TreeHouse Foods (NYSE:THS) Sets New 12-Month Low Following Weak Earnings

TreeHouse Foods, Inc. (NYSE:THS)’s stock price hit a new 52-week low during trading on Tuesday following a dissappointing earnings announcement. The company traded as low as $28.04 and last traded at $30.09, with a volume of 403975 shares changing hands. The stock had previously closed at $37.20.

The company reported $0.74 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.75 by ($0.01). The company had revenue of $854.40 million for the quarter, compared to analyst estimates of $881.15 million. TreeHouse Foods had a negative net margin of 0.72% and a positive return on equity of 5.94%. The firm’s revenue was down 1.0% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.57 EPS.

Analysts Set New Price Targets

Several analysts have recently commented on the company. StockNews.com upgraded TreeHouse Foods from a “sell” rating to a “hold” rating in a research note on Tuesday, August 6th. Truist Financial decreased their price objective on TreeHouse Foods from $35.00 to $30.00 and set a “hold” rating for the company in a report on Wednesday. Mizuho upped their price target on TreeHouse Foods from $37.00 to $40.00 and gave the stock a “neutral” rating in a report on Monday, August 26th. Barclays cut their price objective on shares of TreeHouse Foods from $39.00 to $32.00 and set an “equal weight” rating on the stock in a report on Wednesday. Finally, Stifel Nicolaus lowered their target price on shares of TreeHouse Foods from $41.00 to $32.00 and set a “hold” rating for the company in a report on Wednesday. Six research analysts have rated the stock with a hold rating, According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $34.20.

Insider Transactions at TreeHouse Foods

In other news, EVP Kristy N. Waterman sold 3,000 shares of the stock in a transaction that occurred on Monday, August 26th. The shares were sold at an average price of $42.34, for a total transaction of $127,020.00. Following the completion of the transaction, the executive vice president now directly owns 20,784 shares of the company’s stock, valued at $879,994.56. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 0.90% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in THS. Capital Research Global Investors increased its stake in shares of TreeHouse Foods by 52.6% in the first quarter. Capital Research Global Investors now owns 950,372 shares of the company’s stock worth $37,017,000 after purchasing an additional 327,448 shares in the last quarter. Legato Capital Management LLC boosted its holdings in TreeHouse Foods by 38.1% in the 2nd quarter. Legato Capital Management LLC now owns 24,154 shares of the company’s stock worth $885,000 after buying an additional 6,666 shares during the period. TD Asset Management Inc grew its stake in TreeHouse Foods by 7.3% in the 2nd quarter. TD Asset Management Inc now owns 478,944 shares of the company’s stock valued at $17,549,000 after buying an additional 32,600 shares in the last quarter. Harbor Capital Advisors Inc. raised its holdings in TreeHouse Foods by 68.2% during the 3rd quarter. Harbor Capital Advisors Inc. now owns 304,969 shares of the company’s stock valued at $12,803,000 after acquiring an additional 123,669 shares during the period. Finally, Shapiro Capital Management LLC raised its holdings in TreeHouse Foods by 22.0% during the 2nd quarter. Shapiro Capital Management LLC now owns 1,587,415 shares of the company’s stock valued at $58,163,000 after acquiring an additional 286,770 shares during the period. Hedge funds and other institutional investors own 99.81% of the company’s stock.

TreeHouse Foods Trading Down 0.9 %

The stock has a market cap of $1.66 billion, a PE ratio of -67.20 and a beta of 0.23. The company has a quick ratio of 0.52, a current ratio of 1.40 and a debt-to-equity ratio of 0.90. The firm has a 50-day simple moving average of $39.87 and a 200-day simple moving average of $38.28.

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.