TreeHouse Foods (NYSE:THS) Hits New 12-Month Low – Should You Sell?

Shares of TreeHouse Foods, Inc. (NYSE:THS) hit a new 52-week low on Monday . The company traded as low as $20.52 and last traded at $20.82, with a volume of 43433 shares. The stock had previously closed at $20.72.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on the company. Jefferies Financial Group cut their price target on TreeHouse Foods from $37.00 to $31.00 and set a “hold” rating on the stock in a report on Tuesday, February 18th. TD Cowen reduced their price target on shares of TreeHouse Foods from $32.00 to $27.00 and set a “hold” rating for the company in a report on Friday, April 11th. Truist Financial decreased their price target on shares of TreeHouse Foods from $25.00 to $20.00 and set a “hold” rating for the company in a research note on Thursday, May 8th. Wall Street Zen upgraded shares of TreeHouse Foods from a “sell” rating to a “hold” rating in a report on Tuesday, February 18th. Finally, Barclays decreased their target price on TreeHouse Foods from $26.00 to $25.00 and set an “equal weight” rating for the company in a research report on Thursday, May 8th. Eight investment analysts have rated the stock with a hold rating, According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $27.83.

TreeHouse Foods Price Performance

The firm has a market capitalization of $1.04 billion, a P/E ratio of 38.12 and a beta of 0.28. The company has a debt-to-equity ratio of 0.90, a quick ratio of 0.63 and a current ratio of 1.36. The business has a 50 day simple moving average of $22.48 and a two-hundred day simple moving average of $28.69.

TreeHouse Foods (NYSE:THS) last announced its earnings results on Tuesday, May 6th. The company reported $0.03 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.21) by $0.24. The business had revenue of $792.00 million for the quarter, compared to the consensus estimate of $789.66 million. TreeHouse Foods had a net margin of 0.80% and a return on equity of 6.42%. TreeHouse Foods’s quarterly revenue was down 3.5% on a year-over-year basis. During the same period last year, the firm posted ($0.03) earnings per share. On average, sell-side analysts expect that TreeHouse Foods, Inc. will post 1.94 EPS for the current fiscal year.

Insider Buying and Selling at TreeHouse Foods

In other TreeHouse Foods news, Director Jana Partners Management, Lp purchased 17,678 shares of the business’s stock in a transaction on Monday, May 12th. The stock was acquired at an average cost of $23.09 per share, for a total transaction of $408,185.02. Following the completion of the transaction, the director now directly owns 5,482,337 shares in the company, valued at approximately $126,587,161.33. This represents a 0.32% increase in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CEO Steven Oakland acquired 4,660 shares of TreeHouse Foods stock in a transaction dated Thursday, May 8th. The shares were bought at an average cost of $21.46 per share, for a total transaction of $100,003.60. Following the completion of the purchase, the chief executive officer now directly owns 369,521 shares of the company’s stock, valued at approximately $7,929,920.66. The trade was a 1.28% increase in their position. The disclosure for this purchase can be found here. Insiders have bought 147,123 shares of company stock worth $3,234,741 over the last 90 days. Corporate insiders own 11.10% of the company’s stock.

Institutional Investors Weigh In On TreeHouse Foods

Institutional investors have recently bought and sold shares of the stock. Hsbc Holdings PLC lifted its position in 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 purchasing an additional 385 shares during 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 buying an additional 407 shares during the period. Illinois Municipal Retirement Fund grew its holdings in TreeHouse Foods by 2.3% in the 1st quarter. Illinois Municipal Retirement Fund now owns 25,462 shares of the company’s stock worth $690,000 after acquiring an additional 562 shares during the last quarter. Bank of Montreal Can increased its position in shares of TreeHouse Foods by 9.6% in the fourth quarter. Bank of Montreal Can now owns 7,740 shares of the company’s stock valued at $272,000 after acquiring an additional 681 shares during the period. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in shares of TreeHouse Foods by 2.7% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 26,838 shares of the company’s stock valued at $943,000 after acquiring an additional 696 shares during the period. 99.81% of the stock is currently owned by hedge funds and other 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.