Rubric Capital Management LP Buys Shares of 1,143,664 TreeHouse Foods, Inc. (NYSE:THS)

Rubric Capital Management LP acquired a new position in shares of TreeHouse Foods, Inc. (NYSE:THS) in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 1,143,664 shares of the company’s stock, valued at approximately $48,011,000. Rubric Capital Management LP owned approximately 2.17% of TreeHouse Foods at the end of the most recent quarter.

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

TreeHouse Foods Price Performance

Shares of NYSE:THS opened at $35.42 on Wednesday. The company has a current ratio of 1.40, a quick ratio of 0.53 and a debt-to-equity ratio of 0.90. The business’s fifty day moving average price is $38.60 and its two-hundred day moving average price is $38.16. TreeHouse Foods, Inc. has a fifty-two week low of $28.04 and a fifty-two week high of $43.84.

TreeHouse Foods (NYSE:THS) last issued its quarterly earnings data on Tuesday, November 12th. The company reported $0.74 earnings per share for the quarter, missing the consensus estimate of $0.75 by ($0.01). TreeHouse Foods had a positive return on equity of 5.94% and a negative net margin of 0.72%. The firm had revenue of $854.40 million for the quarter, compared to the consensus estimate of $881.15 million. During the same period in the prior year, the company posted $0.57 earnings per share. TreeHouse Foods’s quarterly revenue was down 1.0% compared to the same quarter last year. Sell-side analysts anticipate that TreeHouse Foods, Inc. will post 2.08 earnings per share for the current year.

Analysts Set New Price Targets

A number of research analysts have recently commented on THS shares. Barclays cut their price target on TreeHouse Foods from $39.00 to $32.00 and set an “equal weight” rating for the company in a report on Wednesday, November 13th. StockNews.com cut shares of TreeHouse Foods from a “hold” rating to a “sell” rating in a research note on Monday. Consumer Edge lowered TreeHouse Foods from an “overweight” rating to an “equal weight” rating in a research note on Friday, November 15th. Stifel Nicolaus reduced their price objective on TreeHouse Foods from $41.00 to $32.00 and set a “hold” rating for the company in a research report on Wednesday, November 13th. Finally, Mizuho boosted their price objective on TreeHouse Foods from $37.00 to $40.00 and gave the company a “neutral” rating in a research report on Monday, August 26th. One investment analyst has rated the stock with a sell rating and six have assigned a hold rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $34.20.

TreeHouse Foods 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.