TreeHouse Foods (NYSE:THS) Sets New 52-Week Low - Should You Sell?

Key Points

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

Analyst Ratings Changes

A number of equities research analysts have issued reports on the company. Mizuho decreased their target price on TreeHouse Foods from $24.00 to $22.00 and set a "neutral" rating for the company in a research report on Monday, July 28th. 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 research report on Tuesday, July 15th. 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 research report on Friday, April 11th. Truist Financial decreased their target price on TreeHouse Foods from $25.00 to $20.00 and set a "hold" rating for the company in a research report on Thursday, May 8th. Finally, Stifel Nicolaus decreased their target price on TreeHouse Foods from $24.00 to $23.00 and set a "hold" rating for the company in a research report on Tuesday, July 29th. Eight investment analysts have rated the stock with a hold rating, According to MarketBeat.com, TreeHouse Foods has a consensus rating of "Hold" and an average target price of $24.00.

TreeHouse Foods Stock Down 1.4%

The company has a quick ratio of 0.38, a current ratio of 1.26 and a debt-to-equity ratio of 0.98. The company has a market capitalization of $970.86 million, a P/E ratio of 49.32 and a beta of 0.25. The firm has a 50-day moving average price of $20.94 and a two-hundred day moving average price of $25.31.

TreeHouse Foods (NYSE:THS - Get Free Report) last posted its quarterly earnings data on Thursday, July 31st. The company reported $0.17 earnings per share 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 company had revenue of $801.40 million during the quarter, compared to analysts' expectations of $788.84 million. During the same period in the prior year, the business earned $0.29 earnings per share. TreeHouse Foods's revenue for the quarter was up 1.2% compared to the same quarter last year. Equities research analysts anticipate that TreeHouse Foods, Inc. will post 1.94 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, Director Jana Partners Management, Lp bought 124,785 shares of the business's stock in a transaction that occurred on Thursday, May 8th. The stock was acquired at an average cost of $21.85 per share, for a total transaction of $2,726,552.25. Following the completion of the purchase, the director owned 5,040,533 shares of the company's stock, valued at $110,135,646.05. This trade represents a 2.54% increase in their position. The purchase was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Steven Oakland bought 4,660 shares of the business's stock in a transaction that occurred on Thursday, May 8th. The stock was purchased at an average price of $21.46 per share, with a total value of $100,003.60. Following the completion of the purchase, the chief executive officer directly owned 369,521 shares of the company's stock, valued at $7,929,920.66. This represents a 1.28% increase in their position. The disclosure for this purchase can be found here. Insiders purchased 147,123 shares of company stock valued at $3,234,741 over the last 90 days. 11.10% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the company. Blue Trust Inc. raised its stake in TreeHouse Foods by 50.7% during the second quarter. Blue Trust Inc. now owns 2,878 shares of the company's stock worth $56,000 after acquiring an additional 968 shares in the last quarter. GAMMA Investing LLC raised its stake in TreeHouse Foods by 719.7% during the second quarter. GAMMA Investing LLC now owns 2,918 shares of the company's stock worth $57,000 after acquiring an additional 2,562 shares in the last quarter. Sterling Capital Management LLC raised its stake in TreeHouse Foods by 134.4% during the fourth quarter. Sterling Capital Management LLC now owns 2,374 shares of the company's stock worth $83,000 after acquiring an additional 1,361 shares in the last quarter. State of Wyoming acquired a new position in TreeHouse Foods during the first quarter worth $93,000. Finally, CIBC Private Wealth Group LLC raised its stake in TreeHouse Foods by 58.2% during the fourth quarter. CIBC Private Wealth Group LLC now owns 4,101 shares of the company's stock worth $142,000 after acquiring an additional 1,508 shares in the last quarter. 99.81% of the stock is currently owned by institutional investors and hedge funds.

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.