TreeHouse Foods (NYSE:THS) Hits New 1-Year Low - Should You Sell?

TreeHouse Foods, Inc. (NYSE:THS - Get Free Report)'s stock price hit a new 52-week low during mid-day trading on Tuesday . The company traded as low as $19.29 and last traded at $19.46, with a volume of 564858 shares changing hands. The stock had previously closed at $19.49.

Analysts Set New Price Targets

Several equities research analysts recently commented on THS shares. Barclays reduced their price objective on TreeHouse Foods from $26.00 to $25.00 and set an "equal weight" rating for the company in a report on Thursday, May 8th. TD Cowen dropped their price target 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. Truist Financial reduced their price target on shares of TreeHouse Foods from $25.00 to $20.00 and set a "hold" rating for the company in a research note on Thursday, May 8th. Finally, 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 research report on Thursday, April 24th. Eight equities research analysts have rated the stock with a hold rating, According to MarketBeat.com, the company presently has a consensus rating of "Hold" and an average target price of $27.83.

TreeHouse Foods Stock Down 0.7%

The company has a quick ratio of 0.27, a current ratio of 1.14 and a debt-to-equity ratio of 0.93. The company has a fifty day simple moving average of $21.86 and a 200-day simple moving average of $27.36. The firm has a market cap of $1.06 billion, a P/E ratio of 160.78 and a beta of 0.25.

TreeHouse Foods (NYSE:THS - Get Free Report) last announced its quarterly earnings data 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 company had revenue of $792.00 million during the quarter, compared to the consensus estimate of $789.66 million. TreeHouse Foods had a return on equity of 6.73% and a net margin of 0.20%. The firm's revenue was down 3.5% on a year-over-year basis. During the same period in the previous year, the company posted ($0.03) EPS. On average, equities analysts anticipate that TreeHouse Foods, Inc. will post 1.94 earnings per share for the current year.

Insiders Place Their Bets

In other news, CEO Steven Oakland bought 4,660 shares of the company's stock in a transaction that occurred on Thursday, May 8th. The stock was bought at an average price of $21.46 per share, with a total value of $100,003.60. Following the acquisition, the chief executive officer owned 369,521 shares of the company's stock, valued at approximately $7,929,920.66. This represents a 1.28% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Jana Partners Management, Lp purchased 17,678 shares of the business's stock in a transaction on Monday, May 12th. The stock was acquired at an average price of $23.09 per share, with a total value of $408,185.02. Following the purchase, the director directly owned 5,482,337 shares in the company, valued at $126,587,161.33. This represents a 0.32% increase in their position. The disclosure for this purchase can be found here. Over the last three months, insiders bought 147,123 shares of company stock valued at $3,234,741. Corporate insiders own 11.10% of the company's stock.

Institutional Trading of TreeHouse Foods

Several institutional investors and hedge funds have recently added to or reduced their stakes in THS. Hsbc Holdings PLC boosted its stake in TreeHouse Foods by 4.5% in the 4th quarter. Hsbc Holdings PLC now owns 9,024 shares of the company's stock worth $317,000 after purchasing an additional 385 shares during the period. Comerica Bank lifted its holdings in shares of TreeHouse Foods by 1.5% in the fourth quarter. Comerica Bank now owns 28,207 shares of the company's stock worth $991,000 after buying an additional 407 shares in the last quarter. Illinois Municipal Retirement Fund boosted its position in shares of TreeHouse Foods by 2.3% during the first quarter. Illinois Municipal Retirement Fund now owns 25,462 shares of the company's stock worth $690,000 after acquiring an additional 562 shares during the last quarter. Bank of Montreal Can grew its stake in TreeHouse Foods by 9.6% during the fourth quarter. Bank of Montreal Can now owns 7,740 shares of the company's stock valued at $272,000 after acquiring an additional 681 shares in the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in TreeHouse Foods by 2.7% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 26,838 shares of the company's stock valued at $943,000 after acquiring an additional 696 shares in the last quarter. Institutional investors 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.