TreeHouse Foods (NYSE:THS) Sets New 12-Month Low - Here's What Happened

TreeHouse Foods, Inc. (NYSE:THS - Get Free Report)'s stock price reached a new 52-week low during trading on Wednesday . The company 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 Analysts Forecast Growth

A number of equities research analysts have recently commented on the stock. Jefferies Financial Group cut their price target on shares of TreeHouse Foods from $37.00 to $31.00 and set a "hold" rating on the stock in a report on Tuesday, February 18th. Stifel Nicolaus increased their price target on shares of TreeHouse Foods from $32.00 to $35.00 and gave the company a "hold" rating in a report on Friday, January 24th. Barclays increased their price target on shares of TreeHouse Foods from $35.00 to $36.00 and gave the company an "equal weight" rating in a report on Tuesday, February 18th. Finally, StockNews.com upgraded shares of TreeHouse Foods from a "sell" rating to a "hold" rating in a report on Tuesday, February 18th. Eight equities research analysts have rated the stock with a hold rating, Based on data from MarketBeat.com, TreeHouse Foods presently has a consensus rating of "Hold" and a consensus target price of $34.83.

TreeHouse Foods Trading Down 0.4 %

The company has a market cap of $1.32 billion, a P/E ratio of 48.65 and a beta of 0.15. The stock's 50-day moving average is $32.07 and its two-hundred day moving average is $35.55. The company has a debt-to-equity ratio of 0.90, a current ratio of 1.36 and a quick ratio of 0.63.

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TreeHouse Foods (NYSE:THS - Get Free Report) last issued its quarterly earnings data on Friday, February 14th. The company reported $0.95 earnings per share for the quarter, missing analysts' consensus estimates of $0.97 by ($0.02). The company had revenue of $905.70 million for the quarter, compared to the consensus estimate of $907.71 million. TreeHouse Foods had a net margin of 0.80% and a return on equity of 6.42%. The firm's revenue for the quarter was down .5% on a year-over-year basis. During the same quarter last year, the company earned $0.77 EPS. As a group, equities research analysts predict that TreeHouse Foods, Inc. will post 1.94 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the business. Pullen Investment Management LLC raised its position in TreeHouse Foods by 83.4% in the fourth quarter. Pullen Investment Management LLC now owns 44,646 shares of the company's stock worth $1,568,000 after acquiring an additional 20,304 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in TreeHouse Foods by 10.1% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 117,296 shares of the company's stock worth $4,121,000 after acquiring an additional 10,746 shares during the period. Voloridge Investment Management LLC bought a new position in TreeHouse Foods in the fourth quarter worth approximately $5,613,000. Vident Advisory LLC bought a new position in TreeHouse Foods in the fourth quarter worth approximately $223,000. Finally, Two Sigma Advisers LP bought a new position in TreeHouse Foods in the fourth quarter worth approximately $696,000. 99.81% of the stock is currently owned by institutional investors.

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.