Dean Foods Company (NYSE:DF) Upgraded to “Buy” by ValuEngine
Dean Foods Company (NYSE:DF) was upgraded by equities research analysts at ValuEngine from a “hold” rating to a “buy” rating in a research report issued on Tuesday.
Several other equities analysts have also issued reports on the stock. Stephens lowered shares of Dean Foods from an “overweight” rating to an “equal weight” rating in a report on Tuesday. J P Morgan Chase & Co lowered shares of Dean Foods from an “overweight” rating to a “neutral” rating in a report on Tuesday. Vertical Research lowered shares of Dean Foods from a “buy” rating to a “hold” rating in a report on Tuesday. TheStreet lowered shares of Dean Foods from a “b” rating to a “c+” rating in a report on Tuesday, May 9th. Finally, Sanford C. Bernstein downgraded shares of Dean Foods from a “market perform” rating to an “underperform” rating and decreased their target price for the stock from $18.00 to $13.00 in a research report on Thursday, July 27th. Four investment analysts have rated the stock with a sell rating, five have assigned a hold rating and four have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of $18.71.
Dean Foods (DF) traded down 20.77% during midday trading on Tuesday, reaching $11.86. The company had a trading volume of 12,108,587 shares. Dean Foods has a one year low of $11.80 and a one year high of $22.31. The company has a market capitalization of $1.08 billion, a PE ratio of 15.34 and a beta of 0.54. The stock’s 50 day moving average is $16.16 and its 200 day moving average is $18.39.
Dean Foods (NYSE:DF) last posted its earnings results on Tuesday, August 8th. The company reported $0.21 earnings per share for the quarter, missing analysts’ consensus estimates of $0.30 by $0.09. The company had revenue of $1.93 billion for the quarter, compared to the consensus estimate of $1.94 billion. Dean Foods had a return on equity of 19.34% and a net margin of 0.91%. The business’s quarterly revenue was up 4.2% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.38 EPS. Equities research analysts forecast that Dean Foods will post $1.27 earnings per share for the current fiscal year.
Several large investors have recently bought and sold shares of DF. Sigma Planning Corp bought a new stake in Dean Foods during the first quarter valued at approximately $207,000. First Citizens Bank & Trust Co. boosted its position in shares of Dean Foods by 20.6% in the first quarter. First Citizens Bank & Trust Co. now owns 14,684 shares of the company’s stock worth $289,000 after buying an additional 2,509 shares during the period. Vanguard Group Inc. boosted its position in shares of Dean Foods by 4.9% in the first quarter. Vanguard Group Inc. now owns 11,508,667 shares of the company’s stock worth $226,260,000 after buying an additional 536,720 shares during the period. Tudor Investment Corp ET AL boosted its position in shares of Dean Foods by 21.8% in the first quarter. Tudor Investment Corp ET AL now owns 29,973 shares of the company’s stock worth $589,000 after buying an additional 5,359 shares during the period. Finally, Lazard Asset Management LLC acquired a new position in shares of Dean Foods during the first quarter worth about $545,000.
Dean Foods Company Profile
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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