Dean Foods Company (NYSE:DF) Downgraded by Wells Fargo & Company to “Market Perform”
Dean Foods Company (NYSE:DF) was downgraded by research analysts at Wells Fargo & Company from an “outperform” rating to a “market perform” rating in a research report issued on Wednesday, The Fly reports.
DF has been the topic of several other reports. Zacks Investment Research cut shares of Dean Foods from a “hold” rating to a “sell” rating in a research note on Tuesday, April 11th. Morgan Stanley reiterated an “underweight” rating and issued a $15.00 target price (down from $18.00) on shares of Dean Foods in a research note on Tuesday, July 18th. Credit Suisse Group reiterated an “underperform” rating and issued a $14.00 target price (down from $18.00) on shares of Dean Foods in a research note on Wednesday, July 12th. Jefferies Group LLC reiterated a “buy” rating and issued a $24.00 target price on shares of Dean Foods in a research note on Wednesday, April 26th. Finally, BidaskClub upgraded shares of Dean Foods from a “strong sell” rating to a “sell” rating in a research note on Wednesday, June 14th. Four equities research analysts have rated the stock with a sell rating, six have issued a hold rating and three have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of $18.71.
Dean Foods (NYSE DF) opened at 11.86 on Wednesday. The company has a 50-day moving average of $16.16 and a 200-day moving average of $18.39. Dean Foods has a 52 week low of $11.80 and a 52 week high of $22.31. The company has a market capitalization of $1.08 billion, a PE ratio of 15.34 and a beta of 0.54.
Dean Foods (NYSE:DF) last released its quarterly earnings data on Tuesday, August 8th. The company reported $0.21 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.30 by $0.09. The business 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 19.34% and a net margin of 0.91%. The firm’s quarterly revenue was up 4.2% on a year-over-year basis. During the same period last year, the business posted $0.38 earnings per share. On average, equities research analysts anticipate that Dean Foods will post $1.13 EPS for the current year.
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Hedge funds have recently bought and sold shares of the stock. Sigma Planning Corp purchased a new position in shares of Dean Foods during the first quarter worth approximately $207,000. First Citizens Bank & Trust Co. increased its position in shares of Dean Foods by 20.6% in the first quarter. First Citizens Bank & Trust Co. now owns 14,684 shares of the company’s stock worth $289,000 after buying an additional 2,509 shares during the period. Tudor Investment Corp ET AL increased its position in shares of Dean Foods by 21.8% in the first quarter. Tudor Investment Corp ET AL now owns 29,973 shares of the company’s stock worth $589,000 after buying an additional 5,359 shares during the period. Vanguard Group Inc. increased its position in shares of Dean Foods by 4.9% in the first quarter. Vanguard Group Inc. now owns 11,508,667 shares of the company’s stock worth $226,260,000 after buying an additional 536,720 shares during the period. Finally, Lazard Asset Management LLC purchased a new position in shares of Dean Foods during the first quarter worth approximately $545,000.
About Dean Foods
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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