TreeHouse Foods (NYSE:THS) Reaches New 12-Month Low - Should You Sell?

Key Points

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TreeHouse Foods, Inc. (NYSE:THS - Get Free Report) shares reached a new 52-week low during mid-day trading on Thursday . The stock traded as low as $18.50 and last traded at $19.74, with a volume of 107059 shares trading hands. The stock had previously closed at $20.57.

Analysts Set New Price Targets

THS has been the subject of several recent analyst reports. Mizuho lowered their price target on TreeHouse Foods from $24.00 to $22.00 and set a "neutral" rating for the company in a report on Monday, July 28th. TD Cowen decreased their target price on TreeHouse Foods from $32.00 to $27.00 and set a "hold" rating for the company in a report on Friday, April 11th. Barclays decreased their target price on TreeHouse Foods from $25.00 to $21.00 and set an "equal weight" rating for the company in a report on Tuesday, July 15th. Stifel Nicolaus decreased their price target on TreeHouse Foods from $24.00 to $23.00 and set a "hold" rating for the company in a report on Tuesday. Finally, Truist Financial decreased their price target on TreeHouse Foods from $25.00 to $20.00 and set a "hold" rating for the company in a report on Thursday, May 8th. Eight equities research analysts have rated the stock with a hold rating, According to MarketBeat.com, the company has an average rating of "Hold" and an average price target of $24.00.

TreeHouse Foods Price Performance

The stock has a 50 day simple moving average of $20.94 and a two-hundred day simple moving average of $25.44. The company has a market cap of $985.76 million, a price-to-earnings ratio of 50.05 and a beta of 0.25. The company has a debt-to-equity ratio of 0.98, a current ratio of 1.26 and a quick ratio of 0.27.

TreeHouse Foods (NYSE:THS - Get Free Report) last announced its quarterly earnings results on Thursday, July 31st. The company reported $0.17 EPS for the quarter, beating the consensus estimate of $0.10 by $0.07. TreeHouse Foods had a return on equity of 6.35% and a net margin of 0.62%. The business had revenue of $801.40 million for the quarter, compared to analyst estimates of $788.84 million. During the same quarter in the prior year, the company posted $0.29 EPS. The company's quarterly revenue was up 1.2% on a year-over-year basis. On average, equities research analysts predict that TreeHouse Foods, Inc. will post 1.94 earnings per share for the current fiscal year.

Insider Activity

In other news, Director Jana Partners Management, Lp bought 124,785 shares of the firm's stock in a transaction that occurred on Thursday, May 8th. The shares were purchased at an average price of $21.85 per share, with a total value of $2,726,552.25. Following the purchase, the director owned 5,040,533 shares in the company, valued at approximately $110,135,646.05. The trade was a 2.54% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Steven Oakland acquired 4,660 shares of the stock in a transaction dated Thursday, May 8th. The shares were bought at an average cost of $21.46 per share, with a total value of $100,003.60. Following the completion of the transaction, the chief executive officer owned 369,521 shares of the company's stock, valued at approximately $7,929,920.66. This represents a 1.28% increase in their position. The disclosure for this purchase can be found here. In the last three months, insiders have purchased 147,123 shares of company stock worth $3,234,741. 11.10% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the business. FMR LLC grew its stake in shares of TreeHouse Foods by 90.5% in the 4th quarter. FMR LLC now owns 5,219,543 shares of the company's stock valued at $183,363,000 after purchasing an additional 2,479,495 shares during the last quarter. Sessa Capital IM L.P. lifted its holdings in shares of TreeHouse Foods by 121.9% in the 4th quarter. Sessa Capital IM L.P. now owns 3,242,483 shares of the company's stock valued at $113,908,000 after buying an additional 1,781,179 shares during the period. Bridgeway Capital Management LLC acquired a new stake in shares of TreeHouse Foods in the 1st quarter valued at approximately $6,730,000. Dark Forest Capital Management LP acquired a new position in TreeHouse Foods during the first quarter worth $5,798,000. Finally, D. E. Shaw & Co. Inc. raised its holdings in TreeHouse Foods by 96.4% during the fourth quarter. D. E. Shaw & Co. Inc. now owns 343,086 shares of the company's stock worth $12,053,000 after purchasing an additional 168,365 shares during the last quarter. Hedge funds and other institutional investors own 99.81% of the company's stock.

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.