TreeHouse Foods (NYSE:THS) Hits New 12-Month Low - What's Next?

Shares of TreeHouse Foods, Inc. (NYSE:THS - Get Free Report) hit a new 52-week low during mid-day trading on Monday . The company traded as low as $21.39 and last traded at $21.57, with a volume of 79136 shares. The stock had previously closed at $22.10.

Analyst Upgrades and Downgrades

THS has been the subject of a number of research reports. TD Cowen lowered their price target on shares of TreeHouse Foods from $32.00 to $27.00 and set a "hold" rating for the company in a report on Friday, April 11th. Jefferies Financial Group dropped their target price on TreeHouse Foods from $37.00 to $31.00 and set a "hold" rating for the company in a research report on Tuesday, February 18th. Truist Financial decreased their price target on TreeHouse Foods from $30.00 to $25.00 and set a "hold" rating on the stock in a report on Thursday. StockNews.com raised TreeHouse Foods from a "sell" rating to a "hold" rating in a report on Tuesday, February 18th. Finally, Stifel Nicolaus reduced 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 note on Thursday. Eight research analysts have rated the stock with a hold rating, According to MarketBeat, TreeHouse Foods has an average rating of "Hold" and a consensus target price of $30.50.

TreeHouse Foods Stock Performance

The stock has a market cap of $1.13 billion, a P/E ratio of 41.56 and a beta of 0.40. The stock has a fifty day simple moving average of $26.70 and a 200-day simple moving average of $32.28. The company has a quick ratio of 0.63, a current ratio of 1.36 and a debt-to-equity ratio of 0.90.

TreeHouse Foods (NYSE:THS - Get Free Report) last issued its quarterly earnings data on Friday, February 14th. The company reported $0.95 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.97 by ($0.02). The firm had revenue of $905.70 million for the quarter, compared to analyst estimates of $907.71 million. TreeHouse Foods had a net margin of 0.80% and a return on equity of 6.42%. The firm's revenue for the quarter was down .5% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.77 EPS. Equities analysts expect that TreeHouse Foods, Inc. will post 1.94 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in THS. FMR LLC lifted its holdings in shares of TreeHouse Foods by 90.5% during the 4th quarter. FMR LLC now owns 5,219,543 shares of the company's stock valued at $183,363,000 after purchasing an additional 2,479,495 shares in the last quarter. Dimensional Fund Advisors LP lifted its stake in TreeHouse Foods by 4.4% in the fourth quarter. Dimensional Fund Advisors LP now owns 3,296,849 shares of the company's stock valued at $115,818,000 after buying an additional 137,744 shares in the last quarter. Sessa Capital IM L.P. boosted its holdings in shares of TreeHouse Foods by 121.9% in the fourth quarter. Sessa Capital IM L.P. now owns 3,242,483 shares of the company's stock valued at $113,908,000 after buying an additional 1,781,179 shares during the period. Charles Schwab Investment Management Inc. increased its position in shares of TreeHouse Foods by 3.8% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 901,064 shares of the company's stock worth $31,654,000 after acquiring an additional 32,613 shares in the last quarter. Finally, William Blair Investment Management LLC increased its holdings in TreeHouse Foods by 2.0% during the 4th quarter. William Blair Investment Management LLC now owns 898,536 shares of the company's stock worth $31,566,000 after purchasing an additional 17,225 shares in the last quarter. 99.81% of the stock is currently owned by institutional investors.

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.