TreeHouse Foods (NYSE:THS) Reaches New 52-Week Low – Here’s Why

TreeHouse Foods, Inc. (NYSE:THS) reached a new 52-week low during mid-day trading on Tuesday . The stock traded as low as $28.04 and last traded at $30.09, with a volume of 403975 shares. The stock had previously closed at $37.20.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on THS shares. StockNews.com upgraded TreeHouse Foods from a “sell” rating to a “hold” rating in a report on Tuesday, August 6th. Mizuho upped their price objective on shares of TreeHouse Foods from $37.00 to $40.00 and gave the stock a “neutral” rating in a report on Monday, August 26th. Stifel Nicolaus upped their target price on TreeHouse Foods from $36.00 to $41.00 and gave the stock a “hold” rating in a report on Tuesday, August 6th. Finally, Barclays boosted their price target on TreeHouse Foods from $36.00 to $39.00 and gave the stock an “equal weight” rating in a research report on Tuesday, August 6th. Six analysts have rated the stock with a hold rating, Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $38.40.

TreeHouse Foods Trading Down 16.8 %

The firm has a market cap of $1.63 billion, a P/E ratio of -137.78 and a beta of 0.23. The company has a debt-to-equity ratio of 0.90, a quick ratio of 0.52 and a current ratio of 1.44. The stock has a fifty day simple moving average of $40.26 and a 200 day simple moving average of $38.35.

Insider Transactions at TreeHouse Foods

In related 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 transaction, the executive vice president now owns 20,784 shares in the company, valued at $879,994.56. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 0.90% of the company’s stock.

Institutional Trading of TreeHouse Foods

Institutional investors and hedge funds have recently modified their holdings of the company. Texas Permanent School Fund Corp lifted its position in shares of TreeHouse Foods by 1.3% in the first quarter. Texas Permanent School Fund Corp now owns 44,042 shares of the company’s stock valued at $1,715,000 after acquiring an additional 570 shares in the last quarter. SG Americas Securities LLC increased its holdings in TreeHouse Foods by 33.6% in the 1st quarter. SG Americas Securities LLC now owns 3,875 shares of the company’s stock valued at $151,000 after acquiring an additional 975 shares during the last quarter. ProShare Advisors LLC boosted its holdings in shares of TreeHouse Foods by 6.0% during the 1st quarter. ProShare Advisors LLC now owns 10,227 shares of the company’s stock valued at $398,000 after purchasing an additional 579 shares during the last quarter. William Blair Investment Management LLC increased its holdings in shares of TreeHouse Foods by 16.5% in the first quarter. William Blair Investment Management LLC now owns 913,087 shares of the company’s stock worth $35,565,000 after purchasing an additional 129,323 shares during the last quarter. Finally, State Board of Administration of Florida Retirement System lifted its position in shares of TreeHouse Foods by 26.0% in the first quarter. State Board of Administration of Florida Retirement System now owns 18,527 shares of the company’s stock worth $722,000 after buying an additional 3,820 shares in the last quarter. 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.