Dean Foods (NYSE:DF) was upgraded by analysts at ValuEngine from a “sell” rating to a “hold” rating in a research note issued to investors on Monday.
Other equities analysts have also issued research reports about the company. Deutsche Bank raised Dean Foods from a “sell” rating to a “hold” rating and set a $8.00 price target on the stock in a report on Wednesday, August 8th. Vertical Group lowered Dean Foods from a “buy” rating to a “hold” rating in a report on Tuesday, August 7th. Zacks Investment Research raised Dean Foods from a “hold” rating to a “buy” rating and set a $11.00 price objective on the stock in a report on Tuesday, July 31st. BMO Capital Markets lowered their price objective on Dean Foods from $10.00 to $9.00 and set a “market perform” rating on the stock in a report on Wednesday, August 8th. Finally, JPMorgan Chase & Co. lowered Dean Foods from a “neutral” rating to an “underweight” rating and lowered their price objective for the company from $9.00 to $6.00 in a report on Friday, August 17th. Three analysts have rated the stock with a sell rating, eight have assigned a hold rating and one has given a buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of $9.06.
NYSE DF opened at $7.93 on Monday. The company has a debt-to-equity ratio of 1.39, a quick ratio of 1.04 and a current ratio of 1.47. Dean Foods has a 52-week low of $6.94 and a 52-week high of $12.09. The stock has a market cap of $692.62 million, a P/E ratio of 9.91, a P/E/G ratio of 1.44 and a beta of 0.28.
Dean Foods (NYSE:DF) last released its quarterly earnings results on Tuesday, August 7th. The company reported $0.16 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.14 by $0.02. Dean Foods had a return on equity of 10.88% and a net margin of 0.17%. The firm had revenue of $1.95 billion for the quarter, compared to analyst estimates of $1.94 billion. During the same quarter last year, the company posted $0.21 earnings per share. Analysts predict that Dean Foods will post 0.4 earnings per share for the current fiscal year.
In other Dean Foods news, major shareholder Value Vals Ag Vv acquired 350,000 shares of the stock in a transaction on Tuesday, August 7th. The shares were bought at an average price of $8.31 per share, with a total value of $2,908,500.00. The acquisition was disclosed in a legal filing with the SEC, which is available at this link. 1.20% of the stock is currently owned by insiders.
Institutional investors and hedge funds have recently made changes to their positions in the business. Trexquant Investment LP lifted its position in shares of Dean Foods by 50.0% during the 2nd quarter. Trexquant Investment LP now owns 34,303 shares of the company’s stock valued at $361,000 after acquiring an additional 11,438 shares during the period. Principal Financial Group Inc. lifted its position in shares of Dean Foods by 85.9% during the 1st quarter. Principal Financial Group Inc. now owns 723,492 shares of the company’s stock valued at $6,237,000 after acquiring an additional 334,401 shares during the period. Price Capital Management Inc. acquired a new stake in shares of Dean Foods during the 2nd quarter valued at approximately $725,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS acquired a new stake in shares of Dean Foods during the 2nd quarter valued at approximately $203,000. Finally, Sterling Capital Management LLC acquired a new stake in shares of Dean Foods during the 2nd quarter valued at approximately $1,109,000. 85.11% of the stock is currently owned by institutional investors.
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.
Further Reading: Cash Flow
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