TreeHouse Foods (NYSE:THS) Sets New 52-Week Low – Here’s Why

TreeHouse Foods, Inc. (NYSE:THS) shares hit a new 52-week low 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.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on THS shares. Stifel Nicolaus decreased their target price on shares of TreeHouse Foods from $35.00 to $26.00 and set a “hold” rating on the stock in a research report on Friday, April 11th. StockNews.com upgraded TreeHouse Foods from a “sell” rating to a “hold” rating in a report on Tuesday, February 18th. Jefferies Financial Group decreased their price target on TreeHouse Foods from $37.00 to $31.00 and set a “hold” rating on the stock in a research note on Tuesday, February 18th. Barclays raised their target price on shares of TreeHouse Foods from $35.00 to $36.00 and gave the stock an “equal weight” rating in a report on Tuesday, February 18th. Finally, TD Cowen cut 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. Eight equities research analysts have rated the stock with a hold rating, According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $31.67.

TreeHouse Foods Price Performance

The company has a quick ratio of 0.63, a current ratio of 1.36 and a debt-to-equity ratio of 0.90. The firm’s 50-day moving average is $27.71 and its 200-day moving average is $32.85. The company has a market cap of $1.10 billion, a PE ratio of 40.50 and a beta of 0.40.

TreeHouse Foods (NYSE:THS) last issued its quarterly earnings results on Friday, February 14th. The company reported $0.95 earnings per share for the quarter, missing the consensus estimate of $0.97 by ($0.02). The firm had revenue of $905.70 million during the quarter, compared to analysts’ expectations of $907.71 million. TreeHouse Foods had a return on equity of 6.42% and a net margin of 0.80%. TreeHouse Foods’s revenue for the quarter was down .5% on a year-over-year basis. During the same period in the previous year, the company earned $0.77 earnings per share. On average, equities analysts anticipate that TreeHouse Foods, Inc. will post 1.94 EPS for the current year.

Institutional Trading of TreeHouse Foods

A number of hedge funds have recently made changes to their positions in the stock. Blue Trust Inc. boosted its holdings in TreeHouse Foods by 456.7% in the fourth quarter. Blue Trust Inc. now owns 1,119 shares of the company’s stock worth $39,000 after acquiring an additional 918 shares in the last quarter. Sterling Capital Management LLC grew its position in TreeHouse Foods by 134.4% during the 4th quarter. Sterling Capital Management LLC now owns 2,374 shares of the company’s stock valued at $83,000 after purchasing an additional 1,361 shares during the last quarter. KBC Group NV increased its stake in TreeHouse Foods by 45.1% during the 4th quarter. KBC Group NV now owns 2,820 shares of the company’s stock valued at $99,000 after purchasing an additional 877 shares in the last quarter. CIBC Private Wealth Group LLC raised its holdings 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 worth $142,000 after buying an additional 1,508 shares during the last quarter. Finally, Legacy Wealth Asset Management LLC bought a new position in shares of TreeHouse Foods in the fourth quarter worth approximately $216,000. 99.81% of the stock is 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.