Shares of Dean Foods Co (NYSE:DF) have earned an average recommendation of “Hold” from the thirteen analysts that are currently covering the firm, Marketbeat reports. Three investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and one has assigned a buy rating to the company. The average twelve-month price objective among brokerages that have issued a report on the stock in the last year is $7.13.
A number of equities research analysts have commented on the stock. Deutsche Bank set a $5.00 target price on shares of Dean Foods and gave the stock a “hold” rating in a research note on Wednesday, November 7th. ValuEngine upgraded shares of Dean Foods from a “hold” rating to a “buy” rating in a research report on Tuesday, November 13th. Credit Suisse Group reduced their price objective on shares of Dean Foods from $7.00 to $4.00 and set a “sell” rating on the stock in a research report on Thursday, November 8th. Zacks Investment Research upgraded shares of Dean Foods from a “sell” rating to a “hold” rating in a research report on Tuesday, September 18th. Finally, Jefferies Financial Group cut shares of Dean Foods from a “buy” rating to a “hold” rating and reduced their price objective for the company from $13.00 to $6.00 in a research report on Thursday, November 8th.
Several institutional investors have recently added to or reduced their stakes in the company. Commonwealth Bank of Australia purchased a new position in shares of Dean Foods in the third quarter valued at $325,000. Connor Clark & Lunn Investment Management Ltd. grew its holdings in shares of Dean Foods by 175.4% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 259,450 shares of the company’s stock valued at $1,842,000 after purchasing an additional 165,225 shares in the last quarter. Putnam Investments LLC grew its holdings in shares of Dean Foods by 93.3% in the third quarter. Putnam Investments LLC now owns 152,345 shares of the company’s stock valued at $1,082,000 after purchasing an additional 73,545 shares in the last quarter. Smith Graham & Co. Investment Advisors LP grew its holdings in shares of Dean Foods by 21.3% in the third quarter. Smith Graham & Co. Investment Advisors LP now owns 970,150 shares of the company’s stock valued at $6,888,000 after purchasing an additional 170,430 shares in the last quarter. Finally, Millennium Management LLC grew its holdings in shares of Dean Foods by 1,775.0% in the second quarter. Millennium Management LLC now owns 937,510 shares of the company’s stock valued at $9,853,000 after purchasing an additional 887,510 shares in the last quarter. Hedge funds and other institutional investors own 83.67% of the company’s stock.
NYSE DF opened at $4.77 on Friday. Dean Foods has a 12 month low of $3.61 and a 12 month high of $12.04. The company has a market cap of $438.72 million, a price-to-earnings ratio of 5.96 and a beta of 0.37. The company has a current ratio of 1.45, a quick ratio of 1.05 and a debt-to-equity ratio of 1.52.
Dean Foods (NYSE:DF) last released its earnings results on Wednesday, November 7th. The company reported ($0.28) EPS for the quarter, missing analysts’ consensus estimates of ($0.06) by ($0.22). Dean Foods had a positive return on equity of 4.01% and a negative net margin of 0.19%. The firm had revenue of $1.89 billion for the quarter, compared to the consensus estimate of $1.85 billion. During the same quarter in the previous year, the business posted $0.20 EPS. Dean Foods’s revenue was down 2.3% on a year-over-year basis. As a group, analysts expect that Dean Foods will post -0.24 earnings per share for the current year.
About Dean Foods
Dean Foods Company, a food and beverage company, processes and distributes milk, and other dairy and dairy case products in the United States. The company manufactures, markets, and distributes various branded and private label dairy, and diary case products, such as fluid milk, ice creams, cultured dairy products, creamers, ice cream mixes, and other dairy products; and juices, teas, bottled water, and other products.
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