TreeHouse Foods (NYSE:THS) Sets New 52-Week Low - What's Next?

TreeHouse Foods, Inc. (NYSE:THS - Get Free Report)'s share price hit a new 52-week low during mid-day trading on Friday . The company 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.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on THS shares. 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. StockNews.com upgraded shares of TreeHouse Foods from a "sell" rating to a "hold" rating in a research note on Tuesday, February 18th. Barclays raised their price objective on TreeHouse Foods from $35.00 to $36.00 and gave the company an "equal weight" rating in a research report on Tuesday, February 18th. Finally, Jefferies Financial Group cut their price target on TreeHouse Foods from $37.00 to $31.00 and set a "hold" rating for the company in a report on Tuesday, February 18th. Eight investment analysts have rated the stock with a hold rating, According to MarketBeat, the stock currently has a consensus rating of "Hold" and an average price target of $34.83.

TreeHouse Foods Stock Up 3.0 %

The company has a current ratio of 1.36, a quick ratio of 0.63 and a debt-to-equity ratio of 0.90. The firm has a 50-day simple moving average of $29.82 and a two-hundred day simple moving average of $34.03. The stock has a market cap of $1.16 billion, a P/E ratio of 42.83 and a beta of 0.40.

TreeHouse Foods (NYSE:THS - Get Free Report) last announced its earnings results 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 return on equity of 6.42% and a net margin of 0.80%. The business had revenue of $905.70 million for the quarter, compared to analyst estimates of $907.71 million. During the same quarter in the previous year, the company earned $0.77 EPS. The business's revenue for the quarter was down .5% on a year-over-year basis. Equities research analysts expect that TreeHouse Foods, Inc. will post 1.94 earnings per share for the current fiscal year.

Hedge Funds Weigh In On TreeHouse Foods

Several hedge funds and other institutional investors have recently made changes to their positions in THS. FMR LLC raised its holdings in shares of TreeHouse Foods by 90.5% during the 4th 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 in the last quarter. Dimensional Fund Advisors LP increased its position in TreeHouse Foods by 4.4% in the 4th quarter. Dimensional Fund Advisors LP now owns 3,296,849 shares of the company's stock valued at $115,818,000 after acquiring an additional 137,744 shares during the period. Sessa Capital IM L.P. raised its stake 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 valued at $113,908,000 after acquiring an additional 1,781,179 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in TreeHouse Foods by 3.8% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 901,064 shares of the company's stock worth $31,654,000 after buying an additional 32,613 shares during the period. Finally, William Blair Investment Management LLC raised its position in shares of TreeHouse Foods by 2.0% during the fourth quarter. William Blair Investment Management LLC now owns 898,536 shares of the company's stock worth $31,566,000 after acquiring an additional 17,225 shares during the last quarter. 99.81% of the stock is currently owned by institutional investors and hedge funds.

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.