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

TreeHouse Foods, Inc. (NYSE:THS - Get Free Report) Director Jana Partners Management, Lp purchased 17,678 shares of the stock in a transaction on Monday, May 12th. The shares were purchased at an average cost of $23.09 per share, with a total value of $408,185.02. Following the transaction, the director now owns 5,482,337 shares in the company, valued at $126,587,161.33. This trade represents a 0.32% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

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

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

TreeHouse Foods Stock Performance

NYSE:THS traded up $0.56 during mid-day trading on Friday, reaching $23.32. The stock had a trading volume of 497,718 shares, compared to its average volume of 607,748. The company has a debt-to-equity ratio of 0.90, a quick ratio of 0.63 and a current ratio of 1.36. The firm has a market capitalization of $1.18 billion, a price-to-earnings ratio of 43.19 and a beta of 0.30. TreeHouse Foods, Inc. has a twelve month low of $20.63 and a twelve month high of $43.84. The business has a 50 day simple moving average of $24.23 and a 200 day simple moving average of $30.53.

TreeHouse Foods (NYSE:THS - Get Free Report) last posted its quarterly 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. TreeHouse Foods had a net margin of 0.80% and a return on equity of 6.42%. The company had revenue of $792.00 million during the quarter, compared to the consensus estimate of $789.66 million. During the same period last year, the firm earned ($0.03) EPS. The company's revenue for the quarter was down 3.5% on a year-over-year basis. On average, analysts expect that TreeHouse Foods, Inc. will post 1.94 earnings per share for the current fiscal year.

Institutional Trading of TreeHouse Foods

Institutional investors and hedge funds have recently made changes to their positions in the company. Barclays PLC boosted its position 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 purchasing an additional 21,951 shares during the period. JPMorgan Chase & Co. boosted its position in TreeHouse Foods by 187.6% during the 3rd quarter. JPMorgan Chase & Co. now owns 316,428 shares of the company's stock worth $13,284,000 after purchasing an additional 206,411 shares during the period. Legacy Wealth Asset Management LLC purchased a new stake in TreeHouse Foods during the 4th quarter worth $216,000. Wedge Capital Management L L P NC boosted its position in TreeHouse Foods by 11.1% during the 4th quarter. Wedge Capital Management L L P NC now owns 38,014 shares of the company's stock worth $1,335,000 after purchasing an additional 3,812 shares during the period. Finally, Roberts Wealth Advisors LLC boosted its position 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 purchasing an additional 63,804 shares during the period. 99.81% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on the company. TD Cowen cut their price target on TreeHouse Foods from $32.00 to $27.00 and set a "hold" rating for the company in a research note on Friday, April 11th. StockNews.com upgraded TreeHouse Foods from a "sell" rating to a "hold" rating in a research note on Tuesday, February 18th. Barclays cut their price target on TreeHouse Foods from $26.00 to $25.00 and set an "equal weight" rating for the company in a research note on Thursday, May 8th. Jefferies Financial Group cut their price target on TreeHouse Foods from $37.00 to $31.00 and set a "hold" rating for the company in a research note on Tuesday, February 18th. Finally, Stifel Nicolaus cut their price objective on 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 research analysts have rated the stock with a hold rating, According to MarketBeat, the stock currently has an average rating of "Hold" and a consensus target price of $27.83.

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.