Insider Buying: TreeHouse Foods, Inc. (NYSE:THS) Director Purchases $408,185.02 in Stock

TreeHouse Foods, Inc. (NYSE:THS) Director Jana Partners Management, Lp acquired 17,678 shares of the stock in a transaction dated Monday, May 12th. The stock was bought at an average price of $23.09 per share, with a total value of $408,185.02. Following the purchase, the director now directly owns 5,482,337 shares in the company, valued at $126,587,161.33. This represents a 0.32% increase in their ownership of the stock. The acquisition was disclosed in a 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 Thursday, May 8th, Jana Partners Management, Lp acquired 124,785 shares of TreeHouse Foods stock. The stock was bought at an average price of $21.85 per share, with a total value of $2,726,552.25.

TreeHouse Foods Stock Performance

Shares of THS stock opened at $22.15 on Thursday. The firm has a market capitalization of $1.12 billion, a PE ratio of 41.02 and a beta of 0.30. The firm has a fifty day simple moving average of $24.54 and a two-hundred day simple moving average of $30.77. The company has a current ratio of 1.36, a quick ratio of 0.63 and a debt-to-equity ratio of 0.90. TreeHouse Foods, Inc. has a 12 month low of $20.63 and a 12 month high of $43.84.

TreeHouse Foods (NYSE:THS) last posted its quarterly earnings data on Tuesday, May 6th. The company reported $0.03 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.21) by $0.24. The firm had revenue of $792.00 million for the quarter, compared to the consensus estimate of $789.66 million. TreeHouse Foods had a net margin of 0.80% and a return on equity of 6.42%. The business’s revenue for the quarter was down 3.5% compared to the same quarter last year. During the same period in the previous year, the firm earned ($0.03) EPS. Analysts forecast that TreeHouse Foods, Inc. will post 1.94 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on THS. Barclays lowered their price objective on shares of 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. Stifel Nicolaus lowered 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. Truist Financial decreased their price target on shares of TreeHouse Foods from $25.00 to $20.00 and set a “hold” rating for the company in a research note on Thursday, May 8th. TD Cowen decreased their price target on shares of TreeHouse Foods from $32.00 to $27.00 and set a “hold” rating for the company in a research note on Friday, April 11th. Finally, Jefferies Financial Group decreased their price target on shares of TreeHouse Foods from $37.00 to $31.00 and set a “hold” rating for the company in a research note on Tuesday, February 18th. Eight investment analysts have rated the stock with a hold rating, According to MarketBeat, TreeHouse Foods presently has an average rating of “Hold” and a consensus target price of $27.83.

Hedge Funds Weigh In On TreeHouse Foods

A number of hedge funds have recently bought and sold shares of THS. Barclays PLC boosted its holdings 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 acquiring an additional 21,951 shares during the last quarter. JPMorgan Chase & Co. boosted its holdings 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 acquiring an additional 206,411 shares during the last quarter. Legacy Wealth Asset Management LLC purchased a new position in TreeHouse Foods during the 4th quarter worth $216,000. Wedge Capital Management L L P NC boosted its holdings in shares of TreeHouse Foods by 11.1% in 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 buying an additional 3,812 shares during the last quarter. Finally, Roberts Wealth Advisors LLC boosted its holdings in shares of TreeHouse Foods by 297.4% in 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 last quarter. 99.81% of the stock is owned by hedge funds and other 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.