Dean Foods Co (NYSE:DF) shares traded up 7.5% during mid-day trading on Monday . The stock traded as high as $2.38 and last traded at $2.30. 5,548,021 shares traded hands during trading, an increase of 151% from the average session volume of 2,213,112 shares. The stock had previously closed at $2.14.
Several research analysts have issued reports on the company. JPMorgan Chase & Co. upgraded Dean Foods from an “underweight” rating to a “neutral” rating in a research note on Friday, March 8th. Credit Suisse Group set a $3.00 price objective on Dean Foods and gave the stock a “sell” rating in a research note on Thursday, February 28th. Finally, BMO Capital Markets decreased their target price on Dean Foods from $7.00 to $5.00 and set a “market perform” rating on the stock in a report on Thursday, February 28th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and one has assigned a buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of $6.00.
The company has a quick ratio of 0.94, a current ratio of 1.30 and a debt-to-equity ratio of 2.88. The firm has a market capitalization of $192.57 million, a P/E ratio of -4.48 and a beta of 0.42.
Dean Foods (NYSE:DF) last announced its earnings results on Wednesday, February 27th. The company reported ($0.50) EPS for the quarter, missing the consensus estimate of ($0.27) by ($0.23). The business had revenue of $1.93 billion for the quarter, compared to the consensus estimate of $1.91 billion. Dean Foods had a negative return on equity of 7.87% and a negative net margin of 4.22%. Dean Foods’s revenue for the quarter was down .3% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.25 EPS. On average, equities analysts forecast that Dean Foods Co will post -0.39 earnings per share for the current fiscal year.
Hedge funds have recently made changes to their positions in the company. Oregon Public Employees Retirement Fund bought a new stake in shares of Dean Foods during the fourth quarter worth $35,000. Sigma Planning Corp bought a new stake in shares of Dean Foods during the fourth quarter worth $44,000. Susquehanna Fundamental Investments LLC bought a new stake in shares of Dean Foods during the fourth quarter worth $45,000. SG Americas Securities LLC grew its holdings in shares of Dean Foods by 100.9% during the fourth quarter. SG Americas Securities LLC now owns 13,862 shares of the company’s stock worth $53,000 after purchasing an additional 1,591,078 shares during the last quarter. Finally, Public Employees Retirement System of Ohio bought a new stake in shares of Dean Foods during the fourth quarter worth $58,000. Institutional investors own 88.90% of the company’s stock.
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About Dean Foods (NYSE:DF)
Dean Foods Co engages in the manufacture, sale and direct-to-store distribution of fluid milk and other dairy & dairy case products. Its portfolio include the DairyPure and TruMoo brands, along with other regional dairy brands such as Alta Dena, Berkeley Farms, Country Fresh, Dean’s, Friendly’s, Garelick Farms, LAND O LAKES milk and cultured products, Lehigh Valley Dairy Farms, Mayfield, McArthur, Meadow Gold, Oak Farms, PET, T.G.
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