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

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)'s stock price hit a new 52-week low during mid-day trading on Friday . The company traded as low as $18.49 and last traded at $18.68, with a volume of 236341 shares changing hands. The stock had previously closed at $19.13.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on THS shares. TD Cowen dropped their target price on TreeHouse Foods from $32.00 to $27.00 and set a "hold" rating on the stock in a research report on Friday, April 11th. Stifel Nicolaus cut their price target on TreeHouse Foods from $24.00 to $23.00 and set a "hold" rating for the company in a report on Tuesday, July 29th. Barclays cut their price objective on TreeHouse Foods from $25.00 to $21.00 and set an "equal weight" rating for the company in a research note on Tuesday, July 15th. Mizuho lowered their price target on shares of TreeHouse Foods from $24.00 to $22.00 and set a "neutral" rating on the stock in a report on Monday, July 28th. Finally, Truist Financial cut their price target on TreeHouse Foods from $25.00 to $20.00 and set a "hold" rating for the company in a research note on Thursday, May 8th. Eight analysts have rated the stock with a hold rating, According to data from MarketBeat.com, TreeHouse Foods has a consensus rating of "Hold" and a consensus target price of $24.00.

TreeHouse Foods Stock Performance

The company has a debt-to-equity ratio of 0.98, a quick ratio of 0.38 and a current ratio of 1.26. The stock has a market cap of $941.57 million, a PE ratio of 47.81 and a beta of 0.25. The firm has a fifty day moving average price of $20.70 and a 200 day moving average price of $25.02.

TreeHouse Foods (NYSE:THS - Get Free Report) last released its earnings results on Thursday, July 31st. The company reported $0.17 EPS for the quarter, topping analysts' consensus estimates of $0.10 by $0.07. The firm had revenue of $801.40 million during the quarter, compared to the consensus estimate 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 was up 1.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.29 earnings per share. Research analysts forecast that TreeHouse Foods, Inc. will post 1.94 earnings per share for the current fiscal year.

Insider Activity

In other TreeHouse Foods news, Director Jana Partners Management, Lp acquired 17,678 shares of the business's 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 transaction, the director directly 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 purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 11.10% of the stock is currently owned by insiders.

Institutional Investors Weigh In On TreeHouse Foods

A number of large investors have recently modified their holdings of THS. Blue Trust Inc. grew its position in TreeHouse Foods by 50.7% in 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 during the period. GAMMA Investing LLC increased its position in shares of TreeHouse Foods by 719.7% during the 2nd quarter. GAMMA Investing LLC now owns 2,918 shares of the company's stock worth $57,000 after purchasing an additional 2,562 shares during the last quarter. Sterling Capital Management LLC increased its position in shares of 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 during the last quarter. State of Wyoming purchased a new stake in TreeHouse Foods in the 1st quarter valued at about $93,000. Finally, CWM LLC lifted its position in TreeHouse Foods by 4,868.8% in the second quarter. CWM LLC now owns 8,745 shares of the company's stock valued at $170,000 after buying an additional 8,569 shares during the last quarter. Hedge funds and other 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.

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