TreeHouse Foods (NYSE:THS) Hits New 52-Week Low - Here's What Happened

TreeHouse Foods, Inc. (NYSE:THS - Get Free Report)'s share price reached a new 52-week low during mid-day trading on Thursday . The company traded as low as $27.76 and last traded at $28.07, with a volume of 73479 shares trading hands. The stock had previously closed at $28.51.

Analyst Ratings Changes

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 research report on Tuesday, February 18th. Jefferies Financial Group lowered their price target on TreeHouse Foods from $37.00 to $31.00 and set a "hold" rating for the company in a research report on Tuesday, February 18th. Barclays boosted 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. Truist Financial lowered their price objective on shares of TreeHouse Foods from $35.00 to $30.00 and set a "hold" rating for the company in a research note on Wednesday, November 13th. Finally, Consumer Edge downgraded shares of 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 MarketBeat, the company has an average rating of "Hold" and a consensus target price of $34.83.

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TreeHouse Foods Stock Performance

The firm has a fifty day simple moving average of $33.06 and a 200-day simple moving average of $36.18. 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 company has a market cap of $1.41 billion, a PE ratio of 51.94 and a beta of 0.15.

TreeHouse Foods (NYSE:THS - Get Free Report) last released its quarterly 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 firm 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 quarterly revenue was down .5% on a year-over-year basis. During the same period last year, the firm earned $0.77 EPS. On average, research analysts forecast that TreeHouse Foods, Inc. will post 1.94 EPS for the current fiscal year.

Institutional Investors Weigh In On TreeHouse Foods

Several hedge funds have recently made changes to their positions in THS. FMR LLC raised its stake in TreeHouse Foods by 90.5% during the 4th quarter. FMR LLC now owns 5,219,543 shares of the company's stock valued at $183,363,000 after acquiring an additional 2,479,495 shares during the last quarter. Dimensional Fund Advisors LP raised its stake in shares of TreeHouse Foods by 4.4% during the fourth quarter. Dimensional Fund Advisors LP now owns 3,296,849 shares of the company's stock worth $115,818,000 after purchasing an additional 137,744 shares during the last quarter. Sessa Capital IM L.P. lifted its holdings in shares of TreeHouse Foods by 121.9% during the fourth quarter. Sessa Capital IM L.P. now owns 3,242,483 shares of the company's stock worth $113,908,000 after purchasing an additional 1,781,179 shares during the period. Rubric Capital Management LP purchased a new position in TreeHouse Foods in the 3rd quarter valued at $48,011,000. Finally, Charles Schwab Investment Management Inc. increased its stake in TreeHouse Foods by 3.8% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 901,064 shares of the company's stock valued at $31,654,000 after buying an additional 32,613 shares during the period. Institutional investors and hedge funds own 99.81% of the company's stock.

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.

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