Silver Point Capital L.P. Buys 357,917 Shares of TreeHouse Foods (NYSE:THS) Stock

TreeHouse Foods, Inc. (NYSE:THS) major shareholder Silver Point Capital L.P. acquired 357,917 shares of the firm’s stock in a transaction on Tuesday, February 10th. The stock was purchased at an average cost of $24.54 per share, with a total value of $8,783,283.18. Following the completion of the transaction, the insider owned 5,408,000 shares in the company, valued at $132,712,320. The trade was a 7.09% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is available at this link. Large shareholders that own at least 10% of a company’s shares are required to disclose their transactions with the SEC.

TreeHouse Foods Price Performance

Shares of NYSE THS 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. TreeHouse Foods, Inc. has a 1 year low of $15.85 and a 1 year high of $40.77. The stock’s 50-day simple moving average is $24.07 and its 200-day simple moving average is $21.25. The firm has a market cap of $1.23 billion, a price-to-earnings ratio of -5.09 and a beta of 0.18.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of THS. Pullen Investment Management LLC raised its holdings in shares of TreeHouse Foods by 82.2% during the second quarter. Pullen Investment Management LLC now owns 92,355 shares of the company’s stock valued at $1,794,000 after buying an additional 41,680 shares during the last quarter. Phocas Financial Corp. increased its position in TreeHouse Foods by 152.1% in the 2nd quarter. Phocas Financial Corp. now owns 287,083 shares of the company’s stock valued at $5,575,000 after acquiring an additional 173,211 shares during the period. Bryce Point Capital LLC acquired a new stake in TreeHouse Foods in the 2nd quarter valued at approximately $676,000. S&T Bank PA raised its stake in TreeHouse Foods by 21.6% during the 2nd quarter. S&T Bank PA now owns 122,418 shares of the company’s stock valued at $2,377,000 after acquiring an additional 21,779 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership boosted its position in TreeHouse Foods by 61.3% during the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 541,426 shares of the company’s stock worth $10,514,000 after acquiring an additional 205,852 shares during the period. 99.81% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on the company. Zacks Research upgraded TreeHouse Foods from a “strong sell” rating to a “hold” rating in a research note on Thursday, January 1st. Barclays increased their price objective on shares of TreeHouse Foods from $21.00 to $23.00 and gave the company an “equal weight” rating in a research note on Tuesday, November 11th. Weiss Ratings reissued a “sell (e+)” rating on shares of TreeHouse Foods in a research report on Monday, December 29th. Truist Financial upped their target price on shares of TreeHouse Foods from $20.00 to $22.50 and gave the company a “hold” rating in a research note on Thursday, November 13th. Finally, William Blair downgraded TreeHouse Foods from an “outperform” rating to a “hold” rating in a research note on Tuesday, November 11th. Eight analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Reduce” and an average target price of $24.67.

TreeHouse Foods Company Profile

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.