Dean Foods (DF) Downgraded by Jefferies Financial Group

Dean Foods (NYSE:DF) was downgraded by research analysts at Jefferies Financial Group from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Thursday, Marketbeat reports. They currently have a $6.00 price objective on the stock, down from their previous price objective of $13.00. Jefferies Financial Group’s price target would indicate a potential upside of 0.33% from the company’s previous close.

DF has been the subject of several other research reports. ValuEngine cut shares of Dean Foods from a “sell” rating to a “strong sell” rating in a research report on Tuesday, September 4th. Zacks Investment Research raised shares of Dean Foods from a “sell” rating to a “hold” rating in a research report on Tuesday, August 21st. JPMorgan Chase & Co. cut shares of Dean Foods from a “neutral” rating to an “underweight” rating and cut their price objective for the stock from $9.00 to $6.00 in a research report on Friday, August 17th. Finally, BMO Capital Markets cut their price objective on shares of Dean Foods from $10.00 to $9.00 and set a “market perform” rating for the company in a research report on Wednesday, August 8th. Four research analysts have rated the stock with a sell rating and eight have issued a hold rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $7.56.

Shares of Dean Foods stock opened at $5.98 on Thursday. The stock has a market capitalization of $703.58 million, a PE ratio of 7.48, a price-to-earnings-growth ratio of 1.54 and a beta of 0.02. Dean Foods has a 52-week low of $5.62 and a 52-week high of $12.09. The company has a debt-to-equity ratio of 1.39, a current ratio of 1.47 and a quick ratio of 1.04.

Dean Foods (NYSE:DF) last announced its earnings results on Wednesday, November 7th. The company reported ($0.28) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.06) by ($0.22). Dean Foods had a net margin of 0.17% and a return on equity of 10.88%. The business had revenue of $1.89 billion during the quarter, compared to the consensus estimate of $1.85 billion. During the same period in the previous year, the firm posted $0.20 EPS. The company’s revenue was down 2.3% compared to the same quarter last year. As a group, analysts anticipate that Dean Foods will post 0.4 earnings per share for the current year.

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Trexquant Investment LP raised its stake in Dean Foods by 72.6% during the third quarter. Trexquant Investment LP now owns 59,196 shares of the company’s stock worth $420,000 after acquiring an additional 24,893 shares in the last quarter. BlackRock Inc. raised its stake in Dean Foods by 1.1% during the third quarter. BlackRock Inc. now owns 13,765,942 shares of the company’s stock worth $97,739,000 after acquiring an additional 156,377 shares in the last quarter. Bank of New York Mellon Corp raised its stake in Dean Foods by 3.2% during the third quarter. Bank of New York Mellon Corp now owns 1,660,996 shares of the company’s stock worth $11,793,000 after acquiring an additional 51,463 shares in the last quarter. Commonwealth Bank of Australia acquired a new position in Dean Foods during the third quarter worth about $325,000. Finally, JPMorgan Chase & Co. raised its stake in Dean Foods by 2.2% during the third quarter. JPMorgan Chase & Co. now owns 1,073,909 shares of the company’s stock worth $7,624,000 after acquiring an additional 22,833 shares in the last quarter. 85.06% of the stock is owned by hedge funds and other institutional investors.

Dean Foods Company Profile

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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Analyst Recommendations for Dean Foods (NYSE:DF)

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