Dean Foods Company (DF) PT Lowered to $16.00
Dean Foods Company (NYSE:DF) had its price objective reduced by stock analysts at Jefferies Group LLC from $20.00 to $16.00 in a report issued on Thursday. The brokerage presently has a “buy” rating on the stock. Jefferies Group LLC’s price objective would suggest a potential upside of 40.35% from the stock’s previous close.
A number of other equities research analysts have also weighed in on DF. Vertical Group lowered shares of Dean Foods from a “buy” rating to a “hold” rating in a research note on Thursday. Stifel Nicolaus reaffirmed a “buy” rating and set a $13.00 target price (down previously from $17.00) on shares of Dean Foods in a research note on Thursday. J P Morgan Chase & Co lowered shares of Dean Foods from an “overweight” rating to a “neutral” rating and cut their target price for the company from $16.00 to $12.00 in a research note on Tuesday. BMO Capital Markets cut their target price on shares of Dean Foods from $20.00 to $15.00 and set a “market perform” rating on the stock in a research note on Wednesday. Finally, Stephens lowered shares of Dean Foods from an “overweight” rating to an “equal weight” rating and set a $22.00 target price on the stock. in a research note on Tuesday. Four analysts have rated the stock with a sell rating, eight have given a hold rating and four have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $15.40.
Dean Foods (NYSE:DF) traded up 1.711% during midday trading on Thursday, reaching $11.595. The company had a trading volume of 695,312 shares. The stock’s 50 day moving average is $15.71 and its 200 day moving average is $18.21. The company has a market capitalization of $1.05 billion, a PE ratio of 19.008 and a beta of 0.54. Dean Foods has a one year low of $11.19 and a one year high of $22.31.
Dean Foods (NYSE:DF) last announced its quarterly earnings results on Tuesday, August 8th. The company reported $0.21 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.30 by $0.09. The firm had revenue of $1.93 billion during the quarter, compared to the consensus estimate of $1.94 billion. Dean Foods had a return on equity of 16.63% and a net margin of 0.70%. Dean Foods’s revenue was up 4.2% on a year-over-year basis. During the same period last year, the business earned $0.38 EPS. Equities research analysts forecast that Dean Foods will post $0.82 earnings per share for the current fiscal year.
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A number of hedge funds and other institutional investors have recently modified their holdings of the company. Northwestern Mutual Investment Management Company LLC boosted its position in shares of Dean Foods by 0.3% in the first quarter. Northwestern Mutual Investment Management Company LLC now owns 15,641 shares of the company’s stock valued at $308,000 after buying an additional 45 shares during the period. Capstone Asset Management Co. boosted its position in Dean Foods by 0.7% in the second quarter. Capstone Asset Management Co. now owns 14,320 shares of the company’s stock valued at $243,000 after buying an additional 100 shares during the last quarter. Clinton Group Inc. boosted its position in Dean Foods by 0.4% in the first quarter. Clinton Group Inc. now owns 37,120 shares of the company’s stock valued at $730,000 after buying an additional 144 shares during the last quarter. Gamco Investors INC. ET AL boosted its position in Dean Foods by 1.9% in the first quarter. Gamco Investors INC. ET AL now owns 14,437 shares of the company’s stock valued at $284,000 after buying an additional 264 shares during the last quarter. Finally, Advantus Capital Management Inc boosted its position in Dean Foods by 3.3% in the first quarter. Advantus Capital Management Inc now owns 11,620 shares of the company’s stock valued at $228,000 after buying an additional 373 shares during the last quarter.
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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