Rubric Capital Management LP Takes $48.01 Million Position in TreeHouse Foods, Inc. (NYSE:THS)

Rubric Capital Management LP acquired a new position in shares of TreeHouse Foods, Inc. (NYSE:THS) in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 1,143,664 shares of the company’s stock, valued at approximately $48,011,000.

A number of other institutional investors have also made changes to their positions in THS. Signaturefd LLC boosted its holdings in TreeHouse Foods by 42.1% during the third quarter. Signaturefd LLC now owns 999 shares of the company’s stock worth $42,000 after buying an additional 296 shares during the last quarter. Canada Pension Plan Investment Board bought a new position in TreeHouse Foods during the 2nd quarter worth approximately $37,000. Innealta Capital LLC bought a new position in TreeHouse Foods during the 2nd quarter worth approximately $44,000. GAMMA Investing LLC grew its holdings in TreeHouse Foods by 304.7% during the second quarter. GAMMA Investing LLC now owns 1,291 shares of the company’s stock valued at $47,000 after purchasing an additional 972 shares during the period. Finally, Rothschild Investment LLC bought a new stake in TreeHouse Foods in the second quarter valued at approximately $67,000. 99.81% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of analysts recently commented on THS shares. StockNews.com cut shares of TreeHouse Foods from a “hold” rating to a “sell” rating in a research report on Monday. Mizuho lifted their price objective on TreeHouse Foods from $37.00 to $40.00 and gave the company a “neutral” rating in a report on Monday, August 26th. Stifel Nicolaus lowered their target price on TreeHouse Foods from $41.00 to $32.00 and set a “hold” rating for the company in a research note on Wednesday, November 13th. Barclays cut their price target on shares of TreeHouse Foods from $39.00 to $32.00 and set an “equal weight” rating on the stock in a research note on Wednesday, November 13th. Finally, Truist Financial dropped their price objective on shares of TreeHouse Foods from $35.00 to $30.00 and set a “hold” rating on the stock in a report on Wednesday, November 13th. One investment analyst has rated the stock with a sell rating and six have given a hold rating to the company’s stock. Based on data from MarketBeat, TreeHouse Foods has an average rating of “Hold” and an average target price of $34.20.

TreeHouse Foods Stock Performance

Shares of THS stock opened at $35.42 on Wednesday. TreeHouse Foods, Inc. has a 12 month low of $28.04 and a 12 month high of $43.84. The company’s fifty day simple moving average is $38.60 and its 200-day simple moving average is $38.16. The company has a debt-to-equity ratio of 0.90, a current ratio of 1.40 and a quick ratio of 0.53.

TreeHouse Foods (NYSE:THS) last posted its quarterly earnings data on Tuesday, November 12th. The company reported $0.74 EPS for the quarter, missing analysts’ consensus estimates of $0.75 by ($0.01). The business had revenue of $854.40 million for the quarter, compared to analyst estimates of $881.15 million. TreeHouse Foods had a positive return on equity of 5.94% and a negative net margin of 0.72%. The company’s quarterly revenue was down 1.0% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.57 earnings per share. On average, research analysts predict that TreeHouse Foods, Inc. will post 2.08 earnings per share for the current fiscal year.

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.