year.

Hedge Funds Weigh In On TreeHouse Foods

A number of hedge funds have recently modified their holdings of the business. Verdence Capital Advisors LLC boosted its holdings in TreeHouse Foods by 5.3% during the 3rd quarter. Verdence Capital Advisors LLC now owns 5,982 shares of the company's stock valued at $261,000 after acquiring an additional 303 shares during the period. Commonwealth Equity Services LLC boosted its holdings in TreeHouse Foods by 5.5% during the 3rd quarter. Commonwealth Equity Services LLC now owns 7,321 shares of the company's stock valued at $319,000 after acquiring an additional 384 shares during the period. Raymond James & Associates boosted its holdings in TreeHouse Foods by 2.1% during the 3rd quarter. Raymond James & Associates now owns 19,435 shares of the company's stock valued at $847,000 after acquiring an additional 400 shares during the period. Texas Permanent School Fund Corp boosted its holdings in TreeHouse Foods by 1.3% during the 1st quarter. Texas Permanent School Fund Corp now owns 44,042 shares of the company's stock valued at $1,715,000 after acquiring an additional 570 shares during the period. Finally, Lmcg Investments LLC boosted its holdings in TreeHouse Foods by 2.1% during the 3rd quarter. Lmcg Investments LLC now owns 34,454 shares of the company's stock valued at $1,502,000 after acquiring an additional 711 shares during the period. 99.81% of the stock is currently owned by hedge funds and other institutional investors.

About TreeHouse Foods

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.