Traders Buy Large Volume of Put Options on Dean Foods (DF)
Shares of Dean Foods (NYSE:DF) saw some unusual options trading on Monday. Stock investors acquired 5,942 put options on the company, Analyst Ratings News reports. This is an increase of approximately 976% compared to the typical daily volume of 552 put options.
A number of analysts have recently weighed in on DF shares. Analysts at BMO Capital Markets raised their price target on shares of Dean Foods from $18.00 to $21.00 in a research note on Thursday, June 19th. Separately, analysts at ISI Group reiterated a “buy” rating on shares of Dean Foods in a research note on Thursday, June 12th. They now have a $22.00 price target on the stock, up previously from $18.00. Finally, analysts at KeyCorp raised their price target on shares of Dean Foods from $18.00 to $22.00 in a research note on Thursday, June 12th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and two have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of $18.64.
Dean Foods (NYSE:DF) traded down 3.86% during mid-day trading on Monday, hitting $15.20. 12,956,415 shares of the company’s stock traded hands. Dean Foods has a 52-week low of $13.59 and a 52-week high of $21.46. The stock has a 50-day moving average of $16.83 and a 200-day moving average of $15.98. The company has a market cap of $1.421 billion and a P/E ratio of 4.83.
Dean Foods (NYSE:DF) last announced its earnings results on Monday, August 11th. The company reported ($0.14) earnings per share for the quarter, missing the analysts’ consensus estimate of ($0.06) by $0.08. The company had revenue of $2.40 billion for the quarter, compared to the consensus estimate of $2.32 billion. Analysts expect that Dean Foods will post $0.54 EPS for the current fiscal year.
Dean Foods Company is a food and beverage company. The Company is a processor and direct-to-store distributor of fluid milk and other fluid dairy products in the United States.
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