Insider Buying: TreeHouse Foods, Inc. (NYSE:THS) Director Acquires 124,785 Shares of Stock

TreeHouse Foods, Inc. (NYSE:THS - Get Free Report) Director Jana Partners Management, Lp acquired 124,785 shares of the stock in a transaction that occurred on Thursday, May 8th. The shares were bought at an average price of $21.85 per share, for a total transaction of $2,726,552.25. Following the transaction, the director now owns 5,040,533 shares of the company's stock, valued at $110,135,646.05. This trade represents a 2.54% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is available through this hyperlink.

Jana Partners Management, Lp also recently made the following trade(s):

• On Monday, May 12th, Jana Partners Management, Lp bought 17,678 shares of TreeHouse Foods stock. The shares were acquired at an average cost of $23.09 per share, with a total value of $408,185.02.

TreeHouse Foods Stock Performance

THS stock traded up $0.45 during trading on Monday, hitting $23.05. 858,094 shares of the company traded hands, compared to its average volume of 600,977. The stock's 50-day simple moving average is $24.88 and its 200 day simple moving average is $30.88. The company has a debt-to-equity ratio of 0.90, a current ratio of 1.36 and a quick ratio of 0.63. The company has a market cap of $1.16 billion, a PE ratio of 42.68 and a beta of 0.30. TreeHouse Foods, Inc. has a 1 year low of $20.63 and a 1 year high of $43.84.

TreeHouse Foods (NYSE:THS - Get Free Report) last issued its quarterly earnings data on Tuesday, May 6th. The company reported $0.03 EPS for the quarter, beating the consensus estimate of ($0.21) by $0.24. The company had revenue of $792.00 million for the quarter, compared to analyst estimates of $789.66 million. TreeHouse Foods had a return on equity of 6.42% and a net margin of 0.80%. TreeHouse Foods's quarterly revenue was down 3.5% compared to the same quarter last year. During the same period last year, the company earned ($0.03) earnings per share. On average, equities analysts expect that TreeHouse Foods, Inc. will post 1.94 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of analysts have commented on the stock. TD Cowen reduced their target price 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. Jefferies Financial Group reduced their target price on shares of TreeHouse Foods from $37.00 to $31.00 and set a "hold" rating for the company in a report on Tuesday, February 18th. Truist Financial reduced their target price on shares of TreeHouse Foods from $25.00 to $20.00 and set a "hold" rating for the company in a report on Thursday. Barclays reduced their target price on shares of TreeHouse Foods from $26.00 to $25.00 and set an "equal weight" rating for the company in a report on Thursday. Finally, Stifel Nicolaus reduced their price objective on shares of TreeHouse Foods from $26.00 to $24.00 and set a "hold" rating for the company in a research note on Thursday, April 24th. Eight investment analysts have rated the stock with a hold rating, According to MarketBeat.com, the company presently has an average rating of "Hold" and a consensus target price of $27.83.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the company. Blue Trust Inc. grew its position in shares of TreeHouse Foods by 456.7% during the fourth quarter. Blue Trust Inc. now owns 1,119 shares of the company's stock worth $39,000 after buying an additional 918 shares in the last quarter. Sterling Capital Management LLC raised its position in TreeHouse Foods by 134.4% during the fourth quarter. Sterling Capital Management LLC now owns 2,374 shares of the company's stock worth $83,000 after acquiring an additional 1,361 shares during the last quarter. KBC Group NV raised its position in shares of TreeHouse Foods by 45.1% in the fourth quarter. KBC Group NV now owns 2,820 shares of the company's stock valued at $99,000 after buying an additional 877 shares during the last quarter. CIBC Private Wealth Group LLC increased its position in TreeHouse Foods by 58.2% during the fourth quarter. CIBC Private Wealth Group LLC now owns 4,101 shares of the company's stock worth $142,000 after purchasing an additional 1,508 shares during the last quarter. Finally, Legacy Wealth Asset Management LLC purchased a new stake in TreeHouse Foods during the fourth quarter worth approximately $216,000. 99.81% of the stock is currently owned by institutional investors and hedge funds.

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.

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