Dean Foods Company (DF) Stock Rating Lowered by Vertical Research
Dean Foods Company (NYSE:DF) was downgraded by equities researchers at Vertical Research from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Tuesday, The Fly reports.
Several other research analysts also recently weighed in on DF. Zacks Investment Research downgraded shares of Dean Foods from a “hold” rating to a “sell” rating in a research report on Tuesday, April 11th. Jefferies Group LLC reiterated a “buy” rating and issued a $24.00 price target on shares of Dean Foods in a research report on Wednesday, April 26th. TheStreet downgraded shares of Dean Foods from a “b” rating to a “c+” rating in a research report on Tuesday, May 9th. Wells Fargo & Company reiterated an “outperform” rating and issued a $25.00 price target (up from $24.50) on shares of Dean Foods in a research report on Monday, May 15th. Finally, ValuEngine downgraded shares of Dean Foods from a “buy” rating to a “hold” rating in a research report on Friday, June 2nd. Four investment analysts have rated the stock with a sell rating, six have issued a hold rating and three have issued a buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $18.71.
Dean Foods (NYSE DF) traded down 20.77% during midday trading on Tuesday, hitting $11.86. 12,098,016 shares of the company were exchanged. The stock has a 50 day moving average of $16.45 and a 200-day moving average of $18.47. The stock has a market capitalization of $1.08 billion, a price-to-earnings ratio of 15.34 and a beta of 0.54. Dean Foods has a 1-year low of $11.80 and a 1-year high of $22.31.
Dean Foods (NYSE:DF) last issued its earnings results on Tuesday, August 8th. The company reported $0.21 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.30 by $0.09. Dean Foods had a return on equity of 19.34% and a net margin of 0.91%. The company had revenue of $1.93 billion during the quarter, compared to analysts’ expectations of $1.94 billion. During the same quarter in the prior year, the business posted $0.38 EPS. The company’s revenue for the quarter was up 4.2% compared to the same quarter last year. Equities analysts expect that Dean Foods will post $1.27 earnings per share for the current year.
Hedge funds have recently made changes to their positions in the stock. Quadrature Capital Ltd purchased a new stake in shares of Dean Foods during the fourth quarter valued at approximately $386,000. Bank of Montreal Can increased its stake in shares of Dean Foods by 69.8% in the first quarter. Bank of Montreal Can now owns 360,004 shares of the company’s stock valued at $7,077,000 after buying an additional 148,037 shares during the last quarter. Capstone Asset Management Co. increased its stake in shares of Dean Foods by 0.8% in the first quarter. Capstone Asset Management Co. now owns 14,220 shares of the company’s stock valued at $280,000 after buying an additional 110 shares during the last quarter. Alpha Windward LLC increased its stake in shares of Dean Foods by 10.7% in the first quarter. Alpha Windward LLC now owns 25,980 shares of the company’s stock valued at $511,000 after buying an additional 2,520 shares during the last quarter. Finally, Parametrica Management Ltd purchased a new stake in shares of Dean Foods during the first quarter valued at approximately $326,000.
About Dean Foods
Dean Foods Company is a food and beverage company. The Company processes and distributes fluid milk, and other dairy and dairy case products in the United States. It is engaged in manufacturing, marketing, selling and distributing a range of branded and private label dairy and dairy case products. It offers branded and private label dairy case products, including fluid milk, ice cream, cultured dairy products, creamers, ice cream mix and other dairy products to retailers, distributors, foodservice outlets, educational institutions and governmental entities across the United States.
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