Dean Foods Co (NYSE:DF) shares traded down 10.6% during mid-day trading on Friday . The company traded as low as $1.60 and last traded at $1.60. 2,525,487 shares were traded during trading, an increase of 1% from the average session volume of 2,508,316 shares. The stock had previously closed at $1.79.
A number of research analysts have issued reports on the stock. BMO Capital Markets cut their target price on shares of Dean Foods from $7.00 to $5.00 and set a “market perform” rating on the stock in a research report on Thursday, February 28th. Credit Suisse Group set a $3.00 price target on shares of Dean Foods and gave the company a “sell” rating in a research report on Thursday, February 28th. Zacks Investment Research upgraded shares of Dean Foods from a “strong sell” rating to a “hold” rating in a research report on Tuesday, April 30th. Finally, JPMorgan Chase & Co. upgraded shares of Dean Foods from an “underweight” rating to a “neutral” rating in a research report on Friday, March 8th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and one has given a buy rating to the company’s stock. Dean Foods presently has an average rating of “Hold” and a consensus price target of $6.00.
The stock has a market cap of $168.81 million, a price-to-earnings ratio of -3.40 and a beta of 0.21. The company has a debt-to-equity ratio of 4.86, a quick ratio of 0.84 and a current ratio of 1.22.
Dean Foods (NYSE:DF) last announced its quarterly 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 firm had revenue of $1.80 billion during the quarter, compared to analyst estimates of $1.90 billion. Dean Foods had a negative net margin of 5.13% and a negative return on equity of 21.02%. The business’s revenue was down 9.3% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.14 earnings per share. Equities research analysts expect that Dean Foods Co will post -0.6 EPS for the current year.
Large investors have recently made changes to their positions in the stock. Oregon Public Employees Retirement Fund bought a new stake in Dean Foods during the 4th quarter worth approximately $35,000. Sigma Planning Corp bought a new stake in Dean Foods during the 4th quarter worth approximately $44,000. Susquehanna Fundamental Investments LLC bought a new stake in Dean Foods during the 4th quarter worth approximately $45,000. Marshall Wace North America L.P. bought a new stake in Dean Foods during the 1st quarter worth approximately $49,000. Finally, Jane Street Group LLC bought a new stake in Dean Foods during the 1st quarter worth approximately $52,000. Institutional investors and hedge funds own 89.95% 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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