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 - Free Report) 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 - Get Free Report) 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.

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