William Blair Investment Management LLC Buys 129,323 Shares of TreeHouse Foods, Inc. (NYSE:THS)

William Blair Investment Management LLC boosted its stake in shares of TreeHouse Foods, Inc. (NYSE:THS) by 16.5% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 913,087 shares of the company’s stock after purchasing an additional 129,323 shares during the quarter. William Blair Investment Management LLC owned about 1.70% of TreeHouse Foods worth $35,565,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in THS. Central Pacific Bank Trust Division acquired a new stake in shares of TreeHouse Foods during the first quarter worth $48,000. GAMMA Investing LLC acquired a new stake in shares of TreeHouse Foods during the fourth quarter worth $52,000. TFO Wealth Partners LLC raised its stake in TreeHouse Foods by 78,600.0% in the fourth quarter. TFO Wealth Partners LLC now owns 2,361 shares of the company’s stock valued at $98,000 after purchasing an additional 2,358 shares in the last quarter. Quadrant Capital Group LLC raised its stake in TreeHouse Foods by 62.2% in the fourth quarter. Quadrant Capital Group LLC now owns 2,469 shares of the company’s stock valued at $102,000 after purchasing an additional 947 shares in the last quarter. Finally, SG Americas Securities LLC raised its stake in TreeHouse Foods by 33.6% in the first quarter. SG Americas Securities LLC now owns 3,875 shares of the company’s stock valued at $151,000 after purchasing an additional 975 shares in the last quarter. 99.81% of the stock is owned by institutional investors.

Insider Activity at TreeHouse Foods

In related news, SVP Stephen Alan Landry sold 3,723 shares of the company’s stock in a transaction that occurred on Monday, May 13th. The stock was sold at an average price of $34.99, for a total value of $130,267.77. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 0.90% of the stock is currently owned by company insiders.

TreeHouse Foods Trading Up 4.2 %

Shares of NYSE:THS traded up $1.61 during midday trading on Wednesday, hitting $39.79. 758,736 shares of the stock were exchanged, compared to its average volume of 509,658. The stock has a market capitalization of $2.09 billion, a price-to-earnings ratio of 86.50 and a beta of 0.24. The company has a debt-to-equity ratio of 0.87, a quick ratio of 0.66 and a current ratio of 1.52. The business’s 50-day moving average price is $36.21 and its 200 day moving average price is $37.85. TreeHouse Foods, Inc. has a 12 month low of $33.28 and a 12 month high of $53.00.

TreeHouse Foods (NYSE:THS) last announced its earnings results on Monday, May 6th. The company reported ($0.03) EPS for the quarter, missing the consensus estimate of ($0.02) by ($0.01). TreeHouse Foods had a net margin of 0.76% and a return on equity of 5.81%. The company had revenue of $820.70 million during the quarter, compared to the consensus estimate of $798.44 million. During the same quarter in the previous year, the company earned $0.68 earnings per share. The business’s revenue was down 3.9% on a year-over-year basis. Analysts predict that TreeHouse Foods, Inc. will post 2.26 earnings per share for the current year.

Analyst Ratings Changes

A number of research analysts recently commented on THS shares. Barclays dropped their price target on TreeHouse Foods from $39.00 to $36.00 and set an “equal weight” rating for the company in a research note on Wednesday, May 8th. Mizuho assumed coverage on TreeHouse Foods in a research note on Thursday, June 6th. They set a “neutral” rating and a $37.00 target price for the company. TD Cowen lowered their target price on TreeHouse Foods from $38.00 to $37.00 and set a “hold” rating for the company in a research note on Tuesday, May 7th. Stifel Nicolaus lowered their target price on TreeHouse Foods from $38.00 to $36.00 and set a “hold” rating for the company in a research note on Tuesday, May 7th. Finally, StockNews.com downgraded TreeHouse Foods from a “hold” rating to a “sell” rating in a research note on Wednesday, May 8th. One investment analyst has rated the stock with a sell rating and six have assigned a hold rating to the company. Based on data from MarketBeat, TreeHouse Foods currently has an average rating of “Hold” and an average target price of $38.17.

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.