Insider Buying: TreeHouse Foods, Inc. (NYSE:THS) Director Purchases 17,678 Shares of Stock

TreeHouse Foods, Inc. (NYSE:THS - Get Free Report) Director Jana Partners Management, Lp bought 17,678 shares of TreeHouse Foods stock in a transaction that occurred on Monday, May 12th. The stock was purchased at an average cost of $23.09 per share, for a total transaction of $408,185.02. Following the purchase, the director now owns 5,482,337 shares of the company's stock, valued at $126,587,161.33. The trade was a 0.32% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

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

• On Thursday, May 8th, Jana Partners Management, Lp bought 124,785 shares of TreeHouse Foods stock. The shares were purchased at an average price of $21.85 per share, with a total value of $2,726,552.25.

TreeHouse Foods Price Performance

Shares of TreeHouse Foods stock traded up $0.45 on Monday, hitting $23.05. 858,094 shares of the company were exchanged, compared to its average volume of 600,977. TreeHouse Foods, Inc. has a 1-year low of $20.63 and a 1-year high of $43.84. The stock has a market capitalization of $1.16 billion, a price-to-earnings ratio of 42.68 and a beta of 0.30. The company has a 50-day moving average price of $24.88 and a 200 day moving average price of $30.88. The company has a quick ratio of 0.63, a current ratio of 1.36 and a debt-to-equity ratio of 0.90.

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

Institutional Investors Weigh In On TreeHouse Foods

A number of hedge funds have recently added to or reduced their stakes in the company. Raymond James Financial Inc. purchased a new position in shares of TreeHouse Foods during the 4th quarter worth approximately $10,362,000. Entropy Technologies LP acquired a new position in shares of TreeHouse Foods during the 4th quarter valued at $333,000. JPMorgan Chase & Co. lifted its holdings in shares of TreeHouse Foods by 187.6% during the 3rd quarter. JPMorgan Chase & Co. now owns 316,428 shares of the company's stock valued at $13,284,000 after acquiring an additional 206,411 shares in the last quarter. Roberts Wealth Advisors LLC increased its stake in TreeHouse Foods by 297.4% during the 4th quarter. Roberts Wealth Advisors LLC now owns 85,256 shares of the company's stock worth $2,858,000 after buying an additional 63,804 shares during the period. Finally, Barclays PLC increased its stake in TreeHouse Foods by 7.0% during the 3rd quarter. Barclays PLC now owns 337,657 shares of the company's stock worth $14,175,000 after buying an additional 21,951 shares during the period. Institutional investors and hedge funds own 99.81% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on THS shares. Stifel Nicolaus decreased their target price 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. TD Cowen dropped their price target on shares of TreeHouse Foods from $32.00 to $27.00 and set a "hold" rating on the stock in a research note on Friday, April 11th. Barclays lowered their target price 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. Jefferies Financial Group reduced their target price on shares of TreeHouse Foods from $37.00 to $31.00 and set a "hold" rating on the stock in a report on Tuesday, February 18th. Finally, Truist Financial cut their price target on shares of TreeHouse Foods from $25.00 to $20.00 and set a "hold" rating on the stock in a report on Thursday. Eight investment analysts have rated the stock with a hold rating, According to MarketBeat, the stock currently has an average rating of "Hold" and a consensus price target 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.

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