TreeHouse Foods (NYSE:THS) Reaches New 52-Week Low – What’s Next?

TreeHouse Foods, Inc. (NYSE:THS) shares hit a new 52-week low during mid-day trading on Friday . The stock traded as low as $25.15 and last traded at $26.16, with a volume of 423 shares. The stock had previously closed at $26.41.

Analysts Set New Price Targets

A number of research firms recently weighed in on THS. StockNews.com raised shares of TreeHouse Foods from a “sell” rating to a “hold” rating in a report on Tuesday, February 18th. Stifel Nicolaus boosted their target price on shares of TreeHouse Foods from $32.00 to $35.00 and gave the stock a “hold” rating in a report on Friday, January 24th. Jefferies Financial Group lowered their price target 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. Finally, Barclays boosted their price objective on TreeHouse Foods from $35.00 to $36.00 and gave the stock an “equal weight” rating in a research note on Tuesday, February 18th. Eight equities research analysts have rated the stock with a hold rating, Based on data from MarketBeat, TreeHouse Foods presently has an average rating of “Hold” and a consensus target price of $34.83.

TreeHouse Foods Trading Down 1.7 %

The stock’s fifty day moving average price is $30.52 and its 200 day moving average price is $34.43. The stock has a market capitalization of $1.30 billion, a P/E ratio of 48.07 and a beta of 0.40. The company has a debt-to-equity ratio of 0.90, a current ratio of 1.36 and a quick ratio of 0.63.

TreeHouse Foods (NYSE:THS) last issued its earnings results on Friday, February 14th. The company reported $0.95 EPS for the quarter, missing analysts’ consensus estimates of $0.97 by ($0.02). The company had revenue of $905.70 million for 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%. The business’s revenue was down .5% compared to the same quarter last year. During the same period last year, the business posted $0.77 earnings per share. Research analysts forecast that TreeHouse Foods, Inc. will post 1.94 earnings per share for the current year.

Hedge Funds Weigh In On TreeHouse Foods

Several institutional investors have recently made changes to their positions in the company. Jane Street Group LLC grew its holdings in TreeHouse Foods by 37.7% during the 3rd quarter. Jane Street Group LLC now owns 124,173 shares of the company’s stock worth $5,213,000 after acquiring an additional 33,978 shares in the last quarter. Raymond James Financial Inc. purchased a new stake in shares of TreeHouse Foods during the 4th quarter worth $10,362,000. JPMorgan Chase & Co. boosted its position in TreeHouse Foods by 187.6% during the third quarter. JPMorgan Chase & Co. now owns 316,428 shares of the company’s stock valued at $13,284,000 after purchasing an additional 206,411 shares in the last quarter. Entropy Technologies LP purchased a new position in TreeHouse Foods in the fourth quarter valued at about $333,000. Finally, HighTower Advisors LLC raised its holdings in TreeHouse Foods by 90.8% in the third quarter. HighTower Advisors LLC now owns 11,374 shares of the company’s stock worth $488,000 after purchasing an additional 5,413 shares in the last quarter. 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.