TreeHouse Foods (NYSE:THS) Sets New 52-Week Low – Should You Sell?

TreeHouse Foods, Inc. (NYSE:THS)’s share price reached a new 52-week low during mid-day trading on Wednesday . The stock traded as low as $27.63 and last traded at $27.97, with a volume of 532142 shares changing hands. The stock had previously closed at $27.98.

Wall Street Analyst Weigh In

Several brokerages have issued reports on THS. Jefferies Financial Group decreased their price target on shares of TreeHouse Foods from $37.00 to $31.00 and set a “hold” rating for the company in a research report on Tuesday, February 18th. StockNews.com upgraded TreeHouse Foods from a “sell” rating to a “hold” rating in a report on Tuesday, February 18th. Barclays increased their price objective on TreeHouse Foods from $35.00 to $36.00 and gave the company an “equal weight” rating in a report on Tuesday, February 18th. Finally, Stifel Nicolaus increased their price objective on TreeHouse Foods from $32.00 to $35.00 and gave the company a “hold” rating in a report on Friday, January 24th. Eight research analysts have rated the stock with a hold rating, According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $34.83.

TreeHouse Foods Stock Down 0.0 %

The stock’s 50-day simple moving average is $32.53 and its 200 day simple moving average is $35.78. The company has a quick ratio of 0.63, a current ratio of 1.36 and a debt-to-equity ratio of 0.90. The firm has a market cap of $1.40 billion, a P/E ratio of 51.79 and a beta of 0.15.

TreeHouse Foods (NYSE:THS) last released its earnings results on Friday, February 14th. The company reported $0.95 EPS for the quarter, missing the consensus estimate of $0.97 by ($0.02). The business had revenue of $905.70 million for the quarter, compared to analyst estimates of $907.71 million. TreeHouse Foods had a return on equity of 6.42% and a net margin of 0.80%. The company’s revenue for the quarter was down .5% on a year-over-year basis. During the same period in the prior year, the business earned $0.77 EPS. As a group, research analysts forecast that TreeHouse Foods, Inc. will post 1.94 EPS for the current fiscal year.

Institutional Trading of TreeHouse Foods

Hedge funds have recently modified their holdings of the stock. Oppenheimer Asset Management Inc. bought a new stake in TreeHouse Foods in the third quarter valued at $218,000. KBC Group NV increased its stake in TreeHouse Foods by 40.9% in the third quarter. KBC Group NV now owns 1,943 shares of the company’s stock valued at $82,000 after purchasing an additional 564 shares in the last quarter. Natixis Advisors LLC increased its position in TreeHouse Foods by 3.9% in the 3rd quarter. Natixis Advisors LLC now owns 86,010 shares of the company’s stock valued at $3,611,000 after buying an additional 3,262 shares in the last quarter. Quest Partners LLC increased its position in TreeHouse Foods by 198.1% in the 3rd quarter. Quest Partners LLC now owns 10,098 shares of the company’s stock valued at $424,000 after buying an additional 6,711 shares in the last quarter. Finally, Intech Investment Management LLC bought a new stake in TreeHouse Foods in the 3rd quarter valued at about $522,000. 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.