TreeHouse Foods (NYSE:THS) Reaches New 12-Month Low - Here's What Happened

Key Points

• TreeHouse Foods reached a new 52-week low of $18.49 during trading, closing at $18.68 with a high trading volume of 236,341 shares.
• Analysts have collectively downgraded the company's stock, with multiple firms lowering their price targets, the consensus now being a target price of $24.00 and a rating of "Hold."
• TreeHouse Foods reported earnings per share of $0.17 for the last quarter, exceeding expectations, with revenue increasing by 1.2% year-over-year.

TreeHouse Foods, Inc. (NYSE:THS - Get Free Report) hit a new 52-week low during trading on Friday . The company traded as low as $18.49 and last traded at $18.68, with a volume of 236341 shares trading hands. The stock had previously closed at $19.13.

Analyst Ratings Changes

A number of research analysts have commented on THS shares. Barclays lowered their target price on TreeHouse Foods from $25.00 to $21.00 and set an "equal weight" rating on the stock in a research note on Tuesday, July 15th. Stifel Nicolaus reduced their price target 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. Mizuho reduced their price target 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. Finally, Truist Financial reduced their price target 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. Eight research analysts have rated the stock with a hold rating, According to data from MarketBeat, TreeHouse Foods currently has a consensus rating of "Hold" and a consensus price target of $24.00.

TreeHouse Foods Stock Performance

The firm has a fifty day simple moving average of $20.46 and a 200 day simple moving average of $24.61. The company has a current ratio of 1.26, a quick ratio of 0.38 and a debt-to-equity ratio of 0.98. The stock has a market cap of $945.36 million, a price-to-earnings ratio of 48.08 and a beta of 0.25.

TreeHouse Foods (NYSE:THS - Get Free Report) last posted 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. The firm had revenue of $801.40 million during the quarter, compared to analysts' expectations of $788.84 million. TreeHouse Foods had a return on equity of 6.35% and a net margin of 0.62%. The company's revenue for the quarter was up 1.2% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.29 EPS. As a group, sell-side analysts expect that TreeHouse Foods, Inc. will post 1.94 earnings per share for the current year.

Hedge Funds Weigh In On TreeHouse Foods

Several large investors have recently added to or reduced their stakes in THS. GAMMA Investing LLC grew its stake in shares of TreeHouse Foods by 1,328.7% in the 1st quarter. GAMMA Investing LLC now owns 9,644 shares of the company's stock valued at $261,000 after purchasing an additional 8,969 shares during the period. Northern Trust Corp grew its stake in shares of TreeHouse Foods by 5.9% in the 4th quarter. Northern Trust Corp now owns 502,601 shares of the company's stock valued at $17,656,000 after purchasing an additional 28,029 shares during the period. Principal Financial Group Inc. grew its stake in shares of TreeHouse Foods by 0.7% in the 1st quarter. Principal Financial Group Inc. now owns 225,073 shares of the company's stock valued at $6,097,000 after purchasing an additional 1,551 shares during the period. Envestnet Asset Management Inc. grew its stake in shares of TreeHouse Foods by 5.8% in the 1st quarter. Envestnet Asset Management Inc. now owns 33,324 shares of the company's stock valued at $903,000 after purchasing an additional 1,830 shares during the period. Finally, Wells Fargo & Company MN grew its stake in shares of TreeHouse Foods by 23.7% in the 4th quarter. Wells Fargo & Company MN now owns 29,376 shares of the company's stock valued at $1,032,000 after purchasing an additional 5,622 shares during the period. Institutional investors and hedge funds own 99.81% of the company's stock.

About TreeHouse Foods

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.