TreeHouse Foods (NYSE:THS) Hits New 12-Month Low – Here’s Why

TreeHouse Foods, Inc. (NYSE:THS) shares hit a new 52-week low on Thursday . The stock traded as low as $27.76 and last traded at $28.07, with a volume of 73479 shares trading hands. The stock had previously closed at $28.51.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on THS shares. Consumer Edge downgraded TreeHouse Foods from an “overweight” rating to an “equal weight” rating in a research report on Friday, November 15th. Stifel Nicolaus boosted their price target on TreeHouse Foods from $32.00 to $35.00 and gave the stock a “hold” rating in a research note on Friday, January 24th. Jefferies Financial Group cut their price objective on shares of TreeHouse Foods from $37.00 to $31.00 and set a “hold” rating on the stock in a report on Tuesday, February 18th. Barclays lifted their target price on shares of TreeHouse Foods from $35.00 to $36.00 and gave the stock an “equal weight” rating in a research note on Tuesday, February 18th. Finally, StockNews.com raised TreeHouse Foods from a “sell” rating to a “hold” rating in a research report on Tuesday, February 18th. Eight equities research analysts have rated the stock with a hold rating, Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $34.83.

TreeHouse Foods Stock Up 0.8 %

The business has a 50-day moving average price of $32.92 and a 200-day moving average price of $36.12. The stock has a market cap of $1.41 billion, a PE ratio of 51.97 and a beta of 0.15. The company has a current ratio of 1.36, a quick ratio of 0.63 and a debt-to-equity ratio of 0.90.

TreeHouse Foods (NYSE:THS) last announced its earnings results on Friday, February 14th. The company reported $0.95 earnings per share (EPS) 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 company had revenue of $905.70 million during the quarter, compared to analyst estimates of $907.71 million. During the same quarter last year, the business earned $0.77 EPS. The firm’s revenue for the quarter was down .5% compared to the same quarter last year. As a group, analysts forecast that TreeHouse Foods, Inc. will post 1.94 earnings per share for the current year.

Hedge Funds Weigh In On TreeHouse Foods

Hedge funds have recently made changes to their positions in the company. Pullen Investment Management LLC increased its position in shares of TreeHouse Foods by 83.4% during the fourth quarter. Pullen Investment Management LLC now owns 44,646 shares of the company’s stock worth $1,568,000 after purchasing an additional 20,304 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in shares of TreeHouse Foods by 10.1% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 117,296 shares of the company’s stock worth $4,121,000 after buying an additional 10,746 shares in the last quarter. Voloridge Investment Management LLC purchased a new position in shares of TreeHouse Foods in the fourth quarter worth about $5,613,000. Vident Advisory LLC acquired a new position in TreeHouse Foods during the fourth quarter worth about $223,000. Finally, Two Sigma Advisers LP purchased a new stake in TreeHouse Foods during the 4th quarter valued at about $696,000. 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.