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

TreeHouse Foods, Inc. (NYSE:THS - Get Free Report) shares reached a new 52-week low during mid-day trading on Monday . The company traded as low as $20.52 and last traded at $20.82, with a volume of 43433 shares trading hands. The stock had previously closed at $20.72.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on THS shares. Truist Financial reduced their price objective 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. TD Cowen lowered their target price on shares of TreeHouse Foods from $32.00 to $27.00 and set a "hold" rating on the stock in a research report on Friday, April 11th. Barclays lowered their target price on shares of TreeHouse Foods from $26.00 to $25.00 and set an "equal weight" rating on the stock in a research report on Thursday, May 8th. Finally, Stifel Nicolaus lowered their target price on shares of TreeHouse Foods from $26.00 to $24.00 and set a "hold" rating on the stock in a research report on Thursday, April 24th. Eight analysts have rated the stock with a hold rating, According to MarketBeat.com, TreeHouse Foods currently has a consensus rating of "Hold" and an average target price of $27.83.

TreeHouse Foods Price Performance

The stock has a market capitalization of $1.03 billion, a price-to-earnings ratio of 157.17 and a beta of 0.28. The company's 50-day simple moving average is $22.32 and its 200 day simple moving average is $28.38. The company has a quick ratio of 0.27, a current ratio of 1.14 and a debt-to-equity ratio of 0.93.

TreeHouse Foods (NYSE:THS - Get Free Report) last issued its quarterly earnings results on Tuesday, May 6th. The company reported $0.03 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.21) by $0.24. The company had revenue of $792.00 million for the quarter, compared to the consensus estimate of $789.66 million. TreeHouse Foods had a return on equity of 6.73% and a net margin of 0.20%. The firm's revenue was down 3.5% compared to the same quarter last year. During the same period last year, the business posted ($0.03) earnings per share. Equities research analysts forecast that TreeHouse Foods, Inc. will post 1.94 EPS for the current year.

Insider Activity

In other news, CEO Steven Oakland bought 4,660 shares of the firm's stock in a transaction that occurred on Thursday, May 8th. The shares were acquired 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 now directly owns 369,521 shares in the company, valued at $7,929,920.66. This represents a 1.28% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, 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 cost of $21.85 per share, for a total transaction of $2,726,552.25. Following the completion of the transaction, the director now owns 5,040,533 shares of the company's stock, valued at $110,135,646.05. This represents a 2.54% increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last ninety days, insiders have acquired 147,123 shares of company stock valued at $3,234,741. 11.10% of the stock is owned by insiders.

Institutional Investors Weigh In On TreeHouse Foods

A number of institutional investors have recently added to or reduced their stakes in the company. Intech Investment Management LLC grew its position in TreeHouse Foods by 104.6% during the first quarter. Intech Investment Management LLC now owns 48,058 shares of the company's stock worth $1,302,000 after buying an additional 24,564 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its position in TreeHouse Foods by 1.4% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 118,895 shares of the company's stock worth $3,221,000 after buying an additional 1,599 shares in the last quarter. Empowered Funds LLC acquired a new stake in TreeHouse Foods during the first quarter worth about $4,021,000. Dynamic Technology Lab Private Ltd bought a new position in TreeHouse Foods during the first quarter worth about $1,025,000. Finally, Sessa Capital IM L.P. lifted its stake in TreeHouse Foods by 29.5% during the first quarter. Sessa Capital IM L.P. now owns 4,200,000 shares of the company's stock worth $113,778,000 after purchasing an additional 957,517 shares during the period. 99.81% of the stock is 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.