Dean Foods Co (NYSE:DF) has received an average rating of “Hold” from the nine ratings firms that are currently covering the company, Marketbeat reports. One equities research analyst has rated the stock with a sell recommendation, six have assigned a hold recommendation and one has assigned a buy recommendation to the company. The average 1-year price target among brokerages that have issued a report on the stock in the last year is $4.75.
A number of research analysts recently weighed in on the stock. Credit Suisse Group set a $3.00 target price on shares of Dean Foods and gave the company a “sell” rating in a research report on Thursday, February 28th. BMO Capital Markets decreased their target price on shares of Dean Foods from $7.00 to $5.00 and set a “market perform” rating for the company in a research report on Thursday, February 28th. JPMorgan Chase & Co. raised shares of Dean Foods from an “underweight” rating to a “neutral” rating in a research report on Friday, March 8th. Finally, Zacks Investment Research raised shares of Dean Foods from a “strong sell” rating to a “hold” rating in a research report on Tuesday, April 30th.
Several institutional investors and hedge funds have recently made changes to their positions in the company. BlackRock Inc. grew its position in shares of Dean Foods by 0.9% in the 1st quarter. BlackRock Inc. now owns 14,404,571 shares of the company’s stock valued at $43,647,000 after acquiring an additional 127,565 shares during the period. Smith Graham & Co. Investment Advisors LP grew its position in shares of Dean Foods by 90.0% in the 1st quarter. Smith Graham & Co. Investment Advisors LP now owns 1,866,920 shares of the company’s stock valued at $5,657,000 after acquiring an additional 884,210 shares during the period. Norges Bank bought a new position in shares of Dean Foods in the 4th quarter valued at about $6,971,000. OppenheimerFunds Inc. grew its position in shares of Dean Foods by 66.1% in the 1st quarter. OppenheimerFunds Inc. now owns 1,442,997 shares of the company’s stock valued at $4,372,000 after acquiring an additional 574,171 shares during the period. Finally, Goldman Sachs Group Inc. grew its position in shares of Dean Foods by 1.3% in the 1st quarter. Goldman Sachs Group Inc. now owns 1,398,509 shares of the company’s stock valued at $4,237,000 after acquiring an additional 18,394 shares during the period. 87.96% of the stock is owned by institutional investors.
Dean Foods (NYSE:DF) last released its earnings results on Tuesday, May 7th. The company reported ($0.41) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.22) by ($0.19). The business had revenue of $1.80 billion during the quarter, compared to the consensus estimate of $1.90 billion. Dean Foods had a negative net margin of 5.13% and a negative return on equity of 21.02%. The firm’s revenue for the quarter was down 9.3% on a year-over-year basis. During the same period last year, the business posted $0.14 EPS. On average, research analysts anticipate that Dean Foods will post -0.65 earnings per share for the current year.
About Dean Foods
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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