Key Points
- Silver Point Capital purchased 357,917 shares of TreeHouse Foods (THS) at an average $24.54 on Feb. 10 for $8.78M, increasing its direct stake to 5,408,000 shares (valued at about $132.7M), a 7.09% rise.
- TreeHouse Foods has a market cap near $1.23B, a negative P/E (−5.09) and net margin (−7.25%) after recently missing EPS and revenue estimates, and analysts hold a consensus "Reduce" rating with a $24.67 target.
TreeHouse Foods, Inc. (NYSE:THS - Get Free Report) major shareholder Silver Point Capital L.P. purchased 357,917 shares of the company's stock in a transaction that occurred on Tuesday, February 10th. The shares were purchased at an average cost of $24.54 per share, for a total transaction of $8,783,283.18. Following the completion of the transaction, the insider directly owned 5,408,000 shares of the company's stock, valued at $132,712,320. This represents a 7.09% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is available at the SEC website. Major shareholders that own more than 10% of a company's stock are required to disclose their sales and purchases with the SEC.
TreeHouse Foods Stock Performance
Shares of THS stock opened at $24.43 on Friday. The company has a debt-to-equity ratio of 1.18, a quick ratio of 0.40 and a current ratio of 1.29. The company has a market capitalization of $1.23 billion, a price-to-earnings ratio of -5.09 and a beta of 0.18. TreeHouse Foods, Inc. has a 52-week low of $15.85 and a 52-week high of $40.77. The company has a 50-day simple moving average of $24.05 and a two-hundred day simple moving average of $21.23.
TreeHouse Foods (NYSE:THS - Get Free Report) last posted its earnings results on Monday, November 10th. The company reported $0.43 EPS for the quarter, missing the consensus estimate of $0.53 by ($0.10). The firm had revenue of $841.90 million for the quarter, compared to the consensus estimate of $853.53 million. TreeHouse Foods had a positive return on equity of 5.52% and a negative net margin of 7.25%.TreeHouse Foods's quarterly revenue was up .1% compared to the same quarter last year. During the same period in the prior year, the business earned ($0.07) EPS. Research analysts anticipate that TreeHouse Foods, Inc. will post 1.94 EPS for the current fiscal year.
Wall Street Analyst Weigh In
A number of research analysts have issued reports on the company. Weiss Ratings restated a "sell (e+)" rating on shares of TreeHouse Foods in a research note on Monday, December 29th. Stifel Nicolaus lifted their target price on TreeHouse Foods from $19.00 to $22.50 and gave the stock a "hold" rating in a research note on Tuesday, November 11th. Truist Financial increased their price target on shares of TreeHouse Foods from $20.00 to $22.50 and gave the company a "hold" rating in a research report on Thursday, November 13th. Zacks Research upgraded shares of TreeHouse Foods from a "strong sell" rating to a "hold" rating in a report on Thursday, January 1st. Finally, Barclays lifted their price objective on shares of TreeHouse Foods from $21.00 to $23.00 and gave the stock an "equal weight" rating in a research report on Tuesday, November 11th. Eight investment analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, TreeHouse Foods currently has a consensus rating of "Reduce" and a consensus target price of $24.67.
Get Our Latest Report on THS
Institutional Investors Weigh In On TreeHouse Foods
Several large investors have recently added to or reduced their stakes in the company. Two Sigma Investments LP raised its stake in TreeHouse Foods by 483.4% in the 3rd quarter. Two Sigma Investments LP now owns 379,089 shares of the company's stock valued at $7,661,000 after acquiring an additional 314,110 shares during the period. Ameriprise Financial Inc. boosted its position in TreeHouse Foods by 74.6% during the third quarter. Ameriprise Financial Inc. now owns 680,279 shares of the company's stock worth $13,748,000 after purchasing an additional 290,729 shares during the period. JPMorgan Chase & Co. increased its stake in shares of TreeHouse Foods by 199.2% in the fourth quarter. JPMorgan Chase & Co. now owns 411,606 shares of the company's stock worth $9,710,000 after purchasing an additional 274,020 shares in the last quarter. Marshall Wace LLP raised its position in shares of TreeHouse Foods by 379.3% in the second quarter. Marshall Wace LLP now owns 332,730 shares of the company's stock valued at $6,462,000 after purchasing an additional 263,303 shares during the period. Finally, Voloridge Investment Management LLC raised its position in shares of TreeHouse Foods by 143.1% in the third quarter. Voloridge Investment Management LLC now owns 407,798 shares of the company's stock valued at $8,242,000 after purchasing an additional 240,034 shares during the period. Hedge funds and other institutional investors own 99.81% of the company's stock.
About TreeHouse Foods
(
Get Free Report)
TreeHouse Foods, Inc (NYSE: THS) is a leading manufacturer and supplier of private-label packaged food and beverage products. Headquartered in Oak Brook, Illinois, the company partners with major grocery chains, club retailers and foodservice outlets to develop, produce and distribute a diverse portfolio of items under store brands and, in select categories, under its own labels.
Since its founding in 2005 through the consolidation of several specialty food businesses, TreeHouse Foods has grown primarily through strategic acquisitions and operational integration.
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