TreeHouse Foods (NYSE:THS) Reaches New 52-Week Low After Analyst Downgrade

TreeHouse Foods, Inc. (NYSE:THS) reached a new 52-week low during trading on Tuesday after Barclays lowered their price target on the stock from $25.00 to $21.00. Barclays currently has an equal weight rating on the stock. TreeHouse Foods traded as low as $19.12 and last traded at $19.13, with a volume of 690453 shares trading hands. The stock had previously closed at $20.63.

Several other equities analysts have also recently commented on the stock. Stifel Nicolaus reduced their price target on shares of TreeHouse Foods from $26.00 to $24.00 and set a “hold” rating on the stock in a research report on Thursday, April 24th. Truist Financial reduced their target price on TreeHouse Foods from $25.00 to $20.00 and set a “hold” rating on the stock in a report on Thursday, May 8th. Finally, TD Cowen lowered their price target on TreeHouse Foods from $32.00 to $27.00 and set a “hold” rating for the company in a report on Friday, April 11th. Eight research analysts have rated the stock with a hold rating, According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $27.17.

Insider Transactions at TreeHouse Foods

In related news, CEO Steven Oakland bought 4,660 shares of the stock in a transaction dated Thursday, May 8th. The stock was bought at an average cost of $21.46 per share, with a total value of $100,003.60. Following the completion of the acquisition, the chief executive officer owned 369,521 shares of the company’s stock, valued at $7,929,920.66. This trade represents a 1.28% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Jana Partners Management, Lp purchased 124,785 shares of the company’s stock in a transaction dated Thursday, May 8th. The shares were bought at an average price of $21.85 per share, for a total transaction of $2,726,552.25. Following the completion of the transaction, the director directly owned 5,040,533 shares in the company, valued at approximately $110,135,646.05. This trade represents a 2.54% increase in their position. The disclosure for this purchase can be found here. Insiders acquired 147,123 shares of company stock worth $3,234,741 in the last three months. 11.10% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On TreeHouse Foods

Several large investors have recently made changes to their positions in THS. FMR LLC boosted its position in shares of TreeHouse Foods by 90.5% during the fourth quarter. FMR LLC now owns 5,219,543 shares of the company’s stock worth $183,363,000 after buying an additional 2,479,495 shares during the period. Sessa Capital IM L.P. boosted its position in TreeHouse Foods by 121.9% during the 4th quarter. Sessa Capital IM L.P. now owns 3,242,483 shares of the company’s stock worth $113,908,000 after acquiring an additional 1,781,179 shares during the period. Raymond James Financial Inc. acquired a new position in TreeHouse Foods during the 4th quarter worth $10,362,000. Bridgeway Capital Management LLC bought a new position in shares of TreeHouse Foods in the first quarter worth $6,730,000. Finally, Dark Forest Capital Management LP acquired a new position in shares of TreeHouse Foods during the first quarter valued at $5,798,000. Institutional investors and hedge funds own 99.81% of the company’s stock.

TreeHouse Foods Price Performance

The business has a fifty day moving average price of $21.52 and a 200 day moving average price of $26.64. The company has a debt-to-equity ratio of 0.93, a current ratio of 1.14 and a quick ratio of 0.27. The company has a market capitalization of $966.07 million, a price-to-earnings ratio of 147.17 and a beta of 0.25.

TreeHouse Foods (NYSE:THS) last released its earnings results on Tuesday, May 6th. The company reported $0.03 EPS for the quarter, beating the consensus estimate of ($0.21) by $0.24. TreeHouse Foods had a net margin of 0.20% and a return on equity of 6.73%. The firm had revenue of $792.00 million for the quarter, compared to analysts’ expectations of $789.66 million. During the same quarter last year, the company earned ($0.03) EPS. TreeHouse Foods’s quarterly revenue was down 3.5% on a year-over-year basis. On average, research analysts expect that TreeHouse Foods, Inc. will post 1.94 earnings per share for the current fiscal year.

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.