TreeHouse Foods (NYSE:THS) Reaches New 1-Year Low After Earnings Miss

TreeHouse Foods, Inc. (NYSE:THS) reached a new 52-week low 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 trading 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). TreeHouse Foods had a positive return on equity of 5.94% and a negative net margin of 0.72%. The company had revenue of $854.40 million for the quarter, compared to analyst estimates of $881.15 million. During the same quarter in the prior year, the business posted $0.57 EPS. The business’s quarterly revenue was down 1.0% compared to the same quarter last year.

Wall Street Analysts Forecast Growth

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

Insider Activity

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

Institutional Inflows and Outflows

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

TreeHouse Foods Stock Down 0.9 %

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 stock’s 50-day simple moving average is $39.87 and its 200 day simple moving average is $38.28. The firm has a market cap of $1.66 billion, a P/E ratio of -67.20 and a beta of 0.23.

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.