TreeHouse Foods (NYSE:THS) Reaches New 1-Year Low After Analyst Downgrade

TreeHouse Foods, Inc. (NYSE:THS)’s share price hit a new 52-week low during mid-day trading on Tuesday after Barclays lowered their price target on the stock from $25.00 to $21.00. Barclays currently has an equal weight rating on the stock. TreeHouse Foods traded as low as $19.12 and last traded at $19.13, with a volume of 690453 shares traded. The stock had previously closed at $20.63.

THS has been the subject of several other reports. TD Cowen decreased their price objective 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. Stifel Nicolaus cut their target price on shares of TreeHouse Foods from $26.00 to $24.00 and set a “hold” rating for the company in a research report on Thursday, April 24th. Finally, Truist Financial lowered their price target on TreeHouse Foods from $25.00 to $20.00 and set a “hold” rating on the stock in a research report on Thursday, May 8th. Eight research analysts have rated the stock with a hold rating, Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $27.17.

Insiders Place Their Bets

In related news, Director Jana Partners Management, Lp purchased 124,785 shares of TreeHouse Foods stock in a transaction on Thursday, May 8th. The stock was purchased at an average cost of $21.85 per share, with a total value of $2,726,552.25. Following the acquisition, the director directly owned 5,040,533 shares in the company, valued at approximately $110,135,646.05. This trade represents a 2.54% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Steven Oakland purchased 4,660 shares of the firm’s stock in a transaction on Thursday, May 8th. The stock was bought at an average price of $21.46 per share, for a total transaction of $100,003.60. Following the completion of the transaction, the chief executive officer directly owned 369,521 shares in the company, valued at approximately $7,929,920.66. The trade was a 1.28% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have purchased 147,123 shares of company stock worth $3,234,741 in the last ninety days. 11.10% of the stock is currently owned by insiders.

Institutional Investors Weigh In On TreeHouse Foods

A number of institutional investors have recently added to or reduced their stakes in the company. FMR LLC raised its holdings in TreeHouse Foods by 90.5% in 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 in the last quarter. Sessa Capital IM L.P. increased its position 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 purchasing an additional 1,781,179 shares during the period. Raymond James Financial Inc. bought a new stake in shares of TreeHouse Foods during the fourth quarter valued at approximately $10,362,000. Bridgeway Capital Management LLC acquired a new position in shares of TreeHouse Foods in the first quarter valued at $6,730,000. Finally, Dark Forest Capital Management LP bought a new position in TreeHouse Foods in the first quarter worth $5,798,000. 99.81% of the stock is owned by institutional investors and hedge funds.

TreeHouse Foods Stock Performance

The company has a quick ratio of 0.27, a current ratio of 1.14 and a debt-to-equity ratio of 0.93. The firm has a 50-day moving average of $21.52 and a 200 day moving average of $26.64. The stock has a market capitalization of $966.07 million, a P/E ratio of 147.17 and a beta of 0.25.

TreeHouse Foods (NYSE:THS) last released its quarterly earnings data on Tuesday, May 6th. The company reported $0.03 EPS for the quarter, topping analysts’ consensus estimates of ($0.21) by $0.24. TreeHouse Foods had a net margin of 0.20% and a return on equity of 6.73%. The company had revenue of $792.00 million during the quarter, compared to the consensus estimate of $789.66 million. During the same period last year, the firm earned ($0.03) EPS. The firm’s revenue for the quarter was down 3.5% compared to the same quarter last year. Research analysts anticipate that TreeHouse Foods, Inc. will post 1.94 EPS for the current fiscal year.

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.