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

TreeHouse Foods, Inc. (NYSE:THS)’s share price reached a new 52-week low during mid-day trading on Tuesday . The stock traded as low as $26.02 and last traded at $26.23, with a volume of 462246 shares trading hands. The stock had previously closed at $26.35.

Analysts Set New Price Targets

Several equities research analysts recently commented on THS shares. Barclays boosted their target price on TreeHouse Foods from $35.00 to $36.00 and gave the stock an “equal weight” rating in a report on Tuesday, February 18th. StockNews.com upgraded shares of TreeHouse Foods from a “sell” rating to a “hold” rating in a research report on Tuesday, February 18th. Stifel Nicolaus lifted their price objective on shares of TreeHouse Foods from $32.00 to $35.00 and gave the stock a “hold” rating in a research note on Friday, January 24th. Finally, Jefferies Financial Group reduced their target price on shares of TreeHouse Foods from $37.00 to $31.00 and set a “hold” rating for the company in a report on Tuesday, February 18th. Eight research analysts have rated the stock with a hold rating, Based on data from MarketBeat, TreeHouse Foods presently has a consensus rating of “Hold” and a consensus target price of $34.83.

TreeHouse Foods Stock Performance

The firm’s 50-day simple moving average is $31.92 and its two-hundred day simple moving average is $35.35. The company has a current ratio of 1.36, a quick ratio of 0.63 and a debt-to-equity ratio of 0.90. The stock has a market capitalization of $1.32 billion, a PE ratio of 48.57 and a beta of 0.15.

TreeHouse Foods (NYSE:THS) last posted 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). TreeHouse Foods had a net margin of 0.80% and a return on equity of 6.42%. The business had revenue of $905.70 million for the quarter, compared to analyst estimates of $907.71 million. During the same period in the previous year, the firm posted $0.77 earnings per share. The firm’s quarterly revenue was down .5% on a year-over-year basis. On average, equities research analysts expect that TreeHouse Foods, Inc. will post 1.94 earnings per share for the current fiscal year.

Institutional Investors Weigh In On TreeHouse Foods

Institutional investors have recently modified their holdings of the stock. Blue Trust Inc. raised its holdings in shares of TreeHouse Foods by 456.7% during 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 raised its stake 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 in the last quarter. KBC Group NV lifted its holdings in shares of 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 buying an additional 877 shares during the last quarter. CIBC Private Wealth Group LLC grew its stake in shares of TreeHouse Foods by 58.2% in the 4th quarter. CIBC Private Wealth Group LLC now owns 4,101 shares of the company’s stock valued at $142,000 after buying an additional 1,508 shares in the last quarter. Finally, Legacy Wealth Asset Management LLC acquired a new position in TreeHouse Foods in the fourth quarter worth approximately $216,000. 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.