TreeHouse Foods (NYSE:THS) Reaches New 1-Year Low Following Analyst Downgrade

TreeHouse Foods, Inc. (NYSE:THS - Get Free Report)'s stock price reached a new 52-week low during mid-day trading on Tuesday after Barclays lowered their price target on the stock from $25.00 to $21.00. Barclays currently has an equal weight rating on the stock. TreeHouse Foods traded as low as $19.12 and last traded at $19.13, with a volume of 690453 shares changing hands. The stock had previously closed at $20.63.

A number of other equities research analysts have also weighed in on the stock. Truist Financial cut 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 dropped their target price 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. Finally, 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 report on Friday, April 11th. Eight investment analysts have rated the stock with a hold rating, According to data from MarketBeat.com, the company currently has an average rating of "Hold" and an average price target of $27.17.

Insider Transactions at TreeHouse Foods

In other news, Director Jana Partners Management, Lp acquired 17,678 shares of TreeHouse Foods stock in a transaction dated Monday, May 12th. The stock was acquired at an average cost of $23.09 per share, for a total transaction of $408,185.02. Following the completion of the purchase, the director owned 5,482,337 shares of the company's stock, valued at $126,587,161.33. This represents a 0.32% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Steven Oakland bought 4,660 shares of the business's stock in a transaction on Thursday, May 8th. The shares were acquired 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 owned 369,521 shares in the company, valued at approximately $7,929,920.66. This trade represents a 1.28% increase in their position. The disclosure for this purchase can be found here. Insiders have bought 147,123 shares of company stock valued at $3,234,741 in the last three months. Corporate insiders own 11.10% of the company's stock.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. GAMMA Investing LLC lifted its position in shares of 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 purchasing an additional 2,562 shares in the last quarter. Sterling Capital Management LLC increased its stake in TreeHouse Foods by 134.4% during the 4th quarter. Sterling Capital Management LLC now owns 2,374 shares of the company's stock worth $83,000 after purchasing an additional 1,361 shares in the last quarter. State of Wyoming acquired a new stake in shares of TreeHouse Foods during the first quarter worth $93,000. CIBC Private Wealth Group LLC grew its position in TreeHouse Foods by 58.2% in the fourth quarter. CIBC Private Wealth Group LLC now owns 4,101 shares of the company's stock valued at $142,000 after acquiring an additional 1,508 shares during the last quarter. Finally, Vident Advisory LLC acquired a new position in shares of TreeHouse Foods in the fourth quarter worth approximately $223,000. Institutional investors own 99.81% of the company's stock.

TreeHouse Foods Price Performance

The company has a debt-to-equity ratio of 0.93, a current ratio of 1.14 and a quick ratio of 0.27. The company has a fifty day moving average of $21.64 and a 200-day moving average of $26.80. The firm has a market cap of $966.07 million, a P/E ratio of 147.17 and a beta of 0.25.

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

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.