Vertical Group Downgrades Dean Foods Company (DF) to Hold
Dean Foods Company (NYSE:DF) was downgraded by stock analysts at Vertical Group from a “buy” rating to a “hold” rating in a research note issued on Thursday.
DF has been the topic of several other reports. BMO Capital Markets reiterated a “market perform” rating and issued a $15.00 price target (down from $20.00) on shares of Dean Foods in a research report on Wednesday. Wells Fargo & Company cut Dean Foods from an “outperform” rating to a “market perform” rating and dropped their price target for the stock from $25.00 to $12.00 in a research note on Wednesday. ValuEngine raised Dean Foods from a “hold” rating to a “buy” rating in a research note on Tuesday. Vertical Research cut Dean Foods from a “buy” rating to a “hold” rating in a research note on Tuesday. Finally, J P Morgan Chase & Co cut Dean Foods from an “overweight” rating to a “neutral” rating and lowered their target price for the company from $16.00 to $12.00 in a research note on Tuesday. Five investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and four have issued a buy rating to the company. Dean Foods currently has a consensus rating of “Hold” and a consensus target price of $15.40.
Dean Foods (NYSE DF) opened at 12.24 on Thursday. The company has a 50 day moving average of $15.37 and a 200-day moving average of $18.11. Dean Foods has a one year low of $11.19 and a one year high of $22.31. The firm has a market cap of $1.11 billion, a PE ratio of 20.07 and a beta of 0.54.
Dean Foods (NYSE:DF) last posted its 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 company had revenue of $1.93 billion during the quarter, compared to the consensus estimate of $1.94 billion. Dean Foods had a net margin of 0.70% and a return on equity of 16.63%. The business’s quarterly revenue was up 4.2% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.38 earnings per share. On average, equities research analysts predict that Dean Foods will post $0.82 earnings per share for the current year.
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Large investors have recently made changes to their positions in the stock. Dimensional Fund Advisors LP raised its stake in shares of Dean Foods by 3.3% in the second quarter. Dimensional Fund Advisors LP now owns 4,919,927 shares of the company’s stock valued at $83,640,000 after buying an additional 156,044 shares in the last quarter. Virtu KCG Holdings LLC bought a new stake in Dean Foods during the second quarter valued at $1,020,000. Renaissance Technologies LLC raised its stake in Dean Foods by 51.2% in the second quarter. Renaissance Technologies LLC now owns 2,599,750 shares of the company’s stock valued at $44,196,000 after buying an additional 879,800 shares during the period. Advisor Group Inc. raised its stake in Dean Foods by 40.7% in the second quarter. Advisor Group Inc. now owns 7,857 shares of the company’s stock valued at $133,000 after buying an additional 2,271 shares during the period. Finally, Nordea Investment Management AB raised its stake in Dean Foods by 31.3% in the second quarter. Nordea Investment Management AB now owns 103,672 shares of the company’s stock valued at $1,762,000 after buying an additional 24,693 shares during the period.
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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