TreeHouse Foods (NYSE:THS) Sets New 12-Month Low at $34.27

Shares of TreeHouse Foods, Inc. (NYSE:THS) hit a new 52-week low on Monday . The stock traded as low as $34.27 and last traded at $34.70, with a volume of 134018 shares. The stock had previously closed at $37.26.

Analyst Ratings Changes

Separately, Truist Financial lowered TreeHouse Foods from a “buy” rating to a “hold” rating and lowered their price target for the company from $45.00 to $35.00 in a report on Tuesday, February 20th. Six investment analysts have rated the stock with a hold rating, According to data from MarketBeat, TreeHouse Foods currently has an average rating of “Hold” and a consensus target price of $46.67.

TreeHouse Foods Trading Down 7.2 %

The company has a quick ratio of 0.74, a current ratio of 1.50 and a debt-to-equity ratio of 0.84. The firm’s 50 day moving average is $37.08 and its two-hundred day moving average is $39.60. The company has a market cap of $1.86 billion, a P/E ratio of 36.26 and a beta of 0.35.

TreeHouse Foods (NYSE:THS) last posted its quarterly earnings data on Friday, February 16th. The company reported $0.77 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.71 by $0.06. TreeHouse Foods had a net margin of 1.51% and a return on equity of 8.09%. The firm had revenue of $910.60 million for the quarter, compared to the consensus estimate of $924.87 million. During the same period in the previous year, the firm earned $0.98 EPS. The business’s revenue for the quarter was down 8.6% compared to the same quarter last year. As a group, equities research analysts anticipate that TreeHouse Foods, Inc. will post 2.22 EPS for the current year.

Hedge Funds Weigh In On TreeHouse Foods

A number of large investors have recently added to or reduced their stakes in the business. JANA Partners Management LP purchased a new position in shares of TreeHouse Foods during the third quarter valued at approximately $213,877,000. Dimensional Fund Advisors LP grew its position in TreeHouse Foods by 4.5% during the fourth quarter. Dimensional Fund Advisors LP now owns 3,364,605 shares of the company’s stock valued at $139,463,000 after buying an additional 145,261 shares during the period. Wellington Management Group LLP raised its position in TreeHouse Foods by 6.5% in the third quarter. Wellington Management Group LLP now owns 1,231,391 shares of the company’s stock worth $53,664,000 after acquiring an additional 75,162 shares during the period. Brown Advisory Inc. boosted its stake in shares of TreeHouse Foods by 20.5% during the 4th quarter. Brown Advisory Inc. now owns 1,123,484 shares of the company’s stock worth $46,568,000 after acquiring an additional 191,157 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. grew its position in shares of TreeHouse Foods by 3.2% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 766,245 shares of the company’s stock valued at $31,761,000 after acquiring an additional 23,597 shares during the period. Hedge funds and other institutional investors own 99.81% of the company’s stock.

TreeHouse Foods Company Profile

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.