TreeHouse Foods, Inc. (NYSE:THS) Director Buys $2,726,552.25 in Stock

TreeHouse Foods, Inc. (NYSE:THS - Get Free Report) Director Jana Partners Management, Lp purchased 124,785 shares of TreeHouse Foods stock in a transaction dated Thursday, May 8th. The shares were purchased at an average cost of $21.85 per share, for a total transaction of $2,726,552.25. Following the completion of the transaction, the director now owns 5,040,533 shares of the company's stock, valued at approximately $110,135,646.05. This represents a 2.54% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

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

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

TreeHouse Foods Stock Up 2.5%

NYSE:THS traded up $0.56 on Friday, hitting $23.32. 497,718 shares of the company's stock were exchanged, compared to its average volume of 607,748. 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 firm has a 50-day moving average price of $24.23 and a 200-day moving average price of $30.53. The company has a market cap of $1.18 billion, a P/E ratio of 43.19 and a beta of 0.30. TreeHouse Foods, Inc. has a 52 week low of $20.63 and a 52 week high of $43.84.

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

Institutional Investors Weigh In On TreeHouse Foods

A number of institutional investors and hedge funds have recently modified their holdings of THS. Empowered Funds LLC acquired a new position in TreeHouse Foods in the 1st quarter valued at about $4,021,000. Dynamic Technology Lab Private Ltd acquired a new position in TreeHouse Foods in the 1st quarter valued at about $1,025,000. Sessa Capital IM L.P. grew its stake in TreeHouse Foods by 29.5% in the 1st quarter. Sessa Capital IM L.P. now owns 4,200,000 shares of the company's stock valued at $113,778,000 after buying an additional 957,517 shares during the last quarter. Petrus Trust Company LTA acquired a new position in TreeHouse Foods in the 1st quarter valued at about $545,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in TreeHouse Foods by 3.1% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 27,676 shares of the company's stock valued at $750,000 after buying an additional 838 shares during the last quarter. 99.81% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on THS shares. Truist Financial dropped their price objective on shares of TreeHouse Foods from $25.00 to $20.00 and set a "hold" rating on the stock in a report on Thursday, May 8th. Stifel Nicolaus dropped their price objective on shares of TreeHouse Foods from $26.00 to $24.00 and set a "hold" rating on the stock in a report on Thursday, April 24th. StockNews.com upgraded shares of TreeHouse Foods from a "sell" rating to a "hold" rating in a report on Tuesday, February 18th. TD Cowen dropped their price objective on shares of TreeHouse Foods from $32.00 to $27.00 and set a "hold" rating on the stock in a report on Friday, April 11th. Finally, Barclays lowered their price target on shares of TreeHouse Foods from $26.00 to $25.00 and set an "equal weight" rating on the stock in a research note on Thursday, May 8th. Eight equities research analysts have rated the stock with a hold rating, According to MarketBeat.com, the company currently has a consensus rating of "Hold" and an average target price of $27.83.

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.