Dean Foods (DF) Downgraded by ValuEngine to Strong Sell

ValuEngine cut shares of Dean Foods (NYSE:DF) from a sell rating to a strong sell rating in a research note issued to investors on Wednesday.

A number of other research analysts also recently commented on the company. Zacks Investment Research upgraded Dean Foods from a hold rating to a buy rating and set a $11.00 price objective for the company in a research note on Tuesday, July 31st. Jefferies Financial Group set a $13.00 price objective on Dean Foods and gave the stock a buy rating in a research note on Tuesday, August 28th. Deutsche Bank upgraded Dean Foods from a sell rating to a hold rating and set a $8.00 price objective for the company in a research note on Wednesday, August 8th. Vertical Group downgraded Dean Foods from a buy rating to a hold rating in a research note on Tuesday, August 7th. Finally, BMO Capital Markets lowered their price objective on Dean Foods from $10.00 to $9.00 and set a market perform rating for the company in a research note on Wednesday, August 8th. Four equities research analysts have rated the stock with a sell rating and eight have issued a hold rating to the company’s stock. Dean Foods has an average rating of Hold and a consensus price target of $7.56.

Shares of DF traded down $0.03 during trading on Wednesday, reaching $5.97. The company’s stock had a trading volume of 4,876,604 shares, compared to its average volume of 1,586,063. Dean Foods has a twelve month low of $5.62 and a twelve month high of $12.09. The firm has a market cap of $703.58 million, a price-to-earnings ratio of 7.46, a PEG ratio of 1.54 and a beta of 0.02. The company has a quick ratio of 1.04, a current ratio of 1.47 and a debt-to-equity ratio of 1.39.

Dean Foods (NYSE:DF) last posted its quarterly earnings results on Wednesday, November 7th. The company reported ($0.28) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.06) by ($0.22). The firm had revenue of $1.89 billion for the quarter, compared to analyst estimates of $1.85 billion. Dean Foods had a net margin of 0.17% and a return on equity of 10.88%. The business’s revenue was down 2.3% on a year-over-year basis. During the same period in the prior year, the company posted $0.20 earnings per share. On average, equities analysts expect that Dean Foods will post 0.38 earnings per share for the current fiscal year.

Hedge funds and other institutional investors have recently made changes to their positions in the company. Campbell & CO Investment Adviser LLC purchased a new stake in shares of Dean Foods during the second quarter valued at $162,000. Bank of Montreal Can lifted its holdings in shares of Dean Foods by 92.7% during the third quarter. Bank of Montreal Can now owns 25,891 shares of the company’s stock valued at $183,000 after purchasing an additional 12,452 shares during the last quarter. Jane Street Group LLC lifted its holdings in shares of Dean Foods by 276.6% during the second quarter. Jane Street Group LLC now owns 17,835 shares of the company’s stock valued at $187,000 after purchasing an additional 27,935 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS purchased a new stake in shares of Dean Foods during the second quarter valued at $203,000. Finally, Ridgewood Investments LLC lifted its holdings in shares of Dean Foods by 26.8% during the third quarter. Ridgewood Investments LLC now owns 31,356 shares of the company’s stock valued at $223,000 after purchasing an additional 6,637 shares during the last quarter. 85.06% of the stock is owned by institutional investors and hedge funds.

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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