TreeHouse Foods (NYSE:THS) Hits New 1-Year Low – What’s Next?

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

Analyst Ratings Changes

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

TreeHouse Foods Trading Up 0.8 %

The stock has a 50 day simple moving average of $32.92 and a 200-day simple moving average of $36.12. The firm has a market cap of $1.41 billion, a P/E 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 issued its quarterly earnings data on Friday, February 14th. The company reported $0.95 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 for the quarter, compared to analysts’ expectations of $907.71 million. During the same quarter last year, the company earned $0.77 earnings per share. The company’s revenue for the quarter was down .5% on a year-over-year basis. On average, equities research analysts expect that TreeHouse Foods, Inc. will post 1.94 EPS for the current fiscal year.

Hedge Funds Weigh In On TreeHouse Foods

A number of large investors have recently bought and sold shares of the business. Hsbc Holdings PLC raised its holdings in shares of TreeHouse Foods by 4.5% in the fourth quarter. Hsbc Holdings PLC now owns 9,024 shares of the company’s stock valued at $317,000 after acquiring an additional 385 shares in the last quarter. Comerica Bank boosted its position in TreeHouse Foods by 1.5% during the 4th quarter. Comerica Bank now owns 28,207 shares of the company’s stock valued at $991,000 after acquiring an additional 407 shares in the last quarter. BNP Paribas Financial Markets boosted its position in TreeHouse Foods by 4.7% during the 3rd quarter. BNP Paribas Financial Markets now owns 10,657 shares of the company’s stock valued at $447,000 after acquiring an additional 481 shares in the last quarter. KBC Group NV increased its holdings in shares of TreeHouse Foods by 40.9% in the 3rd quarter. KBC Group NV now owns 1,943 shares of the company’s stock valued at $82,000 after acquiring an additional 564 shares during the period. Finally, Bank of Montreal Can boosted its position in TreeHouse Foods by 9.6% during the fourth quarter. Bank of Montreal Can now owns 7,740 shares of the company’s stock valued at $272,000 after purchasing an additional 681 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.