TreeHouse Foods (NYSE:THS) Sets New 52-Week Low - What's Next?

TreeHouse Foods, Inc. (NYSE:THS - Get Free Report)'s share price reached a new 52-week low during mid-day trading on Wednesday . The company traded as low as $19.75 and last traded at $19.82, with a volume of 135415 shares trading hands. The stock had previously closed at $20.83.

Wall Street Analysts Forecast Growth

THS has been the topic of a number of research reports. Truist Financial dropped their target price on shares of TreeHouse Foods from $25.00 to $20.00 and set a "hold" rating on the stock in a research report on Thursday, May 8th. Stifel Nicolaus lowered their price objective on shares of TreeHouse Foods from $26.00 to $24.00 and set a "hold" rating on the stock in a report on Thursday, April 24th. TD Cowen lowered their price objective on shares of TreeHouse Foods from $32.00 to $27.00 and set a "hold" rating on the stock in a report on Friday, April 11th. Finally, Barclays lowered their price objective on shares of TreeHouse Foods from $26.00 to $25.00 and set an "equal weight" rating on the stock in a report on Thursday, May 8th. Eight equities research analysts have rated the stock with a hold rating, According to data from MarketBeat, TreeHouse Foods presently has a consensus rating of "Hold" and a consensus target price of $27.83.

TreeHouse Foods Trading Down 1.1%

The firm has a 50 day simple moving average of $22.05 and a two-hundred day simple moving average of $27.83. The firm has a market capitalization of $987.12 million, a P/E ratio of 150.37 and a beta of 0.28. The company has a debt-to-equity ratio of 0.93, a quick ratio of 0.27 and a current ratio of 1.14.

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

Insider Activity

In related news, CEO Steven Oakland purchased 4,660 shares of TreeHouse Foods stock in a transaction that occurred on Thursday, May 8th. The stock was bought at an average price of $21.46 per share, for a total transaction of $100,003.60. Following the completion of the transaction, the chief executive officer now 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 filing with the SEC, which is accessible through this hyperlink. Also, Director Jana Partners Management, Lp purchased 124,785 shares of TreeHouse Foods stock in a transaction that occurred on Thursday, May 8th. The shares were bought at an average price of $21.85 per share, with a total value of $2,726,552.25. Following the transaction, the director now owns 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 disclosure for this purchase can be found here. Insiders bought a total of 147,123 shares of company stock worth $3,234,741 over the last quarter. Insiders own 11.10% of the company's stock.

Hedge Funds Weigh In On TreeHouse Foods

Several institutional investors have recently added to or reduced their stakes in THS. Principal Financial Group Inc. grew its stake in shares of TreeHouse Foods by 1.5% during the 4th quarter. Principal Financial Group Inc. now owns 223,522 shares of the company's stock worth $7,852,000 after acquiring an additional 3,238 shares during the period. US Bancorp DE lifted its holdings in TreeHouse Foods by 42.9% during the fourth quarter. US Bancorp DE now owns 17,459 shares of the company's stock valued at $613,000 after purchasing an additional 5,241 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in TreeHouse Foods by 3.8% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 901,064 shares of the company's stock valued at $31,654,000 after purchasing an additional 32,613 shares during the last quarter. Raymond James Financial Inc. bought a new position in TreeHouse Foods during the fourth quarter worth about $10,362,000. Finally, Amundi increased its stake in shares of TreeHouse Foods by 132.5% in the fourth quarter. Amundi now owns 25,878 shares of the company's stock worth $894,000 after purchasing an additional 14,750 shares in the last quarter. 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.